Four-Unit Quadplex with
536 Palomas Drive SE, Albuquerque, NM 87108
For Sale
$420,000
Pending
Residential Income, Albuquerque, NM
Property Size3,136 SF
Lot Size0.16 Acres
Days on Market75
Property Features for 536 Palomas Drive SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
off-street parking
private enclosed courtyards
Building Details
Year built
Number of units
Buildings
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Tyler M Pete · License NM #53270
(505) 264-3082
Added: Sep 1
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 1110498
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.
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Investment Insights
Based on property information with market context.
This 3,136-square-foot quadplex contains four 2-bedroom, 1-bath units. The property, built in 1979, includes off-street parking and private enclosed courtyards, along with newer windows and stucco. The site measures 0.16 acres and is zoned MX-M*.
A separate property at 532 Palomas Dr SE is also for sale and may be purchased together with this quadplex.
A separate property at 532 Palomas Dr SE is also for sale and may be purchased together with this quadplex.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,136 square feet on a 0.16‑acre lot
- Private enclosed courtyards and off‑street parking
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
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,255
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
$227,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include off-street parking and private enclosed courtyard areas.
Where is this quadplex located?
The property is located at 536 Palomas Drive 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 units, each with 2 bedrooms and 1 bathroom; 3,136 square feet on a 0.16‑acre lot; Private enclosed courtyards and off‑street parking
