Soft-Gated Multifamily
8600 Zuni Road SE Albuquerque, NM 87108
8600 Zuni Road SE, Albuquerque, NM, 87108
$1,793,434
For Sale
$1,793,434
MULTI_FAMILY - Albuquerque, NM
Property Size16,020 SF
Lot Size1.00 Acre
Price / SF$111.95
Days on Market46
Property Features for 8600 Zuni Road SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101905645152311926
- Size
- 16,020 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- Tr In E Of Nw Of Ne Of Ne T10n R4e Sec 30 & Lts I & J & Unpl Atted Por Nw O F Lt J & E Of Vemont Of J E Burns Addn Cont
- Tax Annual Amount
- 12050
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 25
- Flooring type
- Carpet, Vinyl
- Building materials
- BrickVeneer, Frame
Listing Agency
NM Apartment Advisors, Inc.
(505) 440-8633
524 Central Ave. SW Suite 801, Albuquerque, NM
Listed by
Todd D Clarke · License #13711
(505) 440-8633
Added: Jun 2 Checked: Jul 17 at 5:06 pm
MLS# 1104629
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.
Investment Insights
Based on property information with market context.
This multifamily property offers a soft-gated community entry with convenient parking located right in front of the apartments. Interiors feature pragmatic floor plans with open kitchens, generous counter space, and inviting bar tops, complemented by a mix of contemporary and well-preserved mid-century modern tilework and fixtures. Units also include oversized full bathrooms with expansive vanity and built-in space, along with nearly 10 feet of counter and additional mid-century style detailing.
The community is situated at 8600 Zuni Road SE in Albuquerque, New Mexico. The property includes a large and accommodating community laundry room, with free machines available for residents, as well as multiple secured communal outdoor spaces.
Recent upgrades include thermal windows, updated fixtures, fresh paint, and quality luxury vinyl plank flooring throughout. The overall configuration and amenity set make this an appealing option for resident-focused operators looking for a turn-key, upgrade-supported multifamily asset with practical in-community convenience.
The community is situated at 8600 Zuni Road SE in Albuquerque, New Mexico. The property includes a large and accommodating community laundry room, with free machines available for residents, as well as multiple secured communal outdoor spaces.
Recent upgrades include thermal windows, updated fixtures, fresh paint, and quality luxury vinyl plank flooring throughout. The overall configuration and amenity set make this an appealing option for resident-focused operators looking for a turn-key, upgrade-supported multifamily asset with practical in-community convenience.
Key Highlights
- 1960 construction with brick veneer and frame exterior materials.
- Upgraded interiors include thermal windows, updated fixtures, fresh paint, and luxury vinyl plank flooring.
- Open kitchens feature lots of counter space and inviting bar tops; includes refrigerator.
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 | $259.5k | $16.20 |
| − Vacancy | −$13.5k | −$0.84 |
| EGI | $246.0k | $15.36 |
| − OpEx | −$110.7k | −$6.91 |
| NOI | $135.3k | $8.45 |
16,020 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.26M
NOI $135,316 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.88M
$3.39M – $4.52M
NOI $271,289 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained apartments with modern upgrades, secured outdoor areas, and a large community laundry room with free machines.
Where is this apartment building located?
The property is located at 8600 Zuni Road SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,793,434.
What are key features of this property?
This property features: 1960 construction with brick veneer and frame exterior materials.; Upgraded interiors include thermal windows, updated fixtures, fresh paint, and luxury vinyl plank flooring.; Open kitchens feature lots of counter space and inviting bar tops; includes refrigerator.
