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426 Towner Avenue NW
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426 Towner Avenue NW
426 Towner Avenue NW
426 Towner Avenue NW
426 Towner Avenue NW
426 Towner Avenue NW
426 Towner Avenue NW
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426 Towner Avenue NW

Albuquerque, NM 87102

$565,000
1 bd • 1 ba • 3,191 sqft • 0.24 acres
1 Story
Stories
$177
Per SQFT
1946
Year Built
12/11/2025
Listing Date
1095527
Listing #
87102
Zip Code

About This Property

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.

Interior

Bathrooms Total: 1
Appliances: Free-Standing Gas Range, Range Hood
Laundry Features: Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Flooring: Carpet, Tile, Vinyl

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Building Area Total: 3,191 sqft
Year Built: 1946
Construction Materials: Block, Frame
Levels: One
Number Of Units Total: 6
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.24
Lot Size Square Feet: 10,454 sqft
Parking Total: 6

Provisional

MLS #: 1095527
Gross Income: 56316
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 3
Operating Expense: 22462
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Electricity, Gas

Area And Schools

City: Albuquerque
Postal Code: 87102
MLS Area Major: Near North Valley
Subdivision: Towner Add
County: Bernalillo
Parcel Number: 101405927228422138

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling: Window Unit(s)
Heating: Wall Furnace
Heating (Y/N): Yes

Location

Directions: From the I-25/I-40 ''Big I, '' head north on I-25 and take the Menaul Blvd exit (Exit 226A). Go west on Menaul about 1.3 miles to 4th St NW, then turn left (south) onto 4th. After one block, turn right (west) onto Towner Ave NW; the property at 426 Towner Ave NW is on that block.

Mortgage Calculator

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** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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Listing courtesy of Weichert, Realtors Image
Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550