Renovated Two-Residence
For Sale
$350,000
5201 Grande Dr, Albuquerque, NM 87107
Two attached residences provide separate entrances, utility metering, and flexible household or rental arrangements.
Property Size1,898 SF
Price / SF$184.40
Days on Market65
Property Features for 5201 Grande Dr
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1941
Year Renovated
2021
Listing Agency:
EXP Realty LLC
Listed By:
The Southwest Life ReGroup
(505) 307-1129
Source:
Findalbuquerqueproperties
Added: Aug 13
Changed: Oct 15
Last Checked: Oct 16 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,898-square-foot duplex, built in 1941, contains two attached residences with separate entrances and individual gas and electric meters. The front unit has 2 bedrooms, 1 full bath, and wood flooring. The rear unit includes 3 bedrooms, 1 bath, and an expansive living area. A gated side yard adds outdoor space and provides access to the rear of the property.
Renovations completed in 2021 included a new roof, electrical improvements, flooring, and additional updates. The property is in Albuquerque’s North Valley, with access to Downtown Albuquerque, shopping, dining, and other North Valley amenities. Its two-residence layout supports use as a duplex, multigenerational home, or an owner-occupied property with a separate rental residence.
Renovations completed in 2021 included a new roof, electrical improvements, flooring, and additional updates. The property is in Albuquerque’s North Valley, with access to Downtown Albuquerque, shopping, dining, and other North Valley amenities. Its two-residence layout supports use as a duplex, multigenerational home, or an owner-occupied property with a separate rental residence.
Key Highlights
- Two attached residences with separate entrances and individual gas and electric metering
- 1,898 square feet across two residences
- Front residence includes 2 bedrooms, 1 full bath, and wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,326
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,520
$346.5K
Cap Rate 7%
$247,514
$247.5K
Cap Rate 9%
$192,511
$192.5K
Market Conditions
NOI Build-Up for 1,898 SF
Gross rent
$26.2K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$24.8K $13.04/SF
− OpEx
−$7.4K −$3.91/SF
NOI
$17.3K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,520
Cap Rate 7%
$247,514
Cap Rate 9%
$192,511
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.6K – $288.8K
NOI $17,326 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$229.0K
$200.4K – $267.2K
NOI $16,032 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences provide separate entrances, utility metering, and flexible household or rental arrangements.
Where is this duplex located?
The property is located at 5201 Grande Dr Albuquerque, NM.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two attached residences with separate entrances and individual gas and electric metering; 1,898 square feet across two residences; Front residence includes 2 bedrooms, 1 full bath, and wood floors
