Triplex with
For Sale
Contact for pricing
533 Valencia SE, Albuquerque, NM 87108
R-MH-zoned income property with private patios, off-street parking, secure storage, and recent exterior improvements.
Property Size1,929 SF
Price / SF$171.90
Days on Market76
Property Features for 533 Valencia SE
General Information
Standard status
Active
Size
1,929 SF
Property subtype
Multifamily
Zoning
R-MH
Occupancy
100%
Net Operating Income
$19,600
Financials
Asking Price
$331,592
Cap Rate
6.11%
Gross Rent Multiplier
11.16
Average Monthly Rent
$825
Site & Location
Neighborhood
Ssp
Additional Details
Multifamily Units
3
Amenities
off-street parking
private patio
shared colonnade courtyard
Solatube tubular skylights
buried tool storage
Building Details
Year Built
1940
Buildings
1
Units
3
Tenancy
Multi
Construction
courtyard style
Listing Agency:
N.M. Apartments, Inc.
Listed By:
Todd Clarke · License #13711
(505) 440-8633
Source:
Crexi
Added: Aug 19
Changed: Oct 26
Last Checked: Nov 1 at 5:48AM
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.
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Investment Insights
Based on property information with market context.
This R-MH-zoned triplex at 537 Valencia SE contains 1,929 square feet and was built in 1940. The property provides off-street parking, private patios, a shared colonnade courtyard, brick sidewalks, landscaped grounds, and separate buried storage areas for the buildings. Solatube tubular skylights add natural illumination, while Apartment 537 #3 has been renovated with a dedicated laundry room and built-in cabinetry.
A new roof was completed in 2022, followed by driveway and sidewalk improvements in 2024. The property is within walking distance of multiple parks, retail establishments, and restaurants. Current average rents are $825, with reported investment metrics of an 11.16 GRM, 6.11% cap rate, and 11.7% after-tax IRR.
A new roof was completed in 2022, followed by driveway and sidewalk improvements in 2024. The property is within walking distance of multiple parks, retail establishments, and restaurants. Current average rents are $825, with reported investment metrics of an 11.16 GRM, 6.11% cap rate, and 11.7% after-tax IRR.
Key Highlights
- 1,929‑square‑foot triplex built in 1940
- R‑MH zoning with off‑street parking and private patios
- Shared colonnade courtyard, landscaped grounds, and brick sidewalks
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - R-MH-zoned income property with private patios, off-street parking, secure storage, and recent exterior improvements.
Where is this triplex located?
The property is located at 533 Valencia 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 built in 1940; R‑MH zoning with off‑street parking and private patios; Shared colonnade courtyard, landscaped grounds, and brick sidewalks
