134 S Rhode Island Street Se Albuquerque, NM 87108

4 Units
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$450,000 Est. $1,657 / mo.*
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Property Type: Quadruplex
Status: Active
Year Built: 1980
Neighborhood: Of Unity Add
Days on Website: 86

Courtesy of Berger Briggs RE & Prop Mgmt.

Description

Priced at $450,000, 134 Rhode Island St SE is a two-story fourplex located in Southeast Albuquerque. This 3,060 sq. ft. property offers four (4) 2-bedroom, 1-bathroom units on a 0.155-acre lot and is located near Central Ave, Zuni Rd, and major arterial routes, making it attractive to long-term renters.The property has a projected gross income of $57,600 annually. With estimated annual operating expenses of $36,122, the pro forma net operating income (NOI) is approximately $38.522, yielding a projected cap rate of 6.2%, with a 29.80% before tax IRR. This listing is part of a larger portfolio that includes two single-family income-producing homes. The seller is offering a Real Estate Contract REC at 5.5% to qualified investors.

Open House

Property Details and Features

  • Refrigerator
  • 1 total bathroom
  • 2 total bedrooms
  • Built in 1980
  • Living area: 3060.0
  • 1 building
  • Levels: Two
  • EvaporativeCooling
  • LeadBasedPaintDisclosure
  • Ranm2100Disclosure
  • Energy Generation: None
  • Tile
  • Vinyl
  • Wood
  • Central
  • ForcedAir
  • Gross Income: $58,800
  • Listing ID: 1094441
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: Quadruplex
  • On market as of 2025-11-14
  • 86 days on market
  • Subdivision: Of Unity Add
  • MLS Area (Major): 71 - Southeast Heights
  • County/Parish: Bernalillo
  • 0.16 acres
  • Sewer
  • TrashCollection
  • Water
  • 4 total parking spaces
  • Resale
  • Parcel Number: 101905731802440207
  • Annual Amount: $2,813.84
  • Zoning description: MX-L*
  • Electricity
  • Gas
  • CableConnected
  • ElectricityConnected
  • NaturalGasConnected
  • PhoneConnected
  • SewerConnected
  • WaterConnected
  • NetMeter

Location

$450,000 - 134 S Rhode Island Street Se, Albuquerque, NM 87108
134 S Rhode Island Street Se Albuquerque, NM 87108
Subdivision: Of Unity Add

Street View

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