Residential
816 6th Street NW, Albuquerque, NM 87102
For Sale
$370,000
Residential Income, Albuquerque, NM
Property Size2,201 SF
Lot Size0.07 Acres
Price / SF$168.11
Days on Market69
Property Features for 816 6th Street NW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Faithe Real Estate Group
(505) 401-0721
Added: Sep 2
Changed: Nov 9
Last Checked: Nov 9 at 11:06PM
MLS# 1110516
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.
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Investment Insights
Based on property information with market context.
Built in 1911, this 2,201-square-foot residential property contains three units: a two-bedroom main house, a one-bedroom apartment, and a studio. The house has wood flooring, a laundry room, refrigerated air, central forced-air heat, and attic access. The apartment includes hardwood floors, a wall furnace, swamp cooler, window air conditioning, and a dedicated water heater. The studio has a furnace and window air conditioning.
Gas and electric service is separately metered for the main house; the apartment and studio share those utilities, while all three units share water. A roof overlay was added to the main house in May 2024, and exterior painting was completed in March 2025. The property also has backyard access and an exterior cleanout. It occupies a 0.07-acre lot at 816 6th Street NW in Albuquerque and is zoned R-1A*.
Gas and electric service is separately metered for the main house; the apartment and studio share those utilities, while all three units share water. A roof overlay was added to the main house in May 2024, and exterior painting was completed in March 2025. The property also has backyard access and an exterior cleanout. It occupies a 0.07-acre lot at 816 6th Street NW in Albuquerque and is zoned R-1A*.
Key Highlights
- Three units: two‑bedroom main house, one‑bedroom apartment, and studio
- 2,201 square feet on a 0.07‑acre lot
- Built in 1911; zoned R‑1A*
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,092
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,840
$401.8K
Cap Rate 7%
$287,029
$287.0K
Cap Rate 9%
$223,244
$223.2K
Market Conditions
NOI Build-Up for 2,201 SF
Gross rent
$30.4K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$28.7K $13.04/SF
− OpEx
−$8.6K −$3.91/SF
NOI
$20.1K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,840
Cap Rate 7%
$287,029
Cap Rate 9%
$223,244
Alternative Uses
Best Use
Multifamily LT 5
$287.0K
$251.2K – $334.9K
NOI $20,092 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$532.5K
$465.9K – $621.2K
NOI $37,273 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,505
Businesses Nearby
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Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Albuquerque, NM
Properties on Market for Triplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three dwellings comprise a two-bedroom house, a one-bedroom apartment, and a studio, with R-1A* zoning.
Where is this triplex located?
The property is located at 816 6th Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Three units: two‑bedroom main house, one‑bedroom apartment, and studio; 2,201 square feet on a 0.07‑acre lot; Built in 1911; zoned R‑1A*
