426 Towner Avenue Nw Albuquerque, NM 87102

6 Units
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$565,000 Est. $2,080 / mo.*
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Property Type: Multifamily
Status: Active
Year Built: 1946
Neighborhood: Towner Add

Courtesy of Weichert, Realtors Image.

Description

Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.

Open House

Property Details and Features

  • FreeStandingGasRange
  • RangeHood
  • 1 total bathroom
  • 1 total bedroom
  • Built in 1946
  • Living area: 3191.0
  • 3 buildings
  • Levels: One
  • Construction Materials: Block, Frame
  • WindowUnits
  • LeadBasedPaintDisclosure
  • PrincipalIsRealEstateLicensed
  • Ranm2100Disclosure
  • None
  • Energy Generation: None
  • Operating: $22,462
  • Carpet
  • Tile
  • Vinyl
  • WallFurnace
  • Gross Income: $56,316
  • WasherHookup
  • DryerHookup
  • ElectricDryerHookup
  • Listing ID: 1095527
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: MultiFamily
  • On market as of 2025-12-11
  • Subdivision: Towner Add
  • MLS Area (Major): 101 - Near North Valley
  • County/Parish: Bernalillo
  • 0.24 acres
  • Sewer
  • TrashCollection
  • Water
  • 6 total parking spaces
  • Resale
  • Parcel Number: 101405927228422138
  • Annual Amount: $2,181.23
  • Zoning description: MX-M*
  • Electricity
  • Gas
  • ElectricityConnected
  • NaturalGasConnected
  • SewerConnected
  • WaterConnected

Location

$565,000 - 426 Towner Avenue Nw, Albuquerque, NM 87102
426 Towner Avenue Nw Albuquerque, NM 87102
Subdivision: Towner Add

Street View

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