401 Vermont Street Ne Albuquerque, NM 87108

4 Units
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$389,000 Est. $1,432 / mo.*
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Property Type: Quadruplex
Status: Active
Year Built: 1958
Neighborhood: Mesa Verde Addition
Days on Website: 35

Courtesy of Real Broker, LLC.

Description

Exceptional 4plex offers an immediate, low-management cash flow stream with significant upside potential. 100% Occupancy with stable, reliable tenants who have expressed a strong desire to remain. Current rents are below market, providing an achievable rent increase strategy to boost the Cap Rate and overall ROI. Structured as tenant-paid utilities, minimizing landlord operating expenses and maximizing NOI. New sewer lines and a durable TPO membrane roof. Each unit offers highly desirable features including a small backyard and dedicated off-street parking, enhancing tenant retention. Strategically positioned near major economic and entertainment hubs with easy access to I-40. Showings will only be scheduled after an executed purchase agreement, and are subject to tenant availability.

Open House

Property Details and Features

  • FreeStandingGasRange
  • Disposal
  • Refrigerator
  • RangeHood
  • 1 total bathroom
  • 1 total bedroom
  • Built in 1958
  • Living area: 2719.0
  • 1 building
  • Levels: One
  • Patio
  • EvaporativeCooling
  • LeadBasedPaintDisclosure
  • Ranm2100Disclosure
  • None
  • Energy Generation: None
  • Patio/Porch Features: Patio
  • Lighting
  • Patio
  • Option
  • Laminate
  • Vinyl
  • WallFurnace
  • Listing ID: 1094694
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: Quadruplex
  • On market as of 2025-11-18
  • 35 days on market
  • Subdivision: Mesa Verde Addition
  • MLS Area (Major): 70 - Fairgrounds
  • County/Parish: Bernalillo
  • 0.16 acres
  • Sewer
  • TrashCollection
  • Water
  • Resale
  • Parcel Number: 101905743827110502
  • Annual Amount: $3,457.36
  • Legal Description: * 047 028MESA VERDE L47 & 48
  • Zoning description: R-ML*
  • Electricity
  • Gas
  • ElectricityConnected
  • NaturalGasConnected
  • SewerConnected
  • WaterConnected

Location

$389,000 - 401 Vermont Street Ne, Albuquerque, NM 87108
401 Vermont Street Ne Albuquerque, NM 87108
Subdivision: Mesa Verde Addition

Street View

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