Historic 4-Unit
For Sale
$789,000
907 Silver Ave, Albuquerque, NM 87102
Two-story property combines a 2,120-square-foot main residence with three one-bedroom apartments and multiple outdoor areas.
Property Size3,806 SF
Price / SF$207.30
Days on Market64
Property Features for 907 Silver Ave
General Information
Standard status
Active
Size
3,806 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
4
Amenities
outdoor spaces
garden areas
multiple decks
bonus studio
Building Details
Year Built
1911
Buildings
2
Construction
Bungalow
Listing Agency:
Coldwell Banker Legacy
Listed By:
Patricia A Culp · License #36271
(505) 440-9895
Source:
Albuquerquehomefinders
Added: Aug 13
Changed: Oct 15
Last Checked: Oct 14 at 11:04PM
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 Coldwell Banker Legacy
Investment Insights
Based on property information with market context.
Built in 1911, this two-story quadplex at 907 Silver Ave in Albuquerque includes a 2,120-square-foot main residence alongside three one-bedroom, one-bath apartments. The primary home features two primary suites, an open living area, custom fireplace, updated kitchen with custom cabinetry, stainless steel appliances, granite countertops, and a large island. Additional space includes a half bath with laundry, office or loft area, basement rooms, and a separate laundry room serving the rentals.
Outdoor improvements include multiple decks, garden areas, a one-car garage, gated off-street parking for two cars, and a bonus studio. The property is located in Downtown Albuquerque near business, dining, and entertainment uses. One apartment is attached to the main house, while two are located in the rear unit.
Outdoor improvements include multiple decks, garden areas, a one-car garage, gated off-street parking for two cars, and a bonus studio. The property is located in Downtown Albuquerque near business, dining, and entertainment uses. One apartment is attached to the main house, while two are located in the rear unit.
Key Highlights
- Four‑unit configuration with a 2,120SF main residence and three 1 bd 1 ba apartments
- Built in 1911 with two primary suites in the main home
- Updated kitchen with custom cabinets, SS appliances, granite, and a large island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,744
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,880
$694.9K
Cap Rate 7%
$496,343
$496.3K
Cap Rate 9%
$386,044
$386.0K
Market Conditions
NOI Build-Up for 3,806 SF
Gross rent
$52.5K $13.80/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$49.6K $13.04/SF
− OpEx
−$14.9K −$3.91/SF
NOI
$34.7K $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%
$694,880
Cap Rate 7%
$496,343
Cap Rate 9%
$386,044
Alternative Uses
Best Use
Multifamily LT 5
$496.3K
$434.3K – $579.1K
NOI $34,744 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$459.3K
$401.9K – $535.8K
NOI $32,148 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$920.7K
$805.7K – $1.07M
NOI $64,452 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story property combines a 2,120-square-foot main residence with three one-bedroom apartments and multiple outdoor areas.
Where is this quadplex located?
The property is located at 907 Silver Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Four‑unit configuration with a 2,120SF main residence and three 1 bd 1 ba apartments; Built in 1911 with two primary suites in the main home; Updated kitchen with custom cabinets, SS appliances, granite, and a large island
