Four-Unit Quadplex with
For Sale
$420,000
521 Kentucky St Se, Albuquerque, NM 87108
Four one-bedroom residences with enclosed outdoor areas and off-street parking.
Property Size2,581 SF
Price / SF$162.73
Days on Market55
Property Features for 521 Kentucky St Se
General Information
Standard status
Active
Size
2,581 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Ssp
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$42,000
Taxes and HOA fees
Annual Taxes
$2,212
Amenities
off-street parking
private enclosed courtyards
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Tyler M Pete · License #53270
(505) 264-3082
Source:
Exprealty
Added: Sep 6
Changed: Oct 26
Last Checked: Oct 28 at 9:59AM
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
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains four one-bedroom, one-bath residences within 2,581 square feet. The building includes private enclosed courtyards and off-street parking, providing each unit with dedicated outdoor space and a practical parking arrangement.
Located at 521 Kentucky St SE in Albuquerque, New Mexico, the property is offered for sale. The adjacent property at 525 Kentucky St SE is also available for purchase and may be acquired together.
Located at 521 Kentucky St SE in Albuquerque, New Mexico, the property is offered for sale. The adjacent property at 525 Kentucky St SE is also available for purchase and may be acquired together.
Key Highlights
- Four 1 bed/1 bath units
- 2,581‑square‑foot multifamily property
- Private enclosed courtyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,561
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,220
$471.2K
Cap Rate 7%
$336,586
$336.6K
Cap Rate 9%
$261,789
$261.8K
Market Conditions
NOI Build-Up for 2,581 SF
Gross rent
$35.6K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$33.7K $13.04/SF
− OpEx
−$10.1K −$3.91/SF
NOI
$23.6K $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%
$471,220
Cap Rate 7%
$336,586
Cap Rate 9%
$261,789
Alternative Uses
Best Use
Multifamily LT 5
$336.6K
$294.5K – $392.7K
NOI $23,561 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$311.4K
$272.5K – $363.4K
NOI $21,801 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$624.4K
$546.4K – $728.5K
NOI $43,708 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
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Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences with enclosed outdoor areas and off-street parking.
Where is this quadplex located?
The property is located at 521 Kentucky St Se Albuquerque, NM.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four 1 bed/1 bath units; 2,581‑square‑foot multifamily property; Private enclosed courtyards
