Four-Unit Historic
For Sale
$789,000
907 Silver Avenue SW, Albuquerque, NM 87102
ResidentialIncome, Albuquerque, NM
Property Size3,806 SF
Lot Size0.16 Acres
Price / SF$207.30
Days on Market64
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
Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 1, Bedroom 3, Bathroom 6, Basement
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
multiple 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: Oct 13
Last Checked: Oct 15 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 3,806-square-foot property on a 0.16-acre lot combines a two-story main residence with three one-bedroom, one-bath apartments. The 2,120-square-foot main home includes two primary suites, a half bath, an office or loft, and a basement with two additional rooms. Built in 1911, the property also has a separate laundry room serving the rentals, a bonus studio, and a one-car garage.
Outdoor features include garden areas, multiple decks, and gated off-street parking for two cars. The property is in downtown Albuquerque, near business, dining, and entertainment destinations.
Outdoor features include garden areas, multiple decks, and gated off-street parking for two cars. The property is in downtown Albuquerque, near business, dining, and entertainment destinations.
Key Highlights
- Four total residences: a two‑story main home and three one‑bedroom, one‑bath apartments
- 3,806 square feet on a 0.16‑acre lot
- Main home measures 2,120 square feet and includes two primary suites
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three one-bedroom apartments accompany a two-story main home with two primary suites.
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 $789,000.
What are key features of this property?
This property features: Four total residences: a two‑story main home and three one‑bedroom, one‑bath apartments; 3,806 square feet on a 0.16‑acre lot; Main home measures 2,120 square feet and includes two primary suites
