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123 General Arnold Street NE
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123 General Arnold Street NE

Albuquerque, NM 87123

$360,000
1 bd • 1 ba • 3,060 sqft • 0.17 acres
1 Story
Stories
$118
Per SQFT
1956
Year Built
03/13/2026
Listing Date
1099819
Listing #
87123
Zip Code

About This Property

This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.

Interior

Bathrooms Total: 1
Appliances: Free-Standing Electric Range, Refrigerator
Flooring: See Remarks

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Property Sub Type Additional: Multi Family
Building Area Total: 3,060 sqft
Year Built: 1956
Levels: One
Number Of Units Total: 4
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.17
Lot Size Square Feet: 7,492 sqft

Provisional

MLS #: 1099819
Listing Terms: Cash, Conventional, FHA
Number Of Buildings: 1
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Other, See Remarks

Area And Schools

City: Albuquerque
Postal Code: 87123
MLS Area Major: Northeast Heights
Subdivision: Dennison Add
County: Bernalillo
Parcel Number: 102005708208030909

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling: Evaporative Cooling
Heating: Forced Air
Heating (Y/N): Yes

Location

Directions: Located nearest the intersection of Wyoming and Central

Mortgage Calculator

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

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Listing courtesy of Keyway Properties, Inc
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