Four-Unit Apartment
For Sale
$335,000
Pending
8021 Marquette Ave Ne, Albuquerque, NM 87108
Income-producing multifamily asset with an established occupancy profile and varied unit mix.
Property Size3,425 SF
Days on Market87
Property Features for 8021 Marquette Ave Ne
General Information
Standard status
Pending
Size
3,425 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,920
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(505) 307-1129
Listed By:
The Southwest Life ReGroup
(505) 307-1129
Source:
Exprealty
Added: Jun 5
Changed: Aug 29
Last Checked: Aug 29 at 8:23PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 3,425-square-foot quadplex contains four residential units: three apartments with two bedrooms and one bathroom each, plus a larger three-bedroom, one-bath unit. The property offers a practical mix of layouts within a dedicated multifamily configuration.
Established occupancy and current income production provide an operating history for continued rental use. The property is positioned across from Mesa Verde Park and Community Center, adding a defined nearby recreational and community setting.
Showings are available after an accepted offer.
Established occupancy and current income production provide an operating history for continued rental use. The property is positioned across from Mesa Verde Park and Community Center, adding a defined nearby recreational and community setting.
Showings are available after an accepted offer.
Key Highlights
- Four‑unit quadplex totaling 3,425 square feet
- Three 2‑bedroom, 1‑bath units
- One 3‑bedroom, 1‑bath unit
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing multifamily asset with an established occupancy profile and varied unit mix.
Where is this quadplex located?
The property is located at 8021 Marquette Ave 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 totaling 3,425 square feet; Three 2‑bedroom, 1‑bath units; One 3‑bedroom, 1‑bath unit
