Fourplex with Hardwood
For Sale
$612,369
715 Fruit Ave Nw, Albuquerque, NM 87102
Downtown Albuquerque fourplex with studio and 1BR/1BA units, plus a 2BR/1BA main residence, laundry and camera system.
Property Size2,660 SF
Price / SF$230.21
Days on Market184
Property Features for 715 Fruit Ave Nw
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,318
Amenities
laundry room
high speed internet
camera system
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Source:
Exprealty
Added: Apr 7
Changed: Sep 8
Last Checked: Oct 7 at 1:17PM
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 NM Apartment Advisors, Inc.
Investment Insights
Based on property information with market context.
This fourplex at 715 Fruit Ave NW offers a distinctive residential setup behind a classic white picket fence. The unit mix includes one studio unit, two 1BR/1BA units, and one larger main residence with a 2BR/1BA configuration. Each unit features hardwood floors, and the front units have vaulted ceilings.
Residents have access to both alley and on-street parking. The property also includes a separate laundry room, as well as high-speed internet and a camera system.
Located in Downtown Albuquerque within walking distance to breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, and the city’s primary courthouses, this property is positioned for convenient everyday use.
Residents have access to both alley and on-street parking. The property also includes a separate laundry room, as well as high-speed internet and a camera system.
Located in Downtown Albuquerque within walking distance to breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, and the city’s primary courthouses, this property is positioned for convenient everyday use.
Key Highlights
- Unit mix: one studio, two 1BR/1BA units, and one 2BR/1BA main residence
- Hardwood floors throughout; front units have vaulted ceilings
- Separate laundry room on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,282
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,640
$485.6K
Cap Rate 7%
$346,886
$346.9K
Cap Rate 9%
$269,800
$269.8K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$36.7K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$34.7K $13.04/SF
− OpEx
−$10.4K −$3.91/SF
NOI
$24.3K $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%
$485,640
Cap Rate 7%
$346,886
Cap Rate 9%
$269,800
Alternative Uses
Best Use
Multifamily LT 5
$346.9K
$303.5K – $404.7K
NOI $24,282 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$321.0K
$280.9K – $374.5K
NOI $22,468 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$643.5K
$563.1K – $750.8K
NOI $45,046 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,842
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Downtown Albuquerque fourplex with studio and 1BR/1BA units, plus a 2BR/1BA main residence, laundry and camera system.
Where is this quadplex located?
The property is located at 715 Fruit Ave Nw Albuquerque, NM.
What is the asking price?
The asking price for this property is $612,369.
What are key features of this property?
This property features: Unit mix: one studio, two 1BR/1BA units, and one 2BR/1BA main residence; Hardwood floors throughout; front units have vaulted ceilings; Separate laundry room on‑site
