126 Altez Street NE
Albuquerque, NM 87123
$375,000
2 bd • 1 ba • 3,072 sqft • 0.19 acres
2 Story
Stories
$122
Per SQFT
1977
Year Built
03/06/2026
Listing Date
1099820
Listing #
87123
Zip Code
About This Property
This four-unit apartment building offers a strong investment opportunity with a current 9.39% cap rate at full asking price. The property features four residential 2 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. A new roof was installed August of 2023 Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.
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:
3,072 sqft
Year Built:
1977
Construction Materials:
Frame, Stucco
Levels:
Two
Number Of Units Total:
4
Stories:
2
Property Condition:
Resale
Exterior And Lot
Lot Size Acres:
0.19
Lot Size Square Feet:
8,102 sqft
Provisional
MLS #:
1099820
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:
Buena Ventura
County:
Bernalillo
Parcel Number:
102005734304640324
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Forced Air
Heating (Y/N):
Yes
Location
Directions: From the Intersection of Central and Eubank head west till you get to Altez, take a right. Property is on the right.
Mortgage Calculator
$
$
%
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
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.
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
Real Estate Broker in Albuquerque, NM