Triplex with Owner-Occupant
For Sale
$414,730
901 7th St NW, Albuquerque, NM 87102
Three-unit property with in-unit laundry, private yard space, and a vacant residence suitable for an owner occupant.
Property Size1,468 SF
Price / SF$282.51
Days on Market58
Property Features for 901 7th St NW
General Information
Standard status
Active
Size
1,468 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Acr
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1931
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Sep 9
Changed: Nov 5
Last Checked: Nov 4 at 12:36PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1931 triplex contains 1,468 square feet across three residential units. The vacant main residence includes one bedroom, one bathroom, and hardwood floors, while Unit B offers one bedroom and a large laundry room. Unit C includes its own yard area, and each unit is equipped with a washer and dryer.
The property is located in Downtown Albuquerque at 901 7th St NW, near breweries, coffee shops, restaurants, grocery stores, major bus routes, and the city’s primary courthouses. Old Town Albuquerque is also nearby, providing access to additional downtown-area amenities and services.
The property is located in Downtown Albuquerque at 901 7th St NW, near breweries, coffee shops, restaurants, grocery stores, major bus routes, and the city’s primary courthouses. Old Town Albuquerque is also nearby, providing access to additional downtown-area amenities and services.
Key Highlights
- Three‑unit property with 1,468 square feet
- Built in 1931
- Vacant main residence includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,401
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,020
$268.0K
Cap Rate 7%
$191,443
$191.4K
Cap Rate 9%
$148,900
$148.9K
Market Conditions
NOI Build-Up for 1,468 SF
Gross rent
$20.3K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.1K $13.04/SF
− OpEx
−$5.7K −$3.91/SF
NOI
$13.4K $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%
$268,020
Cap Rate 7%
$191,443
Cap Rate 9%
$148,900
Alternative Uses
Best Use
Multifamily LT 5
$191.4K
$167.5K – $223.4K
NOI $13,401 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$177.1K
$155.0K – $206.7K
NOI $12,400 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$355.1K
$310.8K – $414.3K
NOI $24,860 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,353
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with in-unit laundry, private yard space, and a vacant residence suitable for an owner occupant.
Where is this triplex located?
The property is located at 901 7th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $414,730.
What are key features of this property?
This property features: Three‑unit property with 1,468 square feet; Built in 1931; Vacant main residence includes 1 bedroom and 1 bathroom
