902 Edith Boulevard NE, Albuquerque, NM 87102
MULTI_FAMILY - Albuquerque, NM
- Added:
- Mar 1, 2026
- Days on Market:
- 117
- Last Refresh:
- Jun 26 at 4:06 pm
Property Features for 902 Edith Boulevard NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
- Security features
- Security
- Window features
- Skylight(s)
- Interior features
- Skylights
- Appliances
- Dryer, Dishwasher, Refrigerator, Washer
- Standard status
- Active
- APN
- 101505800513831210
- Size
- 2,435 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1863
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Tile
- Building materials
- Adobe, Block, Frame
Listing agent Caleb Wheeler License #49045 (505) 385-3334
Listing office RE/MAX SELECT 3401 Central Ave NE, Albuquerque, NM (505) 265-5111
Listing date Mar 1, 2026
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.
HighLights
- Two casitas with a shared courtyard in Martineztown (tenant occupied; do not disturb).
- Front casita: 2 bedrooms, 3/4 bath, living room, office, and full kitchen with dishwasher and refrigerator.
- Back casita: living room, compact kitchen, full bath, and expanded bedroom with banco.
- Adobe construction with custom tile flooring (Saltillo & Mexican Talavera), wood ceilings, vigas/beams/latillas/corbels/columns.
- Thermal windows, skylights, and ductless heating and cooling in both casitas.
- Off‑street parking for 3 cars.
Overview
The courtyard is covered on three sides, creating a sheltered outdoor living area for the compound. Off-street parking is provided for three cars. The offering is located in Martineztown, just east of the Courthouses and down the hill from UNM, within Albuquerque.
This tenant-occupied two-casita setup can appeal to buyers seeking a compact residential income property with clearly defined, separately functioning living spaces and a shared outdoor courtyard. The asset’s durable adobe construction and distinctive traditional finishes—such as Saltillo and Mexican Talavera tile—support an owner-operator or investor’s interest in a low-complexity configuration. Please note: tenants are in place, so showings require advance scheduling and coordination.
Local Financial Insights For Multifamily LT 5
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 | $33.6k | $13.80 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $31.8k | $13.04 |
| − OpEx | −$9.5k | −$3.91 |
| NOI | $22.2k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.639425
- Latitude
- 35.091198
