Two-Building Fourplex
For Sale
Contact for pricing
Pending
530 Tennessee St NE & 532, Albuquerque, NM 87108
Two adjacent fourplex buildings offer spacious two-bedroom residences, individual fireplaces, and laundry facilities in an established Albuquerque setting.
Property SizeContact for details
Days on Market140
Property Features for 530 Tennessee St NE & 532
General Information
Standard status
Pending
Property subtype
Multifamily
Financials
Asking Price
$816,000
Cap Rate
7.05%
Gross Rent Multiplier
8.3
Average Monthly Rent
$1,050
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Amenities
fireplace
laundry facility
Building Details
Buildings
2
Listing Agency:
N.M. Apartments, Inc.
(505) 440-8633
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 8:19PM
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 N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
This offering includes two neighboring fourplex buildings, with each structure containing four two-bedroom, one-bathroom residences. The units feature fireplaces and spacious floorplans, while each building includes a laundry facility. One unit at 532 Tennessee NE is vacant and positioned for an owner occupant, according to the available property information.
The buildings are located at 530 Tennessee St NE and 532 Tennessee St NE in Albuquerque, near grocery stores, the Uptown area, and the University area. Mesa Verde Park and its Community Center are directly across the street, with programs serving children and adults in the La Mesa area. Each fourplex occupies its own lot, and the owner prefers a concurrent sale of both buildings. Reported investment metrics include a 7.05% after-reserves cap rate at current average rents and a potential 9.20% before-reserves cap rate at higher market rents.
The buildings are located at 530 Tennessee St NE and 532 Tennessee St NE in Albuquerque, near grocery stores, the Uptown area, and the University area. Mesa Verde Park and its Community Center are directly across the street, with programs serving children and adults in the La Mesa area. Each fourplex occupies its own lot, and the owner prefers a concurrent sale of both buildings. Reported investment metrics include a 7.05% after-reserves cap rate at current average rents and a potential 9.20% before-reserves cap rate at higher market rents.
Key Highlights
- Two adjacent fourplex buildings offered together
- Eight total two‑bedroom, one‑bathroom units
- Fireplaces in each residential unit
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
757
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two adjacent fourplex buildings offer spacious two-bedroom residences, individual fireplaces, and laundry facilities in an established Albuquerque setting.
Where is this quadplex located?
The property is located at 530 Tennessee St NE & 532 Albuquerque, NM.
What are key features of this property?
This property features: Two adjacent fourplex buildings offered together; Eight total two‑bedroom, one‑bathroom units; Fireplaces in each residential unit
