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    Duplex with Patio and Yard Title is generated by Realmo AI

    619 Adams Street NE, Albuquerque, NM 87110

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    For Sale
    $330,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    1,590 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $207/SF
    Added:
    May 1, 2026
    Days on Market:
    37
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 619 Adams Street NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
    Parking
    3
    Patio and Porch features
    Patio
    Interior features
    CeilingFans
    Exterior features
    Patio
    Fireplace
    1
    Appliances
    Dishwasher, FreeStandingGasRange, Refrigerator
    Standard status
    Active
    APN
    101705828902840104
    Size
    1,590 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2799

    Utilities

    Heating system
    Forced Air, Central
    Cooling system
    Ceiling Fan(s), Multi Units

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Wood, Tile
    Building materials
    Block, Frame, Stucco

    We can help!

    Listing Contact
    Heidi J Gray

    Listing agent Heidi J Gray License #14666

    Listing office H. Gray & Company Realtors 1429 Freeman Ave NW, Albuquerque, NM

    Listing date May 1, 2026

    MLS# 1102882 Listing URL

    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.

    HighLights

    • 1,590 SF income‑producing duplex (Unit A 957 SF, Unit B 633 SF) built in 1950
    • Unit A: leased 2 BR/1 BA front/main house with exclusive driveway parking and enclosed patio; current rent is $1,200/mo
    • Unit B: vacant 1 BR/1 BA back cottage with wood‑burning fireplace, large open patio, big back yard, and exclusive gated parking from alley
    • Gas and electric are separately metered for each unit
    • Block, frame, and stucco construction with central forced‑air heating and ceiling fans
    • Appliances included: dishwasher, free‑standing gas range, and refrigerator

    Overview

    This duplex offers two separate living spaces with individual layouts and utility separation. Unit A is a leased front/main house with 2 bedrooms and 1 bathroom, approximately 957 square feet, hard flooring, and an ample kitchen. The unit also features a super private enclosed patio and exclusive driveway parking. Unit B is a vacant back “cottage” with 1 bedroom and 1 bathroom, approximately 633 square feet, with standout natural light and a wood-burning fireplace. It includes a large open patio, a big back yard, an on-site shed, and exclusive gated parking accessed from the alley.

    The property is located in Albuquerque near the North UNM area, positioned on an impressive lot. The layout supports both privacy and independent access between the front home and the back cottage, and the separate metering of gas and electricity is in place.

    For buyers seeking residential income, the combination of a currently leased unit and a vacant unit in move-in ready condition can support flexible use plans, including living in one unit while renting the other. The property is offered as-is, and all viewings should be coordinated with appointments to avoid disturbing tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.594464
    Latitude
    35.08816

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with separate utilities, a leased front home, and a move-in-ready back cottage with yard and gated parking.
    Where is this duplex located?
    The property is located at 619 Adams Street NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: 1,590 SF income‑producing duplex (Unit A 957 SF, Unit B 633 SF) built in 1950; Unit A: leased 2 BR/1 BA front/main house with exclusive driveway parking and enclosed patio; current rent is $1,200/mo; Unit B: vacant 1 BR/1 BA back cottage with wood‑burning fireplace, large open patio, big back yard, and exclusive gated parking from alley
    (505) 249-3519
    We can help!
    Listing Contact
    Heidi J Gray
    Real Estate License ID: 14666
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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