Four-Unit Quadplex with
For Sale
$420,000
525 Kentucky Street SE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size2,581 SF
Lot Size0.19 Acres
Price / SF$162.73
Days on Market37
Property Features for 525 Kentucky Street SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
MX-M*
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Patio and Porch features
Patio
Exterior features
Landscaping, Patio
Appliances
FreeStandingElectricRange, Refrigerator
Subdivision
Eden Subd
Directions
Head east or west on Central Ave SE until you reach the intersection with San Mateo Blvd SE.Turn south onto San Mateo Blvd SE. Turn right (west) onto Zuni Rd SE at the next major intersection. Turn left (south) onto Kentucky St SE.525 Kentucky St SE will be on your right-hand side, just past the intersection with Bell Ave SE.
Standard status
Active
APN
101805648341912204
Size
2,581 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
2212
Amenities
off-street parking
private enclosed courtyards
Building Details
Year built
1962
Floors in Building
1
Number of units
4
Flooring type
Tile
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Tyler M Pete · License #53270
(505) 264-3082
Added: Sep 1
Changed: Sep 13
Last Checked: Oct 7 at 10:06AM
MLS# 1110539
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.
Located at 525 Kentucky Street SE in Albuquerque, this 2,581-square-foot quadplex occupies a 0.19-acre lot and was built in 1962. The property contains four one-bedroom, one-bath units, providing a consistent residential configuration across the building.
Exterior features include landscaping, patios, and private enclosed courtyards, along with off-street parking. Unit amenities include tile flooring, freestanding electric ranges, and refrigerators. The property is identified in the 87108 ZIP Code in Bernalillo County, New Mexico.
Exterior features include landscaping, patios, and private enclosed courtyards, along with off-street parking. Unit amenities include tile flooring, freestanding electric ranges, and refrigerators. The property is identified in the 87108 ZIP Code in Bernalillo County, New Mexico.
Key Highlights
- Four 1 bed/1 bath units
- 2,581 square feet on a 0.19‑acre lot
- Private enclosed courtyards and patios
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Off-street parking complements private enclosed courtyards and tile-finished interiors.
Where is this quadplex located?
The property is located at 525 Kentucky Street 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 feet on a 0.19‑acre lot; Private enclosed courtyards and patios
