Historic Fourplex with Hardwood
715 Fruit Avenue NW Albuquerque, NM 87102
For Sale
$612,369
MULTI_FAMILY - Albuquerque, NM
Property Size2,660 SF
Lot Size0.18 Acres
Price / SF$230.21
Days on Market111
Property Features for 715 Fruit Avenue NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101405807412032804
- Size
- 2,660 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Lots 186 & 187, Block 17 Armijo Brothers Addition
- Tax Annual Amount
- 5318
Utilities
- Heating system
- Central, Forced Air
Building Details
- Year built
- 1916
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Wood, Vinyl
- Building materials
- Frame, Stucco, WoodSiding
Listing Agency:
NM Apartment Advisors, Inc.
(505) 440-8633
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Added: Apr 6
Changed: Jul 24
Last Checked: Jul 25 at 1:06AM
MLS# 1101217
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.
Fourplex residence offering a mix of one studio unit, two 1BR/1BA units, and one larger 2BR/1BA unit. The property is tucked behind a classic white picket fence and features hardwood floors throughout, with front units including vaulted ceilings. A separate laundry room is provided, along with high-speed internet and a camera system.
Parking is available both along the alley and on the street for residents.
The building totals approximately 2,660 square feet on a 0.18-acre lot and is located in Downtown Albuquerque near major bus routes and the city’s primary courthouses, with walkable access to dining, grocery, and local retail.
Parking is available both along the alley and on the street for residents.
The building totals approximately 2,660 square feet on a 0.18-acre lot and is located in Downtown Albuquerque near major bus routes and the city’s primary courthouses, with walkable access to dining, grocery, and local retail.
Key Highlights
- Fourplex in Downtown Albuquerque built in 1916 with studio plus two 1BR/1BA units and one 2BR/1BA main residence
- Unit features include hardwood flooring and front units with vaulted ceilings
- Parking available for residents via alley and on‑street parking
Financial Insights For Multifamily LT 5
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 | $36.7k | $13.80 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $34.7k | $13.04 |
| − OpEx | −$10.4k | −$3.91 |
| NOI | $24.3k | $9.13 |
2,660 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit residential income property with studio, two 1BR/1BA units, and a 2BR/1BA unit, plus separate laundry and parking.
Where is this quadplex located?
The property is located at 715 Fruit Avenue 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: Fourplex in Downtown Albuquerque built in 1916 with studio plus two 1BR/1BA units and one 2BR/1BA main residence; Unit features include hardwood flooring and front units with vaulted ceilings; Parking available for residents via alley and on‑street parking
