Building Details

Buildings 1

Listing Agency: EXP Realty LLC n***@exprealty.net Show Phone

Listed By: The Southwest Life ReGroup Show Phone

Source: Exprealty

Added: Jun 5 Changed: Sep 20 Last Checked: Oct 15 at 12:41AM

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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.

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 / Yr

$28,930

Cap Rate

8.64%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $31,266 @ 7.0% cap · market cap 9.33%

Second Best

Apartment 5plus

$413.3K

$361.6K – $482.2K (±1% cap)

NOI $28,930 @ 7.0% cap · market cap 8.64%

Theoretical Best

Office A

$828.6K

$725.0K – $966.7K (±1% cap)

NOI $58,000 @ 7.0% cap · market cap 17.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Nail Salon Electrical Service Parking Lot & Garage Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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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