Assisted Living Residential
7621 Prospect Avenue NE, Albuquerque, NM 87110
New
MULTI_FAMILY - Albuquerque, NM
Property size:
3,590 SFLot size:
0.21 AcresPrice / SF:
$128/SF- Added:
- Jun 9, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 15 at 10:06 am
Property Features for 7621 Prospect Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 8, Bathroom 1, Bathroom 4
- Interior features
- CeilingFans
- Exterior features
- Landscaping
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Dishwasher, FreeStandingElectricRange, Disposal, Refrigerator
- Standard status
- Active
- APN
- 101905930023842904
- Size
- 3,590 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3931
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- BoardAndBattenSiding, BrickVeneer, Frame
Listing agent Premier Realty Partners (505) 550-8331
Listing office Realty One of New Mexico 4121 Wyoming Blvd NE Suite #3, Albuquerque, NM (505) 883-9400
Listing date Jun 9, 2026
MLS# 1105374
Listing URL
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
- Currently configured as a fully equipped 8‑bedroom assisted living facility
- Features 3 distinct living areas plus a dedicated home office and separate laundry room
- 4 bathrooms and a massive walk‑in pantry that can serve as secure medical/supply storage
- Appliances include dishwasher, free‑standing electric range, disposal, and refrigerator
- Accessibility includes an accessible approach with ramp; cooling via ceiling fans
- Built in 1950 with board‑and‑batten siding and brick veneer; forced‑air heating
Overview
This property is a residential-style assisted living facility currently configured with eight bedrooms and four bathrooms. The interior layout provides three distinct living areas suitable for recreation, communal use, or other flexible zoning of space. Additional functional improvements include a dedicated home office space, a separate laundry room, and a large walk-in pantry that can support food service storage or secure medical and supply storage. The facility is described as fully equipped and positioned for continued care use.
The property is located at 7621 Prospect Avenue NE in Albuquerque, New Mexico, within Bernalillo County. It is situated on a 0.21-acre lot and is offered for sale. With a total building size of 3,590 square feet, it presents a contained footprint for an operator seeking an established residential care layout.
For buyers, the current configuration supports assisted living operations that need multiple bedrooms, common living areas, and on-site support rooms for day-to-day care. The presence of a home office and dedicated laundry supports staff and household workflows. If a new owner is planning a different residential direction, the multi-area floor plan and sizable pantry offer useful flexibility for repurposing into a multi-generational living arrangement or a custom residential estate within the existing structure.
The property is located at 7621 Prospect Avenue NE in Albuquerque, New Mexico, within Bernalillo County. It is situated on a 0.21-acre lot and is offered for sale. With a total building size of 3,590 square feet, it presents a contained footprint for an operator seeking an established residential care layout.
For buyers, the current configuration supports assisted living operations that need multiple bedrooms, common living areas, and on-site support rooms for day-to-day care. The presence of a home office and dedicated laundry supports staff and household workflows. If a new owner is planning a different residential direction, the multi-area floor plan and sizable pantry offer useful flexibility for repurposing into a multi-generational living arrangement or a custom residential estate within the existing structure.
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 | $58.2k | $16.20 |
| − Vacancy | −$3.0k | −$0.84 |
| EGI | $55.1k | $15.36 |
| − OpEx | −$24.8k | −$6.91 |
| NOI | $30.3k | $8.45 |
3,590 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$433.2K
$379.1K – $505.4K
NOI $30,324 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$868.5K
$759.9K – $1.01M
NOI $60,794 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Night N Gail ...
Home Health Care Service
Similar Places Nearby
- Haven Care — Albuquerque, NM 87110
- Albuquerque Uptown Assisted Living — 7611 Indian School Rd NE, Albuquerque, NM 87110
- BAYADA Assistive Care — 2201 San Pedro Dr NE building 2 suite 104, Albuquerque, NM 87110
- NestBeyond — 6000 Uptown Blvd NE Suite 490, Albuquerque, NM 87110
- NestBeyond of Uptown Albuquerque — 6565 Americas Pkwy, Albuquerque, NM 87110
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.558895
- Latitude
- 35.108389
Nearby Similar for Sale
FAQs
What type of property is this?
Assisted living facility - Turnkey assisted living configuration with multiple living areas, bedrooms, and practical support spaces.
Where is this assisted living facility located?
The property is located at 7621 Prospect Avenue NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Currently configured as a fully equipped 8‑bedroom assisted living facility; Features 3 distinct living areas plus a dedicated home office and separate laundry room; 4 bathrooms and a massive walk‑in pantry that can serve as secure medical/supply storage
