11-Unit Apartment
New
For Sale
$1,427,100
9607 Central Avenue NW, Albuquerque, NM 87121
ResidentialIncome, Albuquerque, NM
Property Size6,845 SF
Lot Size1.40 Acres
Price / SF$208.49
Days on Market5
Property Features for 9607 Central Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
NR-BP*
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 5, Bedroom 2
Appliances
Dishwasher, Refrigerator
Directions
West on Central Ave NW (Historic Route 66) on Albuquerque's west side; property at 9607 Central Ave NW.
Subdivision
92 - Southwest Heights
Standard status
Active
APN
100905712406830432
Lot size
1.40 Acres
Taxes and HOA fees
Tax Annual Amount
5921
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Amenities
mini splits
vinyl plank flooring
washer/dryer hookups
Building Details
Year built
1946
Floors in Building
1
Number of units
11
Flooring type
Vinyl, Wood
Listing Agency:
Maestas Real Estate Services
Listed By:
Anita Maestas · License #16029
(505) 463-3565
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 7:06PM
MLS# 1112319
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 Albuquerque apartment property consists of six buildings with 11 residences: two studios, five one-bedroom units, three two-bedroom units, and a three-bedroom house. Each residence has ductless heating and cooling and vinyl plank flooring. Washer and dryer connections are available in units 7–11; units 1–6 have neither appliances nor hookups. Off-street parking serves the property, and leases have a one-year minimum, with some units on month-to-month terms.
The property is on Central Avenue NW along Route 66, near El Mezquite Marketplace, Starbucks, and McDonald’s. It also includes three RV pad sites currently leased.
The property is on Central Avenue NW along Route 66, near El Mezquite Marketplace, Starbucks, and McDonald’s. It also includes three RV pad sites currently leased.
Key Highlights
- 11 residences across six buildings, including a three‑bedroom house
- Unit mix: 2 studios, 5 one‑bedroom units, 3 two‑bedroom units, and 1 three‑bedroom house
- Three RV pad sites are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,025
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,500
$1.1M
Cap Rate 7%
$814,643
$814.6K
Cap Rate 9%
$633,611
$633.6K
Market Conditions
NOI Build-Up for 6,845 SF
Gross rent
$110.9K $16.20/SF
− Vacancy
−$7.2K −$1.05/SF
EGI
$103.7K $15.15/SF
− OpEx
−$46.7K −$6.82/SF
NOI
$57.0K $8.33/SF
Area
ZIP 87121
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,500
Cap Rate 7%
$814,643
Cap Rate 9%
$633,611
Alternative Uses
Best Use
Apartment 5plus
$814.6K
$712.8K – $950.4K
NOI $57,025 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,405 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 87121, NM
77,802
Population
26,118
Households
3
Avg Household Size
31
Median Age
13%
College-Educated
80%
High-School Grad
336.9 sq mi
ZIP Area
231
Density / Sq Mi
$59,184
Median Household Income
$34,738
Median Earnings
$1,277
Median Rent
$192,500
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six buildings combine varied apartment layouts with individual ductless heating and cooling systems.
Where is this apartment building located?
The property is located at 9607 Central Avenue NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,427,100.
What are key features of this property?
This property features: 11 residences across six buildings, including a three‑bedroom house; Unit mix: 2 studios, 5 one‑bedroom units, 3 two‑bedroom units, and 1 three‑bedroom house; Three RV pad sites are leased
