Multifamily Commercial Real Estate for Sale in Albuquerque, New Mexico (NM)

Sale Multifamily

6720 Cochiti Rd SE

6720 Cochiti Rd SE, Albuquerque, NM 87108

$740.8K
4,300 SF building
0 ac

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excitedto bring to market such a high rate of return multi-family investment with an OPPORTUNITY FOR SELLER FINANCING.Located at 6720 Cochiti SE - just one block from historic Route 66 which contains the spine of Albuquerque's masstransit corridor. The state of NM has indicated they intend to redevelop the NM Fair grounds, located just north of this property with $200M of redevelopment that could include a stadium for NM United, as well housing retail and a complete mixed use community.6720 Cochiti SE offers a fantastic opportunity to capitalize on cross-community concentrationon improving the International District and the Fairgrounds neighborhoods. The compound of9 units has been totally updated and fortified by quality metal fencing and multiple secureddrive-thru & pedestrian gate entries. Inside the compound, residents enjoy meandering walk-ways to their unique casita-style 1 bedroom apartments, secured common patio space, acommon laundry room, and secured off-street parking. All apartments have been properlyupdated with quality, long-term finishes including thermal windows, luxury vinyl plank flooring,custom tile work, and contemporary fixtures.Do not miss out! This marketplace has not offered a 8%+ cap rate multi-family investment opportunity with Seller Financing Options in many decades - especially on a property that has already been so significantly updated! Updated 9-plex CompoundSeller Financing Available! Secure / gated on all sides with gated parking off AlleyUpdates include - thermal windows, TPO Roofs, exterior paint, new security fencing, and full apartment remodelsLarge with lots of additional spaceShared Common Laundry Room on SiteAll units with durable long-term finishes 8+ Cap Rate

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Sale Multifamily

205 Stanford Dr SE

205 Stanford Dr SE, Albuquerque, NM 87106

$510K
2,000 SF building
0 ac

INVESTMENT OPPORTUNITY NEAR UNM! This well-positioned fourplex offers an excellent opportunity for investors or owner-occupants seeking income potential in the highly desirable University area. The property features updated units, convenient off-street parking, and a prime location near UNM, CNM, Nob Hill, shopping, dining, and major transportation routes. Updates throughout help provide modern appeal while the four-unit configuration offers multiple income streams. A great opportunity to own a well-located multifamily property in a high-demand rental area. DO NOT DISTURB TENANTS. Buyer tour and inspections to be conducted at the same time once we have an executed contingency offer. DO NOT DISTURB TENANTS. Square footage is an estimate. Property has not been measured.Unit A - $975 per month/ month to month tenant/ TPO roofUnit B - $950 per month/year lease expires 8/27/2027/Unit B & C in same building Tar & gravel roofUnit C - $800 per month/month to month tenant/tar & gravel roof.Unit D - $1600 per month short term rental/occupied until 11/29/2026/tar & gravel roof. Short term expenses - electric $110, gas $20, wifi $90, TV subscriptions $25.All units are individually metered. Sewer line has been replaced to the connection in the street.

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Sale Multifamily

4Plex-Great Location-Turn Key!

