6-Unit Multifamily
907 7th & 901 Street NW, Albuquerque, NM 87102
For Sale
New
$795,000
Residential Income, Albuquerque, NM
Property Size4,119 SF
Lot Size0.23 Acres
Price / SF$193.01
Days on Market1
Property Features for 907 7th & 901 Street NW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
hardwood floors
built-ins
full kitchens
private yard areas
in-unit washers and dryers
on- and off-street parking
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License NM #13711
(505) 440-8633
Added: Nov 9
Last Checked: Nov 9 at 7:06PM
MLS# 1113715
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.
Two buildings contain six residences totaling 4,119 square feet on approximately 0.2296 acres. The buildings date to 1931 and 1936, and the homes have varied layouts, hardwood flooring, built-in features, and full kitchens. Each residence includes a washer and dryer, with private yard areas and a combination of on-site and street parking. The property is zoned R-1A*.
The Albuquerque property is within walking distance of restaurants, grocery stores, coffee shops, breweries, parks, major bus routes, and the city’s primary courthouses. Old Town is also accessible on foot. The six residences are situated across two separate parcels; the two triplexes may be sold and financed separately, according to the stated ownership arrangement.
The Albuquerque property is within walking distance of restaurants, grocery stores, coffee shops, breweries, parks, major bus routes, and the city’s primary courthouses. Old Town is also accessible on foot. The six residences are situated across two separate parcels; the two triplexes may be sold and financed separately, according to the stated ownership arrangement.
Key Highlights
- Six residences in two buildings totaling 4,119 square feet
- Approximately 0.2296 acres across two separate parcels
- Buildings constructed in 1931 and 1936
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,601
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,020
$752.0K
Cap Rate 7%
$537,157
$537.2K
Cap Rate 9%
$417,789
$417.8K
Market Conditions
NOI Build-Up for 4,119 SF
Gross rent
$56.8K $13.80/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$53.7K $13.04/SF
− OpEx
−$16.1K −$3.91/SF
NOI
$37.6K $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%
$752,020
Cap Rate 7%
$537,157
Cap Rate 9%
$417,789
Alternative Uses
Best Use
Multifamily LT 5
$537.2K
$470.0K – $626.7K
NOI $37,601 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$497.0K
$434.9K – $579.9K
NOI $34,792 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$996.5K
$871.9K – $1.16M
NOI $69,753 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
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
$174,400
Median Home Value
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Market
Average Price Trend$/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 - Six residences across two parcels feature in-unit laundry, private yard areas, and a mix of floor plans.
Where is this multifamily property located?
The property is located at 907 7th & 901 Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Six residences in two buildings totaling 4,119 square feet; Approximately 0.2296 acres across two separate parcels; Buildings constructed in 1931 and 1936
