Four-Unit
For Sale
$420,000
630 Alcazar Street Se, Albuquerque, NM 87108
Stable, long-term tenancy in a multifamily property within an evolving Albuquerque corridor.
Property Size2,451 SF
Price / SF$171.36
Days on Market54
Property Features for 630 Alcazar Street Se
General Information
Standard status
Active
Size
2,451 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Tva
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,913
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Tyler M Pete · License #53270
(505) 264-3082
Source:
Exprealty
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 28 at 1:39PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Albuquerque provides 2,451 SF of residential space across a quadplex configuration. Constructed in 1971, the building is occupied by stable, long-term residents, supporting an established rental operation.
The property is located at 630 Alcazar Street SE in a corridor experiencing public and private reinvestment. Recent surrounding improvements include a new public library and park, while additional residential and mixed-use development is underway nearby. The property is also offered alongside 632 Alcazar Street, providing a potential opportunity to acquire both addresses together.
The property is located at 630 Alcazar Street SE in a corridor experiencing public and private reinvestment. Recent surrounding improvements include a new public library and park, while additional residential and mixed-use development is underway nearby. The property is also offered alongside 632 Alcazar Street, providing a potential opportunity to acquire both addresses together.
Key Highlights
- Four‑unit multifamily property
- 2,451 SF of residential space
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,374
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,480
$447.5K
Cap Rate 7%
$319,629
$319.6K
Cap Rate 9%
$248,600
$248.6K
Market Conditions
NOI Build-Up for 2,451 SF
Gross rent
$33.8K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.0K $13.04/SF
− OpEx
−$9.6K −$3.91/SF
NOI
$22.4K $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%
$447,480
Cap Rate 7%
$319,629
Cap Rate 9%
$248,600
Alternative Uses
Best Use
Multifamily LT 5
$319.6K
$279.7K – $372.9K
NOI $22,374 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$295.8K
$258.8K – $345.1K
NOI $20,703 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$592.9K
$518.8K – $691.8K
NOI $41,506 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
804
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Stable, long-term tenancy in a multifamily property within an evolving Albuquerque corridor.
Where is this quadplex located?
The property is located at 630 Alcazar Street 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‑unit multifamily property; 2,451 SF of residential space; Built in 1971
