Courtyard-Style
For Sale
$331,592
533 Valencia Drive SE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size1,929 SF
Lot Size0.16 Acres
Price / SF$171.90
Days on Market68
Property Features for 533 Valencia Drive SE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-MH*
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Appliances
FreeStandingGasRange, Refrigerator
Subdivision
Plat Of Shirley S Subdivision
Directions
From San Pedro Blvd SE and Zuni Rd SE: East on Zuni to Valencia Dr SE. Right on Valencia to property on right.
Standard status
Active
APN
101805615448422904
Size
1,929 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3090
Utilities
Heating system
Central
Amenities
brick walkways
shared colonnade courtyard
off-street parking
private patio space
Solatube tubular skylights
tool and storage areas
laundry
Building Details
Year built
1940
Floors in Building
1
Number of units
3
Flooring type
Vinyl, Carpet
Listing Agency:
Maestas Real Estate Services
Listed By:
Anita Maestas · License #16029
(505) 463-3565
Added: Aug 1
Changed: Sep 13
Last Checked: Oct 7 at 12:06PM
MLS# 1109654
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 1,929-square-foot triplex occupies a 0.16-acre parcel and was built in 1940. The property is arranged around a shared colonnade courtyard with mature landscaping, brick walkways, private patio areas, and off-street parking. Solatube tubular skylights add natural light to the residences, while buried tool and storage areas provide dedicated owner storage.
Recent capital work includes a roof replacement in 2022, new driveways and sidewalks in 2024, and interior renovations. Apartment 533 #6 has been fully renovated and includes a separate laundry room with a built-in clothing rack. Other units provide washer or washer/dryer hookups. Central heating, carpet, vinyl flooring, free-standing gas ranges, and refrigerators are also present.
The property is located at 533 Valencia Drive SE in Albuquerque, within walking distance of parks, restaurants, and retail. Current operating metrics include an 11.16 GRM and a 6.11% cap rate. The adjoining property at 537 Valencia SE is also owned by the seller, offering a potential adjacent acquisition opportunity.
Recent capital work includes a roof replacement in 2022, new driveways and sidewalks in 2024, and interior renovations. Apartment 533 #6 has been fully renovated and includes a separate laundry room with a built-in clothing rack. Other units provide washer or washer/dryer hookups. Central heating, carpet, vinyl flooring, free-standing gas ranges, and refrigerators are also present.
The property is located at 533 Valencia Drive SE in Albuquerque, within walking distance of parks, restaurants, and retail. Current operating metrics include an 11.16 GRM and a 6.11% cap rate. The adjoining property at 537 Valencia SE is also owned by the seller, offering a potential adjacent acquisition opportunity.
Key Highlights
- 1,929‑square‑foot triplex on a 0.16‑acre parcel
- Roof replaced in 2022; driveways and sidewalks updated in 2024
- Shared colonnade courtyard with mature landscaping and brick walkways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,609
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,180
$352.2K
Cap Rate 7%
$251,557
$251.6K
Cap Rate 9%
$195,656
$195.7K
Market Conditions
NOI Build-Up for 1,929 SF
Gross rent
$26.6K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.2K $13.04/SF
− OpEx
−$7.5K −$3.91/SF
NOI
$17.6K $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%
$352,180
Cap Rate 7%
$251,557
Cap Rate 9%
$195,656
Alternative Uses
Best Use
Multifamily LT 5
$251.6K
$220.1K – $293.5K
NOI $17,609 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,294 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$466.7K
$408.3K – $544.4K
NOI $32,666 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,376
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?
Triplex - Income-producing triplex with renovated interiors, shared courtyard character, private patios, and off-street parking.
Where is this triplex located?
The property is located at 533 Valencia Drive SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $331,592.
What are key features of this property?
This property features: 1,929‑square‑foot triplex on a 0.16‑acre parcel; Roof replaced in 2022; driveways and sidewalks updated in 2024; Shared colonnade courtyard with mature landscaping and brick walkways
