The current inventory of Multifamily Properties for Sale in Albuquerque, NM is below 200.

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

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13101 Wenonah+ 13100 220 Dorado Avenue Se, Albuquerque

120 Units
Status Pending
MLS # 869534
Property Type 9 Or More Units
Amazing property and rare opportunity to invest in a value add deal. - 14.63% cash on cash with new Freddie Mac - 10 year ownership - eligible for 4% renovation/rehab tax credits - 3 property portfolio allows for flexible exit strategy - Acquire well below replacement cost - Rents are 14% below submarket - Competing properties are charging for RUBs - Potential after tax IRR of 24.90%

419 Monroe Street Ne Albuquerque, NM 87108

50 Units
Status Active
MLS # 847327
Property Type 9 Or More Units
Originally built in 1960, many of the one bedroom one bathroom units have the original 60's decor and offer an abundance of storage and natural lighting. Possible interior upgrades include adding dishwashers, garbage disposals and updating surfaces. Possible exterior upgrades include moving to refrigerated package hvac units, solar carports, community gardens, and bike facilities.Based on the ask price of $3,250,000 and an average rent of $608 ($0.99/sf), the property offers a 6.96% Cap rate, 10.76% cash con cash, 18.9% before tax IRR, and a 14.3% after tax IRR. Based on proforma rents of $739, the property could be a 8.95% CAP rate, 20.69% cash on cash, and astronomical IRR.Adjoins recently renovated property that is current collecting rents between $775 to $1,075.

4322 4 Th Street Nw Albuquerque, NM 87107

24 Units
Status Active
MLS # 907126
Property Type 9 Or More Units

510 2nd Street Nw Albuquerque, NM 87102

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

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 87105

16 Units
Status Pending
MLS # 900188
Property Type 9 Or More Units
Sixteen Apartments with 127 Storage units,

701 Roma Avenue Nw Albuquerque, NM 87102

8 Units
Status Active
MLS # 883301
Property Type Other - See Remarks
The Mauger Mansion is a significant MetroABQ property: a beautifully restored 121 year old historic Queen Anne Victorian Mansion, with period architecture including classic turn-of-the-century sleeping porches, stunning wraparound front Porch, private Balcony, decorative gables & brickwork, half-timbered Pilasters, a wonderful entry banister & more. Currently a busy 8-Room Bed & Breakfast, with access to 2 adjacent extended-stay 2bed/2bath townhomes, rented by the Mauger business. Unique B&B rooms include private baths, period antiques, Dog Room with private courtyard, Suite-room & Balcony Room; 2 courtyards, a full kitchen, cozy Parlor. Can be a phenomenal 3-story personal residence again, or continue to thrive as a busy B&B. Owner financing/real estate contract--very reasonable terms.

144 Vineyard Road Nw Albuquerque, NM 87107

3 Units
Status Active
MLS # 899533
Property Type House Plus Unit(s)
+++++Owner Financing++++++This listing is also listed as individual properties in case your confused on price. Buy all or part. This listing includes 3 homes and just under 4 acres.MLS numbers 897913, 897989.

1300 Coal Avenue Sw Albuquerque, NM 87102

8 Units
Status Pending
MLS # 888188
Property Type 8 Units
Two four plexes in downtown Albuquerque - hardwood floors, attractive interiors, although the Seller is interested in selling all 8 units at the same time, the Seller is open to selling each fourplex separately, with the intention of having a similar closing timeframe for each buyer to allow the Seller to complete a 1031 exchange. Measures of investment performance: 6.34% Cap rate, 8.18 cash on cash, 21.2% before tax IRR and 17.1% after tax IRR.Tour rescheduled due to rain on 4/25 at noon, email LA for new tour date and offer deadline.

517 Silver Avenue Sw Albuquerque, NM 87102

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.

332 Jefferson Street Ne Albuquerque, NM 87108

12 Units
Status Pending
MLS # 904758
Property Type 9 Or More Units
12 Updated units in Nob Hill/UNM area. Updated 1 and 2 bedroom apartments featuring hardwood floors, bright white cabinets and modern bathrooms with full tile showers. Select units with fireplace. Open and spacious floor plans, modern baths, bright space with large windows all in a gated entrance. On-site laundry and garages.This Nob Hill community features residential courtyard with lush landscaping, on-site laundry facility and is close to Sprouts Farmers Market, UNM and public transportation on Lomas Blvd and Central Ave.Fully Rented!Please do not disturb tenants.

335 Espanola Street Ne Albuquerque, NM 87108

12 Units
Status Active
MLS # 902795
Property Type 9 Or More Units
Nice 12 unit apartment complex, 100% occupied. Property across La Mesa Elementary school and La Mesa Presbyterian church. Close to the Fairgrounds, shopping center with easy access to I-40.