Albuquerque, NM Triplexes for Sale

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Updated: Aug 17

Triplex Requiring Extensive Repairs

336 Rhode Island Street NE, Albuquerque, NM 87108

$255,000

2,375 sqft 0.16 AC lot

Triplex property with 2,375 square feet of building area
Situated on a 0.16‑acre lot
Built in 1957
City‑cited as substandard and not safe to enter
Repair needs include roof, plumbing, flooring, paint, and water damage remediation

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336 Rhode Island Street NE, Albuquerque, NM 87108

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$22K
Annual
Price @ 7% Cap

$310K
Above asking
Property Type

Parcels With Improvements, Use Not Specified
Built 1957

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Updated: Aug 12

Updated Triplex with Owner's Unit

2905 Palo Verde Drive NE, Albuquerque, NM 87112

$625,000

3,400 sqft 0.19 AC lot

Three‑unit triplex totaling 3,400 square feet
Owner's unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage
Each unit features a fireplace
New TPO roof installed in 2024
Units updated in 2026 with flooring, paint, and refinished cabinets

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7-Unit Multifamily Property

1003-1005 Carlisle Boulevard SE, Albuquerque, NM 87106

$994,495

4,805 sqft 0.18 AC lot

Two separate parcels combine updated apartments with private yard areas and in-unit laundry.

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Courtyard-Style Triplex

533 Valencia Drive SE, Albuquerque, NM 87108

$331,592

1,929 sqft 0.16 AC lot

Income-producing triplex with renovated interiors, shared courtyard character, private patios, and off-street parking.

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Updated 7-Unit Multifamily Compound

1003-1005 Carlisle Blvd, Albuquerque, NM 87106

$1,008,490

4,805 sqft

Two parcels combine a fourplex and triplex with refreshed interiors and private outdoor areas.

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Tri-Plex With Private Entrances

508 Walter Street SE, Albuquerque, NM 87102

$549,000

1,372 sqft 0.12 AC lot

Turn-key tri-plex with three one-bedroom, one-bath units, private entrances, and off-street parking with a fenced yard.

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Remodeled Triplex with Updated Systems

1609 Lundy Lane SW, Albuquerque, NM 87105

$465,000

2,766 sqft 0.28 AC lot

Three residential units offer refreshed interiors, newer appliances, and dedicated parking for multiple vehicles.

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Updated Triplex with Owner’s Unit

2905 Palo Verde Dr, Albuquerque, NM 87112

$625,000

3,400 sqft

Three-unit property with refreshed interiors, fireplaces, and an owner’s residence with attached garage.

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Historic Ranch-Style Triplex with Casitas

24 Matisse Road NE, Albuquerque, NM 87123

$1,249,000

8,134 sqft 10.71 AC lot

Historic ranch-style triplex with two casitas, each with a private entry and courtyard, plus patio and propane heating.

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Updated Triplex with In-Unit Washer/Dryers

1003 Carlisle Boulevard SE, Albuquerque, NM 87106

$479,995

2,156 sqft 0.18 AC lot

Updated triplex built in 1947 with in-unit washer/dryers and patio space, positioned for close access to UNM and I-25.

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Three-Unit Residential Property

4013 Thaxton Ave Se, Albuquerque, NM 87108

$525,000

2,734 sqft

Triplex with two two-bedroom homes and one one-bedroom residence, each equipped with an in-unit washer and dryer.

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Triplex with Two-Bedroom Units

525 Valencia Drive SE, Albuquerque, NM 87108

$395,000

2,320 sqft 0.16 AC lot

Three rental units in good condition with two bedrooms, one bath, and parking for each unit.

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Triplex with TPO Roof

119 Charleston Street SE, Albuquerque, NM 87108

$299,000

1,784 sqft 0.16 AC lot

All units are fully rented in this turnkey triplex with ductless mini-split heating and cooling.

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Updated Triplex With Private Entrances

508 Walter St, Albuquerque, NM 87102

$549,000

1,372 sqft

Three one-bedroom apartments provide separate access, off-street parking, and a fenced yard.

