Multifamily Property with In-Unit
905 Coal Avenue Sw, Albuquerque, NM 87102
For Sale
$500,000
Pending
Separate electric meters and private outdoor areas provide practical features for the individual residences.
Property Size2,320 SF
Days on Market25
Property Features for 905 Coal Avenue Sw
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
outdoor space
washer/dryer in unit
Laminate,Tile,Vinyl
true
4
2
6
nm.broker@exprealty.net
Washer Hookup,Dryer Hookup,In Unit
Plans
Option
0.08
Public Records
2320
Building Details
Building Size
Year Built
Stories
Listing Agency:
Hunter Chase Realty
(505) 405-4957
Listed By:
Brendon Baca
Source:
Homeauthority
Added: Oct 21
Changed: Nov 11
Last Checked: Nov 13 at 9:08AM
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 Hunter Chase Realty
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Investment Insights
Based on property information with market context.
This 2,320-square-foot multifamily property, built in 1916, has been renovated and upgraded. Each residence includes its own washer and dryer, outdoor space, and separately metered electricity. Heating and cooling systems have also been upgraded.
The property occupies 0.08 acres in Downtown Albuquerque, near ACC, and is zoned R-MH*. The sale is court ordered, and the property is offered as-is.
The property occupies 0.08 acres in Downtown Albuquerque, near ACC, and is zoned R-MH*. The sale is court ordered, and the property is offered as-is.
Key Highlights
- 2,320‑square‑foot multifamily property on 0.08 acres
- In‑unit washer and dryer in each residence
- Private outdoor space for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,596
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,920
$391.9K
Cap Rate 7%
$279,943
$279.9K
Cap Rate 9%
$217,733
$217.7K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$37.6K $16.20/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$35.6K $15.36/SF
− OpEx
−$16.0K −$6.91/SF
NOI
$19.6K $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%
$391,920
Cap Rate 7%
$279,943
Cap Rate 9%
$217,733
Alternative Uses
Best Use
Apartment 5plus
$279.9K
$245.0K – $326.6K
NOI $19,596 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$561.3K
$491.1K – $654.8K
NOI $39,288 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,856
Businesses Nearby
Explore this area
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
$174,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Albuquerque, NM
Properties on Market for Multifamily properties in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate electric meters and private outdoor areas provide practical features for the individual residences.
Where is this multifamily property located?
The property is located at 905 Coal Avenue Sw Albuquerque, NM.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,320‑square‑foot multifamily property on 0.08 acres; In‑unit washer and dryer in each residence; Private outdoor space for each residence
