Well-Kept Fourplex in Central
For Sale
$400,000
625 Louisiana SE, Albuquerque, NM 87108
Four units in excellent condition, located on Louisiana SE.
Property Size3,540 SF
Price / SF$112.99
Days on Market320
Property Features for 625 Louisiana SE
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Multifamily
Building Details
Building Size
3,540 SF
Year Built
1979
Listed By:
Tim Luten · License #NM #2469
(505) 620-2259
Source:
Svn
Added: Nov 21, 2025
Changed: Sep 6
Last Checked: Oct 5 at 4:30PM
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 Tim Luten
Investment Insights
Based on property information with market context.
This well-maintained fourplex is located in the southeast central area on Louisiana Boulevard, between Gibson and Zuni. The property consists of four units, all reported to be in excellent condition. The property size is 3540 square feet. This multifamily property is intended for residential income purposes.
Key Highlights
- Four units in excellent condition, a fantastic investment opportunity.
- Four‑plex property, offering multiple income streams.
- Good southeast central area, providing convenient access to amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,316
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,320
$646.3K
Cap Rate 7%
$461,657
$461.7K
Cap Rate 9%
$359,067
$359.1K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$48.9K $13.80/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$46.2K $13.04/SF
− OpEx
−$13.8K −$3.91/SF
NOI
$32.3K $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%
$646,320
Cap Rate 7%
$461,657
Cap Rate 9%
$359,067
Alternative Uses
Best Use
Multifamily LT 5
$461.7K
$404.0K – $538.6K
NOI $32,316 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$427.2K
$373.8K – $498.4K
NOI $29,901 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$856.4K
$749.4K – $999.1K
NOI $59,948 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
804
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units in excellent condition, located on Louisiana SE.
Where is this quadplex located?
The property is located at 625 Louisiana SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four units in excellent condition, a fantastic investment opportunity.; Four‑plex property, offering multiple income streams.; Good southeast central area, providing convenient access to amenities.
