6720 Cochiti Road SE, Albuquerque, NM 87108
MULTI_FAMILY - Albuquerque, NM
- Added:
- Jun 29, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 6 at 4:06 pm
Property Features for 6720 Cochiti Road SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 1
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101805742508041114
- Size
- 4,300 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- Lots 5 & 6, Fair Grounds Addition
- Tax Annual Amount
- 6952
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 9
- Flooring type
- Tile
- Building materials
- Block, Frame, Stucco
Listing agent Todd D Clarke License #13711 (505) 440-8633
Listing office NM Apartment Advisors, Inc. 524 Central Ave. SW Suite 801, Albuquerque, NM (505) 440-8633
Listing date Jun 29, 2026
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
- Nine‑unit multifamily property with a start price tied to a 10.41% cap rate
- Address: 6720 Cochiti SE
- About 400 feet due south of the center of the current State Fair grounds
- Tile flooring and a refrigerator included
- Construction materials: block, frame, and stucco (year built: 1950)
- Schedule: tours on 7/21 at noon; offers due 7/22
Overview
The property is located at 6720 Cochiti Road SE in Albuquerque, New Mexico (87108), in Bernalillo County. Public remarks state it is about 400 feet due south of the current State Fair grounds. The State of New Mexico has approved initial $114M in funding for what could become a major redevelopment effort tied to the NM Fair grounds, and the remarks also reference $200M of redevelopment that may include a stadium for NM United, retail, and a mixed-use community.
Prospective buyers should consider this property based on its nine-unit multifamily structure and its proximity to the State Fair grounds area. The listing also notes one scheduled tour date and one scheduled offer date: tours on 7/21 at noon and offers due 7/22.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.7k | $16.20 |
| − Vacancy | −$3.6k | −$0.84 |
| EGI | $66.0k | $15.36 |
| − OpEx | −$29.7k | −$6.91 |
| NOI | $36.3k | $8.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.572087
- Latitude
- 35.07492
