The current inventory of Multifamily Properties for Sale in Albuquerque, NM is below 100.

Some investors believe that Multifamily and Apartment buildings are the best investment because they are easy to find, easy to analyze, everyone needs a place to live, banks love to lend on them, and they’re great cash flow generators – especially now that prices and interest rates are down! Multifamily Properties for Sale in Albuquerque, NM up to a total of 4 Units/Apartments can be financed through a Residential Loan, basically just like you are buying a Single Family Residence!

For a new investor they are easy to analyze and manage. I do recommend having a good Property Management Company like LOE Property Management in place to make your life a lot easier and still have the benefits of positive cash flow. For an experienced investor Multifamily and Apartment buildings are straightforward to manage and you can set up business systems to automate and delegate the mundane day-to-day tasks of owning apartment buildings or hire a Property Management Company. Once one is started it is relatively simple to buy more and more apartment units and build up a nice, cash flowing portfolio.

The value of an apartment building is driven by its net operating income (NOI), the amount of income left after all expenses are paid. The more money the building spits out after all expenses, the more it’s worth.

In many parts of the country, a building is worth 10 times its net operating income. This “10 times multiplier” is referred to as the “capitalization” or “cap rate” for short. Cap Rates for Multifamily Properties for Sale in Albuquerque, NM vary and are on average between 6 and 8 percent.

Call or email Franz with any questions.

The inventory of Multifamily Properties for Sale in Albuquerque, NM is currently very low at below 100. Rio Rancho has a very limited supply at less than 10 properties currently for sale.

Featured Fourplex, SOLD $225,000 list price: 10789 Towner Ave NE

To find all listed Apartment Buildings and Multifamily Properties for Sale in Albuquerque, NM please use the map below!

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12008 Phoenix Avenue Ne Albuquerque, NM 87112

$3,600,000
30 Units
Status Active
MLS # 912647
Property Type 9 Or More Units
Amazing property contains ownership style, two story townhouse units with 2 bedrooms, 1.5 bathrooms, laundry room and private back patio/area.Located in NE heights - close to foothills, schools, shopping, restaurants with easy access to Interstate 40.Property is two adjacent properties - 8 formerly condo units at 2306 Chelwood NE, and 22 units at 12008 Phoenix NE. (see page 2 of the flyer for aerial guide).Measure of investment performance at current average rent of $849, include GRM of 11.77, 5.30% Cap rate after reserves, 8.31% cash on cash, and after tax IRR of 12.50%. If rents are moved to market of $963, MIP improves to 10.62 GRM, 6.30% Cap rate after reserves, 12.20% cash on cash and 31.60% IRR.

419 Monroe Street Ne Albuquerque, NM 87108

$3,495,000
50 Units
Status Pending
MLS # 847327
Property Type 9 Or More Units
Based on the ask price of $3,495,000 and an average rent of $618 ($0.95/sf), the property offers a 6.60% Cap rate, 8.98% cash con cash, 17.40% before tax IRR, and a 13.80% after tax IRR. Based on proforma rents of $739, the property could be a 8.57% CAP rate, 17.20% cash on cash, and astronomical IRR.Adjoining recently renovated property that is current collecting rents between $775 to $1,075.The high walk score (72) and bike score (79) is reflective of the Nob Hill lifestyle which offers millennials and baby boomers over 80 restaurants, a Sprouts grocery market and easy access to the UNM and CNM campuses.

4322 4 Th Street Nw Albuquerque, NM 87107

$2,530,000
24 Units
Status Pending
MLS # 907126
Property Type 9 Or More Units
Amazing mixed use property new(er) construction on historic Route 66 (pre-1937) / Fourth Street. Lobby, Elevator, garage space, carports, secure parking, elevator and so much more.

