Four-Unit
For Sale
$420,000
632 Alcazar Street Se, Albuquerque, NM 87108
Multifamily property with established occupancy and access to ongoing neighborhood reinvestment.
Property Size2,451 SF
Price / SF$171.36
Days on Market56
Property Features for 632 Alcazar Street Se
General Information
Standard status
Active
Size
2,451 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Tva
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 5
Changed: Oct 25
Last Checked: Oct 28 at 2:52PM
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 2,451-square-foot quadplex at 632 Alcazar St SE contains four residential units and was built in 1971. The property is occupied by stable, long-term residents, providing an established operating profile for a multifamily buyer.
The Albuquerque location is situated within a corridor experiencing public and private reinvestment. A new public library and park are nearby, while additional residential and mixed-use development is underway in the surrounding area. These improvements add context to the property’s established rental setting without changing its existing four-unit configuration.
The Albuquerque location is situated within a corridor experiencing public and private reinvestment. A new public library and park are nearby, while additional residential and mixed-use development is underway in the surrounding area. These improvements add context to the property’s established rental setting without changing its existing four-unit configuration.
Key Highlights
- Four residential units in a 2,451‑square‑foot quadplex
- Built in 1971
- Stable, long‑term residents in place
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
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with established occupancy and access to ongoing neighborhood reinvestment.
Where is this quadplex located?
The property is located at 632 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 residential units in a 2,451‑square‑foot quadplex; Built in 1971; Stable, long‑term residents in place
