Four-Unit Property with
For Sale
$420,000
532 Palomas Dr Se, Albuquerque, NM 87108
Four two-bedroom units offer private enclosed courtyards and off-street parking.
Property Size3,136 SF
Price / SF$133.93
Days on Market56
Property Features for 532 Palomas Dr Se
General Information
Standard status
Active
Size
3,136 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Ssp
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$38,568
Taxes and HOA fees
Annual Taxes
$3,599
Amenities
off-street parking
private enclosed courtyards
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Tyler M Pete · License #53270
(505) 264-3082
Source:
Exprealty
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 28 at 10:59AM
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
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 four-unit residential income property was built in 1979 and contains 3,136 square feet. The unit mix consists of four two-bedroom, one-bath residences, providing a consistent configuration across the property. Each unit includes access to a private enclosed courtyard, while off-street parking supports resident convenience.
Property improvements include newer windows and newer stucco. The four-unit layout and uniform two-bedroom, one-bath design create a straightforward configuration for residential investment ownership.
Property improvements include newer windows and newer stucco. The four-unit layout and uniform two-bedroom, one-bath design create a straightforward configuration for residential investment ownership.
Key Highlights
- Four 2 bed/1 bath units
- 3,136 square feet built in 1979
- Private enclosed courtyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,628
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,560
$572.6K
Cap Rate 7%
$408,971
$409.0K
Cap Rate 9%
$318,089
$318.1K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$43.3K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$40.9K $13.04/SF
− OpEx
−$12.3K −$3.91/SF
NOI
$28.6K $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%
$572,560
Cap Rate 7%
$408,971
Cap Rate 9%
$318,089
Alternative Uses
Best Use
Multifamily LT 5
$409.0K
$357.9K – $477.1K
NOI $28,628 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,489 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$758.7K
$663.8K – $885.1K
NOI $53,106 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,508
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
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?
Quadplex - Four two-bedroom units offer private enclosed courtyards and off-street parking.
Where is this quadplex located?
The property is located at 532 Palomas Dr 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 2 bed/1 bath units; 3,136 square feet built in 1979; Private enclosed courtyards
