$479,900
Listed on May 8, 2026
6 bds · 4 ba · 3,080 sqft
11009 Towner Avenue NE, Albuquerque, 87112
Call/text
(505) 521 8550
us for more information
2616 Muriel Street NE
Albuquerque, NM 87112
This property is not for sale.
Sold on 06.24.2026 for $490,000
3
Beds
2
Baths
3,003
SqFt Home
1
Story
1978
Year Built
7,623
SqFt Lot
About this property
2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.95% acquisition cap rate and a projected 6.21% pro forma cap rate. Current rents remain approximately 8.5% below… Show more
2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.95% acquisition cap rate and a projected 6.21% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller will consider seller finance!
Property details for 2616 Muriel Street NE
Interior
Bathrooms Total:
2
Appliances:
Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
Laundry Features:
Washer Hookup, Dryer Hookup, In Unit
Flooring:
Carpet, Vinyl
Exterior and lot
Lot Size Acres:
0.18
Lot Size:
7,623 sqft
Exterior Features:
Patio
Patio And Porch Features:
Patio
Building and construction
Property Type:
Residential Income
Property Sub Type:
Quadruplex
Property Sub Type Additional:
Quadruplex
Building Area Total:
3,003 sqft
Year Built:
1978
Levels:
One
Number Of Units Total:
4
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1103865
Gross Income:
51088
Listing Terms:
Cash, Conventional, FHA, Owner May Carry, VA Loan
Number Of Buildings:
1
Operating Expense:
21980
Owner Pays:
Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
4050
Area and schools
Community Features:
Patio
City:
Albuquerque
Postal Code:
87112
MLS Area Major:
Northeast Heights
County:
Bernalillo
Parcel Number:
102105950741911316
Community:
Northeast Heights
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating (Y/N):
Yes
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2616 Muriel Street NE Albuquerque, NM 87112 listed as MLS #1103865.
This 3 bedroom 3,003 sqft Residential Income built in 1978 located in Albuquerque NM 87112.
2616 Muriel Street NE was sold for $490,000 as MLS #1103865.
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-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
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About Northeast Heights
Northeast Heights is the broad quadrant of Albuquerque that runs from the middle of the city east to Tramway Boulevard and the base of the Sandia foothills. It filled in after World War II, when annexation pushed the city limits outward and builders such as Sam Hoffman and Dale Bellamah platted subdivision after subdivision across the mesa, with construction moving north and east for decades afterward.
Read about Northeast Heights Community.Connect with a local Northeast Heights real estate agent
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