4-Unit Multifamily
For Sale
$530,000
907 Coal Avenue SW, Albuquerque, NM 87102
ResidentialIncome, Albuquerque, NM
Property Size3,135 SF
Lot Size0.15 Acres
Price / SF$169.06
Days on Market193
Property Features for 907 Coal Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-MH*
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 1
Parking
4
Patio and Porch features
Patio
Interior features
CeilingFans
Exterior features
Patio
Appliances
Dryer, FreeStandingGasRange, Refrigerator, Washer
Subdivision
Strong Bennett Subd
Directions
From 10th and Central, south to Coal: east on Coal to Property. 907 Coal Ave SW sits on the north side of the street (facing south).
Standard status
Active
APN
101305748332911805
Size
3,135 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
East 10' of Lot F, All of Lot G, Block 34, Strong Bennett Subdivision
Tax Annual Amount
8561
Legal Description
East 10' of Lot F, All of Lot G, Block 34, Strong Bennett Subdivision
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Building Details
Year built
1916
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Tile, Wood
Building materials
Frame, Stucco, WoodSiding
Listing Agency:
Deacon Property Services
(505) 878-0100
Listed By:
Kyle E Deacon · License #15579
(505) 878-0100
Added: Feb 18
Changed: Aug 27
Last Checked: Aug 30 at 6:06PM
MLS# 1098715
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.
Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 3,135 square feet on a 0.15-acre lot. The unit mix includes three two-bedroom apartments and one one-bedroom apartment, with individual layouts and a combination of vinyl, tile, and wood flooring. Select units include washers and dryers or washer and dryer hookups, while additional features include gas ranges, refrigerators, forced-air heating, ceiling fans, and a patio.
The property is located at 907 Coal Avenue SW in Albuquerque’s downtown area. Restaurants, shops, and cultural amenities are described as within walking distance, while the Old Town Plaza, three area hospitals, and the UNM and CNM campuses are identified as accessible by bicycle. The building dates to 1916 and uses frame, stucco, and wood siding construction.
The property is located at 907 Coal Avenue SW in Albuquerque’s downtown area. Restaurants, shops, and cultural amenities are described as within walking distance, while the Old Town Plaza, three area hospitals, and the UNM and CNM campuses are identified as accessible by bicycle. The building dates to 1916 and uses frame, stucco, and wood siding construction.
Key Highlights
- 4‑unit property with 3,135 square feet of building area
- Unit mix includes three 2‑bedroom apartments and one 1‑bedroom apartment
- Situated on a 0.15‑acre lot at 907 Coal Avenue SW
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
Lease Details
4
Residential units
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 - Built in 1916, the property offers varied apartment layouts with washer and dryer equipment in select units.
Where is this quadplex located?
The property is located at 907 Coal Avenue 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: 4‑unit property with 3,135 square feet of building area; Unit mix includes three 2‑bedroom apartments and one 1‑bedroom apartment; Situated on a 0.15‑acre lot at 907 Coal Avenue SW
