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Remodeled 3-Unit Multifamily Property
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535 Utah St NE, Albuquerque, NM 87108

Updated triplex with private courtyards, on-site laundry, and multiple recent building-system improvements.

Property SizeContact for details
Days on Market140

Property Features for 535 Utah St NE

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Cap Rate 6.5%
Multifamily Units 3

Amenities

private courtyard
coin-operated washer and dryer
wrought iron security fence
Listing Agency: Dave Slade & Associates LLC
Listed By: Dave Slade · License #11079
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 3:48PM

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 Dave Slade & Associates LLC

Investment Insights

Based on property information with market context.

This remodeled triplex at 535 Utah St NE includes private courtyards for each unit and a coin-operated washer and dryer. Recent work spans the roof, windows, synthetic stucco, hard-surface flooring, lighting, bathroom vanities, toilets, and interior paint. Building systems have also been improved with updated electrical service, two commercial hot water heaters, some new furnaces, and evaporative coolers.

Security improvements include a new wrought iron fence and gate. The property is identified with a 6.5% cap rate and is included in a 42-unit package.

Key Highlights

  • Three‑unit multifamily property with private courtyard for each unit
  • Recent roof, windows, synthetic stucco, flooring, lighting, and paint improvements
  • Updated electrical, evaporative coolers, and some new furnaces

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Nail Salon Parking Lot & Garage Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

670
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Updated triplex with private courtyards, on-site laundry, and multiple recent building-system improvements.
Where is this triplex located?
The property is located at 535 Utah St NE Albuquerque, NM.
What are key features of this property?
This property features: Three‑unit multifamily property with private courtyard for each unit; Recent roof, windows, synthetic stucco, flooring, lighting, and paint improvements; Updated electrical, evaporative coolers, and some new furnaces
More about this property
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