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Downtown Albuquerque Fourplex Opportunity

907 Coal Ave SW Albuquerque, NM 87102

907 Coal Ave SW, Albuquerque, NM, 87102
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Fourplex near downtown Albuquerque with diverse unit layouts.

Property Size3,135 SF
Price / SF$169.06
AddedFeb 22
Days on Market143
Last RefreshJun 22 at 9:05 am

Property Features for 907 Coal Ave SW

General Information

Standard status
Active
Size
3,135 SF
Property subtype
Multifamily

Building Details

Year Built
1916

Listing office N.M. Apartments, Inc.

Listing date Feb 22, 2026

Source Crexi

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 N.M. Apartments, Inc.


Investment Insights

Based on property information with market context.

This fourplex is located in downtown Albuquerque, within walking distance of restaurants, shops, and cultural amenities. It is also a short bike ride to the Old Town Plaza, three area hospitals, and the UNM/CNM campuses. The property features two large two-bedroom units, one with a washer/dryer included and one with hookups. Additionally, there is a small one-bedroom second-floor apartment and a medium-sized two-bedroom casita that also includes a washer/dryer. Each apartment has a unique floor plan with character touches and updates. The property is located in a west downtown submarket. The area is experiencing revitalization and tenant demand. The expansion of Netflix, Facebook, Intel, and Amazon, as well as announcements of new employment opportunities, may impact the property's appreciation and rent growth. The property size is 3135 square feet.

Key Highlights

  • Prime downtown location within walking distance of restaurants, shops, and cultural amenities.
  • Fourplex property with diverse unit mix: two 2‑bedroom units, one 1‑bedroom, and one 2‑bedroom casita.
  • Strong potential for appreciation and rent growth due to citywide expansion of major employers.

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 $43.3k $13.80
− Vacancy −$2.4k −$0.76
EGI $40.9k $13.04
− OpEx −$12.3k −$3.91
NOI $28.6k $9.13
3,135 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$408.8K
$357.7K – $477.0K (±1% cap)
NOI $28,618 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$378.3K
$331.0K – $441.3K (±1% cap)
NOI $26,480 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$758.4K
$663.6K – $884.8K (±1% cap)
NOI $53,089 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

HVAC Service Carpet & Flooring Store Home Appliance Store Butcher (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fourplex near downtown Albuquerque with diverse unit layouts.
Where is this quadplex located?
The property is located at 907 Coal Ave SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Prime downtown location within walking distance of restaurants, shops, and cultural amenities.; Fourplex property with diverse unit mix: two 2‑bedroom units, one 1‑bedroom, and one 2‑bedroom casita.; Strong potential for appreciation and rent growth due to citywide expansion of major employers.
Contact an agent
(505) 440-8633 Call to check price and availability
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