Renovated Duplex with Separate
For Sale
$360,000
5201 Grande Drive NW, Albuquerque, NM 87107
ResidentialIncome, Albuquerque, NM
Property Size1,898 SF
Lot Size0.16 Acres
Price / SF$189.67
Days on Market26
Property Features for 5201 Grande Drive NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1C*
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1
Interior features
CeilingFans
Appliances
FreeStandingGasRange, Refrigerator
Subdivision
Plaza Subd
Directions
From Griego's and Grande go north on Grande home on the left.
Standard status
Active
APN
101406113419730920
Size
1,898 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2959
Utilities
Cooling system
Ceiling Fan(s), Ductless
Amenities
gated side yard
Building Details
Year built
1941
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl, Tile
Building materials
Block, Frame, Stucco
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
The Southwest Life ReGroup
(505) 307-1129
Added: Aug 11
Changed: Sep 5
Last Checked: Sep 5 at 8:06PM
MLS# 1109136
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex comprises two attached residences with separate entrances and individual gas and electric meters. The front unit includes 2 bedrooms, 1 full bath, and wood flooring. The rear residence provides 3 bedrooms, 1 bath, and a large living area. Combined property size is 1,898 square feet on a 0.16-acre lot.
Renovations completed in 2021 included a new roof, electrical updates, and flooring improvements. Additional features include ceiling fans, ductless cooling, a freestanding gas range, and a refrigerator. Block, frame, and stucco construction support the property's existing configuration, while the gated side yard provides outdoor space and backyard access.
The property is located at 5201 Grande Drive NW in Albuquerque's North Valley, with access to Downtown Albuquerque, shopping, dining, and other North Valley amenities.
Renovations completed in 2021 included a new roof, electrical updates, and flooring improvements. Additional features include ceiling fans, ductless cooling, a freestanding gas range, and a refrigerator. Block, frame, and stucco construction support the property's existing configuration, while the gated side yard provides outdoor space and backyard access.
The property is located at 5201 Grande Drive NW in Albuquerque's North Valley, with access to Downtown Albuquerque, shopping, dining, and other North Valley amenities.
Key Highlights
- Two attached residences with separate entrances
- Front residence: 2 bedrooms and 1 full bath
- Rear residence: 3 bedrooms and 1 bath with a large living area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,326
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.81%
Second Best
Apartment 5plus
$229.0K
$200.4K – $267.2K
NOI $16,032 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer independent access, separate utility metering, and a gated side yard in Albuquerque’s North Valley.
Where is this duplex located?
The property is located at 5201 Grande Drive NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two attached residences with separate entrances; Front residence: 2 bedrooms and 1 full bath; Rear residence: 3 bedrooms and 1 bath with a large living area
