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134 S Rhode Island Street SE
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134 S Rhode Island Street SE
134 S Rhode Island Street SE
134 S Rhode Island Street SE
134 S Rhode Island Street SE
134 S Rhode Island Street SE
134 S Rhode Island Street SE
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134 S Rhode Island Street SE

Albuquerque, NM 87108

$450,000
2 bd • 1 ba • 3,060 sqft • 0.16 acres
2 Story
Stories
$147
Per SQFT
1980
Year Built
11/14/2025
Listing Date
1094441
Listing #
87108
Zip Code

About This Property

Priced at $450,000, 134 Rhode Island St SE is a two-story fourplex located in Southeast Albuquerque. This 3,060 sq. ft. property offers four (4) 2-bedroom, 1-bathroom units on a 0.155-acre lot and is located near Central Ave, Zuni Rd, and major arterial routes, making it attractive to long-term renters.The property has a projected gross income of $57,600 annually. With estimated annual operating expenses of $36,122, the pro forma net operating income (NOI) is approximately $38.522, yielding a projected cap rate of 6.2%, with a 29.80% before tax IRR. This listing is part of a larger portfolio that includes two single-family income-producing homes. The seller is offering a Real Estate Contract REC at 5.5% to qualified investors.

Interior

Bathrooms Total: 1
Appliances: Refrigerator
Flooring: Tile, Vinyl, Wood

Building And Construction

Property Type: Residential Income
Property Sub Type: Quadruplex
Property Sub Type Additional: Quadruplex
Building Area Total: 3,060 sqft
Year Built: 1980
Builder Name: NA
Levels: Two
Number Of Units Total: 4
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16
Lot Size Square Feet: 6,752 sqft
Parking Total: 4

Provisional

MLS #: 1094441
Gross Income: 58800
Listing Terms: Cash, Owner May Carry
Number Of Buildings: 1
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Electricity, Gas

Area And Schools

City: Albuquerque
Postal Code: 87108
MLS Area Major: Southeast Heights
Subdivision: Of Unity Add
County: Bernalillo
Parcel Number: 101905731802440207

Utilities

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Heating (Y/N): Yes
Electric: Net Meter

Location

Directions: Zuni and Wyoming. go south on Wyoming to Rhode Island. Right on Rhode Island

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 Berger Briggs RE & Prop Mgmt
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