Fourplex with Mixed Unit
907 Coal Avenue SW, Albuquerque, NM 87102
For Sale
$530,000
Pending
Residential Income, Albuquerque, NM
Property Size3,135 SF
Lot Size0.15 Acres
Days on Market266
Property Features for 907 Coal Avenue SW
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
washer/dryer
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Deacon Property Services
Listed By:
Kyle E Deacon · License NM #15579
(505) 878-0100
Added: Feb 18
Changed: Nov 9
Last Checked: Nov 10 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1916, this four-unit property contains 3,135 square feet on a 0.15-acre lot. Its apartment mix includes three two-bedroom units and one one-bedroom unit, each with a distinct floor plan. Two apartments have a washer and dryer; another has washer and dryer hookups. The property also has zoning listed as R-MH*.
The building is at 907 Coal Avenue SW in downtown Albuquerque. Downtown restaurants, shops, and cultural amenities are within walking distance. Old Town Plaza, three area hospitals, and the UNM and CNM campuses are described as a short bike ride away.
The building is at 907 Coal Avenue SW in downtown Albuquerque. Downtown restaurants, shops, and cultural amenities are within walking distance. Old Town Plaza, three area hospitals, and the UNM and CNM campuses are described as a short bike ride away.
Key Highlights
- Four apartments: three two‑bedroom units and one one‑bedroom unit
- 3,135 square feet on a 0.15‑acre lot
- Built in 1916
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,618
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,856
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 Quadplexes in Albuquerque, NM
Properties on Market for Quadplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The four apartments comprise three two-bedroom units and one one-bedroom unit.
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: Four apartments: three two‑bedroom units and one one‑bedroom unit; 3,135 square feet on a 0.15‑acre lot; Built in 1916