622 Jefferson St NE, Albuquerque, NM 87110

$760K
3,116 SF building
0 ac

A rare opportunity in the heart of Albuquerque's Near Heights desirable very solid neighborhoods, a fully renovated fourplex that’s nothing short of spectacular.At its core is the main home in every sense: three bedrooms, two baths and more than 1,200 square feet of beautifully finished space, opening to a courtyard shaded by a mature tree, wrapped in warm cedar fencing for those Duke City evenings. Three additional units join it on the property, each renovated top to bottom. Nothing here was left half-finished, no deferred maintenance, no projects waiting, nothing to do, truly a turn the key setup.Two of the units are fully furnished and have been operated successfully as short-term rentals, giving this property a flexibility others do not have. Either continue that concept of STR, MTR (mid-term), traveling nurse market is abundant, especially with University of NM Hospital just down the street. Or simply convert the entire property into traditional long-term leases. Here’s an idea, live in the main home and let the other three units help carry the mortgage, or lease all four and let it work entirely on its own. Either way you are minutes from Nob Hill's restaurants and shops, Uptown's retail and offices, and immediate access to I-40, an established tree-lined pocket of the city that puts the whole metro within a short drive and keeps the hospitals, the university and the national labs close at hand.Also fantastic for that 1031 Exchange need, a turn-key Income-producing property and genuinely move-in ready. A true home, real income and a location like this rarely arrive in one package. 622 Jefferson St NE — Investment HighlightsTurnkey Investment - 1031 Option — move-in condition, no deferred maintenance, income from day one.$62,247 collected in the trailing twelve — documented on the seller's P&L, with for both STR (AirBnB) and leases in place at $3,050/month.$75,000 at long-term market rent — 10.13 GRM and a 6.35% cap, reached by leasing the two furnished units.Short-term, Mid-term or Long-term — two units furnished with STR booking history; UNM Hospital minutes away.Four units finance like a house — 30-year fixed, owner-occupied terms available. At five it's a commercial loan.$243.90/sf, $190,000 a door — within 7% of the highest price per unit this market has produced.Center of the city — Nob Hill, Uptown and I-40 minutes away; Kirtland, Sandia, three hospitals and UNM carry the rent roll.

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Sale InvestmentMultifamily

9607 Central NW

9607 Central Ave NW, Albuquerque, NM 87121

$1.4M
6,845 SF building
1 ac
7.80% cap rate

Investment sale opportunity at 9607 Central Ave NW in Albuquerque, New Mexico, comprising a multifamily property with 11 residential units and three RV pad sites. The property includes six buildings totaling approximately 6,845 square feet on two parcels totaling 1.3993 acres.The unit mix consists of two studios, five one-bedroom units, three two-bedroom units, and one three-bedroom house. Originally built in 1946, the property is zoned NR-BP and offers additional land for storage or potential future development, subject to applicable approvals.Located along historic Route 66, the property is within walking distance of El Mezquite Marketplace, Starbucks, and McDonald’s, with additional library and retail amenities a short drive away. The NR-BP zoning district accommodates a range of nonresidential uses, including office, commercial, research, industrial, distribution, showroom, processing, and institutional uses.The asking price is $1,427,100, with a reported 7.8% cap rate.

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Sale Multifamily

429 Chama St SE

429 Chama St SE, Albuquerque, NM 87108

$800K
0 ac

Owner financing available!21 unit apartment complex. Mixed Studio and 1 Bedrooms

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Sale Multifamily

MultiFamily / Townhouse Development Opportunity - 2307 Mountain Rd NW

2307 Mountain Rd NW, Albuquerque, NM 87104

$699K
1,698 SF building
1 ac

Rare infill redevelopment opportunity in Albuquerque’s highly desirable West Old Town area. Located at 2307 Mountain Rd NW, this approximately 0.72-acre property offers a compelling opportunity for a residential developer seeking a well-located site near Historic Old Town, the Sawmill District, Downtown Albuquerque, the Bosque and I-40.The property currently contains an approximately 1,698 SF residence and is being marketed for both its existing residential use and significant redevelopment potential. A conceptual site plan has been prepared illustrating a potential 10-townhome development with units of approximately 1,480 SF, garage and driveway parking, and internal access.Adding to the redevelopment potential, an attractive townhome project has already been successfully developed directly across Mountain Road, providing a strong neighborhood precedent for this type of residential product. The property is less than one mile from I-40 and offers convenient access to I-25 and the Albuquerque International Sunport.Offered at $699,000. Conceptual development plans are available upon request and are for illustrative purposes only. Buyer to independently verify zoning, allowable density, utilities, access, subdivision requirements and all governmental approvals necessary for Buyer’s intended use. ±0.72-acre / ±31,494 SF infill redevelopment opportunityConceptual plan illustrating potential for 10 townhomesConceptual units approximately 1,480 SF eachExisting ±1,698 SF residence provides potential interim useEstablished townhome development directly across Mountain RoadHighly desirable West Old Town / Rio Grande corridor locationMinutes from Historic Old Town, Sawmill District, Downtown and the BosqueLess than 1 mile from I-40 with convenient access to I-25Conceptual plan includes garage/driveway parking and internal accessOffered at $699,000Buyer to verify zoning, density and all development requirements

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