Leased Duplex with
For Sale
$295,000
610 San Pedro Dr, Albuquerque, NM 87108
Both units are leased and include garages with additional storage space.
Property Size1,610 SF
Price / SF$183.23
Days on Market141
Property Features for 610 San Pedro Dr
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
DBI Real Estate LLC
Listed By:
Jeff Grier · License #15017
(505) 463-3667
Source:
Myabqhomesearch
Added: May 28
Changed: Oct 1
Last Checked: Oct 14 at 11:26PM
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 DBI Real Estate LLC
Investment Insights
Based on property information with market context.
Located at 610 San Pedro Dr SE in Albuquerque, NM, this 1,610-square-foot duplex includes two residential units. Both units are currently leased, and each has a large garage along with additional storage space.
The property provides on-site parking and access areas serving the units. Its existing leases, garage capacity, and unit-specific storage contribute to a practical multifamily configuration.
The property provides on-site parking and access areas serving the units. Its existing leases, garage capacity, and unit-specific storage contribute to a practical multifamily configuration.
Key Highlights
- 1,610‑square‑foot duplex in Albuquerque, NM
- Both units are leased
- Large garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,697
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,940
$293.9K
Cap Rate 7%
$209,957
$210.0K
Cap Rate 9%
$163,300
$163.3K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$22.2K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$21.0K $13.04/SF
− OpEx
−$6.3K −$3.91/SF
NOI
$14.7K $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%
$293,940
Cap Rate 7%
$209,957
Cap Rate 9%
$163,300
Alternative Uses
Best Use
Multifamily LT 5
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$194.3K
$170.0K – $226.7K
NOI $13,599 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$389.5K
$340.8K – $454.4K
NOI $27,264 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,266
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased and include garages with additional storage space.
Where is this duplex located?
The property is located at 610 San Pedro Dr Albuquerque, NM.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,610‑square‑foot duplex in Albuquerque, NM; Both units are leased; Large garage for each unit
