Historic Four-Unit
For Sale
$797,000
907 Silver Avenue SW, Albuquerque, NM 87102
ResidentialIncome, Albuquerque, NM
Property Size3,806 SF
Lot Size0.16 Acres
Price / SF$209.41
Days on Market17
Property Features for 907 Silver Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-MH*
Bedrooms
5
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2
Exterior features
Lighting
Fireplace
1
Appliances
Dishwasher, FreeStandingGasRange
Subdivision
Raynolds Addition
Directions
From Lead and 9th SW: North to Silver Ave; West to property on your right. or From Central and 10th SW: South to Silver Ave; East to property on your left. NO SIGN ON THE PROPERTY
Standard status
Active
APN
101305749440013204
Size
3,806 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
15650
Utilities
Heating system
Hot Water(Heating), Radiant
Cooling system
Window Unit(s)
Amenities
garden areas
decks
Building Details
Year built
1911
Floors in Building
2
Number of units
4
Flooring type
Tile, Laminate, Wood, Carpet
Building materials
Brick, Frame, Stucco
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 293-3700
Listed By:
Patricia A Culp · License #36271
(505) 440-9895
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 1109166
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.
Built in 1911, this 3,806-square-foot quadplex combines a 2,120-square-foot two-story primary residence with three one-bedroom, one-bath apartments. The main residence includes two primary suites, a half bath with laundry, an office or loft area, basement bonus rooms, an updated kitchen with custom cabinetry, stainless steel appliances, granite countertops, and a large island. A fireplace, wood and tile flooring, radiant heating, and window-unit cooling are also present.
The three apartments include one attached unit and two units in a rear building. The 0.16-acre property features landscaped outdoor areas, multiple decks, a one-car garage, gated off-street parking for two vehicles, and a studio. Its Downtown Albuquerque location places the property near business, dining, and entertainment uses.
The three apartments include one attached unit and two units in a rear building. The 0.16-acre property features landscaped outdoor areas, multiple decks, a one-car garage, gated off-street parking for two vehicles, and a studio. Its Downtown Albuquerque location places the property near business, dining, and entertainment uses.
Key Highlights
- 3,806‑square‑foot quadplex on a 0.16‑acre lot
- 2,120‑square‑foot two‑story primary residence
- Three 1‑bedroom, 1‑bath apartments
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
$34,744
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
4.36%
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%
$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
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
$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 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%
$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 4.36%
Second Best
Apartment 5plus
$459.3K
$401.9K – $535.8K
NOI $32,148 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$920.7K
$805.7K – $1.07M
NOI $64,452 @ 7.0% cap · market cap 8.09%
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
3,284
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
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Frequently Asked Questions
What type of property is this?
Quadplex - 1911-built residential income property with a two-story primary residence, three apartments, outdoor areas, and gated parking.
Where is this quadplex located?
The property is located at 907 Silver Avenue SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $797,000.
What are key features of this property?
This property features: 3,806‑square‑foot quadplex on a 0.16‑acre lot; 2,120‑square‑foot two‑story primary residence; Three 1‑bedroom, 1‑bath apartments
