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Turnkey Triplex Near UNM
For Sale
$675,000

635 Adams Street NE, Albuquerque, NM 87110

MULTI_FAMILY - Albuquerque, NM

Property Size1,980 SF
Lot Size0.16 Acres
Price / SF$340.91
Days on Market151

Property Features for 635 Adams Street NE

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description R-ML*
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 1
Interior features CeilingFans
Appliances Dishwasher, FreeStandingGasRange
Subdivision Ft New Year Add
Directions From I-40 & Carlisle: South on Carlisle to Lomas Blvd. Left on Lomas to Adams St. Left on Adams to property on left.
Standard status Active
APN 101705828904240107
Size 1,980 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 6850

Utilities

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

Building Details

Year built 1950
Floors in Building 1
Number of units 3
Flooring type Laminate
Building materials Frame, Stucco
Listing Agency: Berkshire Hathaway Home Svc NM
Listed By: Katey T Oueis · License #50246
Added: Mar 2 Changed: Jul 28 Last Checked: Jul 30 at 11:06PM
MLS# 1100981

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.

Investment Insights

Based on property information with market context.

This turnkey triplex is located in the UNM area near Nob Hill. The property features a spacious 3-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a studio with a 3/4 bath. The property is suitable for students and professionals. The property is well-maintained with modern updates. The building size is 1980 square feet and the lot size is 0.16 acres. The property is located in a high-demand rental area close to UNM, shopping, dining, and transit. The property is an option for investors and house hackers seeking immediate cash flow. The property generates an income of $4,420/month.

Key Highlights

  • Turnkey triplex near UNM and Nob Hill with in‑place income of $4,420/month
  • Unit mix includes one 3 bed/1 bath unit, one 2 bed/1 bath unit, and one studio with 3/4 bath
  • Central heating and cooling with ceiling fans throughout

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

876
Businesses Nearby

Demographics for 87110, NM

38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Updated triplex in UNM area with strong rental income.
Where is this triplex located?
The property is located at 635 Adams Street NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Turnkey triplex near UNM and Nob Hill with in‑place income of $4,420/month; Unit mix includes one 3 bed/1 bath unit, one 2 bed/1 bath unit, and one studio with 3/4 bath; Central heating and cooling with ceiling fans throughout
More about this property
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