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Single-Story Triplex

325 Tennessee Street NE, Albuquerque, NM 87108

$299,900

2,304 sqft 0.16 AC lot

Three tenant-occupied residences offer private yards, dedicated parking, and practical unit layouts.

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Three-Structure Triplex Property

120 Veranda Road NW, Albuquerque, NM 87107

$229,900

0.27 AC lot

Three residential structures occupy one parcel with stucco construction and tile flooring.

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Remodeled Triplex With Updated Systems

1609 Lundy Ln Sw, Albuquerque, NM 87105

$465,000

2,766 sqft 0.28 AC lot

Three residential units offer varied layouts, recent improvements, and parking for two or more vehicles per unit.

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Leased Triplex with Courtyard

816 Ortiz Drive SE, Albuquerque, NM 87108

$342,000

2,470 sqft 0.16 AC lot

Separate residential units include outdoor spaces and dedicated parking.

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Triplex With Courtyard

816 Ortiz Dr SE, Albuquerque, NM 87108

$342,000

2,470 sqft

Three leased units with varied private outdoor areas, parking, storage, and a garage-workshop configuration.

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Tenant-Occupied Triplex

425 Fitzgerald Road NW, Albuquerque, NM 87107

$499,000

1,898 sqft 0.20 AC lot

Tenant-occupied triplex built in 1940 with wood flooring and a fully updated single-family home plus duplex units.

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Triplex With Two Casitas

24 Matisse Rd, Albuquerque, NM 87123

$1,249,000

8,134 sqft

Multi-structure residential property with separate entries, private driveways, courtyards, and A-2 zoning across an expansive acreage setting.

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Updated Quadplex Compound

1003 Carlisle Blvd SE, Albuquerque, NM 87106

$1,008,490

4,805 sqft

R-MH-zoned multifamily compound combines refreshed apartments with private outdoor areas, storage, and off-street parking.

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Three-Unit Multifamily Property

525 Valencia Dr Se, Albuquerque, NM 87108

$395,000

2,320 sqft

Well-maintained triplex with consistent two-bedroom layouts, private storage, and dedicated parking for each residence.

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Three-Unit Triplex with Garage

4609 Douglas MacArthur Rd NE, Albuquerque, NM 87110

$499,000

2,438 sqft

Three residential units include two-bedroom layouts, laundry features, and a one-car garage serving one residence.

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Albuquerque, NM Triplexes Market Trends and Statistics

Explore 33 triplexes for sale in Albuquerque, NM, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 86,212 square feet of properties for sale, with an estimated market value of $15,279,862.

Sale prices for three-family homes in Albuquerque, NM start at $229,900, averaging $545,709, and reaching up to $1,249,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 711K

Population Growth (5Y) +0.2%

Median Household Income $69,705

College Educated 23.2%

High-Yield Neighborhoods for Investment

Identify Albuquerque submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
87108	$301K
87105	$480K
87106	$484K
87107	$499K
87102	$542.1K

Taxes & Financing

Tax Rate (average for all types) 4.89%

Property Tax per SF $70.21 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Bernalillo County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Albuquerque fall within the 100,000+ square foot range.

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Albuquerque, NM Triplexes for Sale

336 Rhode Island Street NE, Albuquerque, NM 87108

2905 Palo Verde Drive NE, Albuquerque, NM 87112

1003-1005 Carlisle Boulevard SE, Albuquerque, NM 87106

533 Valencia Drive SE, Albuquerque, NM 87108

1003-1005 Carlisle Blvd, Albuquerque, NM 87106

508 Walter Street SE, Albuquerque, NM 87102

1609 Lundy Lane SW, Albuquerque, NM 87105

2905 Palo Verde Dr, Albuquerque, NM 87112

24 Matisse Road NE, Albuquerque, NM 87123

1003 Carlisle Boulevard SE, Albuquerque, NM 87106

4013 Thaxton Ave Se, Albuquerque, NM 87108

525 Valencia Drive SE, Albuquerque, NM 87108

119 Charleston Street SE, Albuquerque, NM 87108