2929 Monte Vista Boulevard Ne Albuquerque, NM 87106

$1,631,824
7 Units
Status Active
MLS # 909945
Property Type 7 Units
Amazing building - like new construction - renovated ground up in 2010. You have hit the Trifecta for walk (90), bike (96) and transit (50) scores, scoring in the top 10% for each. Across the street from UNM and just south of the nob-hill gateway and Route 66.Seven (7) units total - two (2) retail spaces on ground floor, plus five (5) furnished apartments that can be live/work or vacation rental (property has 5 year history of master leased to vacation rental operator).3rd floor penthouse apartment has views 360 of the city and seating for 50!Mixed use property is exactly what the millennial generation is looking for.Measure of investment performance at list price of $1,631,824 include, price per unit of $233,118, $/sf of $301.07, GRM of 11.65, Cap Rate before reserves of 5

510 2nd Street Nw Albuquerque, NM 87102

$1,495,000
18 Units
Status Pending
MLS # 906946
Property Type 9 Or More Units
Amazing value add opportunity to own a historic part of ABQ's skyline at a price under last appraisal (last appraisal was $1.7M, ask price is $1.495M) . Currently broken up into 18 spaces, but owner has plans for 15 more units - including pent house apartments on each floor of the tower.Property currently pending subject to inspections and financing. Owner is encouraging backup offers.

210 Sixth & 517 Silver Sw Albuquerque, NM 87102

$1,200,000
15 Units
Status Active
MLS # 871995
Property Type 9 Or More Units
On behalf of the owners, NM Apartment Advisors Inc., is pleased to present a rare opportunity to acquire an assembled quarter block of downtown Albuquerque. This site and 15 unit community offers the trifecta in high walk score (93), bike score (77) and transit score (57), making it an ideal location for a millennial redevelopment. Priceless zoning in the Downtown 2025 District allows heights up to 40 stories and fast track city approval.Income producing until you are ready to replace the property.Priced at 2015 appraisal.Located in Downtown 2025 District, one block from historic Route 66, and embedded in Albuquerque's tallest buildings and 25,000 jobs.Over 100 restaurants within a one mile radius, 9 new brew pubs, 8 new coffee shops.

5800 Central Avenue Sw Albuquerque, NM 87121

$975,000
16 Units
Status Active
MLS # 912482
Property Type 9 Or More Units

2211 Rio Grande Boulevard Nw Albuquerque, NM 87104

$850,000
26 Units
Status Active
MLS # 909559
Property Type 9 Or More Units
Built in phases between 1966 to 1974, this apartment community is in DIRE need or renovation work and represents a value add opportunity or a complete scrape, take advantage of the new zoning (R-MH from R-3) and almost double the number of dwelling units on site.This property is not for a timid, inexperienced buyer, but rather an experienced, seasoned developer/operator. 2 of the 3 main apartment buildings have been vacated due to structural issues. Please review the document center with the flyer, APOD, property info (note disclosure of major structural issues) and bid process info.Embedded in the high barrier to entry submarket known as the North Valley, the property offers a rare opportunity to own an (almost) one acre site zoned for apartments. Houses in area up to $998

5431 Central Avenue Nw Albuquerque, NM 87105

$800,000
34 Units
Status Active
MLS # 919044
Property Type 9 Or More Units
Incredible opportunity with 34 units in 6 buildings which includes 1 free-standing commercial building. There is also an additional free-standing building not being used. The commercial building houses a tattoo parlor. The property boasts a cap rate of 13.50%. There are 9 studios w/o stove; 16 studios with stove; 2 larger studios; 2 2BR 1BA; 4 1BR 1BA; 1 commercial space. Owner financing is possible

1321 San Mateo Boulevard Se Albuquerque, NM 87108

$699,000
10 Units
Status Active
MLS # 917592
Property Type 9 Or More Units

325 Washington Street Se Albuquerque, NM 87108

$650,000
6 Units
Status Active
MLS # 911197
Property Type 6 Units
Ungraded units in Nob hill area with Granite counter tops with tiled floors. Do not disturb Tenants .Call listing agent to show property. See attached APOD

517 Silver Avenue Sw Albuquerque, NM 87102

$650,000
7 Units
Status Active
MLS # 852276
Property Type 7 Units
With a Walk score of 98, a Transit Score 57, and a Bike Score 92, this is one of the most millennial friendly apartment locations in Albuquerque. Located near 100+ restaurants, 200+ retail businesses one half block from Rapid Ride stop, five blocks from the Rail Runner and within a mile of two grocery stores (one opens Q1-2016).This 100+ year old apartment contains one large 3 bedroom home, 2 small one bedroom one bath units, and 4 studios that share a kitchen and bathroom. The interior oozes history with hardwood floors, exposed brick walls, built-ins, and a claw-foot tub.2015 MAI Appraisal at $650,000.Adjacent property 210-230 6th SW is also available for sale - 8 units for $550,000 - both can be developed in Downtown 2025 plan up to 40 stories.