Four-Unit Property with Mixed
For Sale
$335,000
7905 Marquette Avenue NE, Albuquerque, NM 87108
ResidentialIncome, Albuquerque, NM
Property Size3,425 SF
Lot Size0.23 Acres
Price / SF$97.81
Days on Market90
Property Features for 7905 Marquette Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-ML*
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 9, Bathroom 4, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Exterior features
Landscaping
Appliances
Dishwasher, FreeStandingElectricRange, Disposal, Refrigerator
Directions
Head south on Wyoming Blvd NE.Turn right (west) onto Marquette Ave NE.Continue to 7905 Marquette on your right.
Subdivision
70 - Fairgrounds
Standard status
Active
APN
101905729140911103
Size
3,425 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
1697
Utilities
Heating system
Electric (Heating), Central
Building Details
Year built
1972
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Block, Frame, Stucco
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
The Southwest Life ReGroup · License #.
(505) 307-1129
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 31 at 1:06AM
MLS# 1104893
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 3,425-square-foot quadplex includes four residences: three units with two bedrooms and one bathroom each, plus a three-bedroom, one-bath unit. The 1972 property uses block, frame, and stucco construction, with vinyl and carpet flooring throughout. Individual residences include dishwashers, freestanding electric ranges, disposals, and refrigerators, while central electric heating serves the building. Landscaping adds an established exterior feature.
The property occupies a 0.23-acre site at 7905 Marquette Avenue NE in Albuquerque, New Mexico, across from Mesa Verde Park and Community Center. The address is within ZIP Code 87108 in Bernalillo County. Showings are available after an accepted offer.
The property occupies a 0.23-acre site at 7905 Marquette Avenue NE in Albuquerque, New Mexico, across from Mesa Verde Park and Community Center. The address is within ZIP Code 87108 in Bernalillo County. Showings are available after an accepted offer.
Key Highlights
- Four‑unit quadplex with 3,425 square feet
- Unit mix includes three 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
- Built in 1972 on a 0.23‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,930
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,600
$578.6K
Cap Rate 7%
$413,286
$413.3K
Cap Rate 9%
$321,444
$321.4K
Market Conditions
NOI Build-Up for 3,425 SF
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.
Gross rent
$55.5K $16.20/SF
− Vacancy
−$2.9K −$0.84/SF
EGI
$52.6K $15.36/SF
− OpEx
−$23.7K −$6.91/SF
NOI
$28.9K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,600
Cap Rate 7%
$413,286
Cap Rate 9%
$321,444
Alternative Uses
Best Use
Multifamily LT 5
$446.7K
$390.8K – $521.1K
NOI $31,266 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$413.3K
$361.6K – $482.2K
NOI $28,930 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$828.6K
$725.0K – $966.7K
NOI $58,000 @ 7.0% cap · market cap 17.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Unit mix combines two-bedroom and three-bedroom residences with practical in-unit appliances and central electric heating.
Where is this quadplex located?
The property is located at 7905 Marquette Avenue NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,425 square feet; Unit mix includes three 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit; Built in 1972 on a 0.23‑acre lot
