Downtown Albuquerque Fourplex
For Sale
$530,000
907 Coal Ave Sw, Albuquerque, NM 87102
Fourplex near downtown Albuquerque with diverse unit layouts.
Property Size3,135 SF
Price / SF$169.06
Days on Market187
Property Features for 907 Coal Ave Sw
General Information
Standard status
Active
Size
3,135 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,560
Listing Agency:
Deacon Property Services
(505) 878-0100
Listed By:
Kyle E Deacon · License #13711
(505) 878-0100
Source:
Exprealty
Added: Feb 23
Changed: Aug 26
Last Checked: Aug 29 at 11:53AM
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 Deacon Property Services
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,360
$572.4K
Cap Rate 7%
$408,829
$408.8K
Cap Rate 9%
$317,978
$318.0K
Market Conditions
NOI Build-Up for 3,135 SF
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.
Gross rent
$43.3K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$40.9K $13.04/SF
− OpEx
−$12.3K −$3.91/SF
NOI
$28.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,360
Cap Rate 7%
$408,829
Cap Rate 9%
$317,978
Alternative Uses
Best Use
Multifamily LT 5
$408.8K
$357.7K – $477.0K
NOI $28,618 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$378.3K
$331.0K – $441.3K
NOI $26,480 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$758.4K
$663.6K – $884.8K
NOI $53,089 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
