7 Photos
2616 Muriel Street NE
Albuquerque, NM 87112
$500,000
3 bd • 2 ba • 3,003 sqft • 0.18 acres
1 Story
Stories
$167
Per SQFT
1978
Year Built
05/01/2026
Listing Date
1103865
Listing #
87112
Zip Code
About This Property
2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.82% acquisition cap rate and a projected 6.08% 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 financing is available.
Interior
Bathrooms Total:
2
Appliances:
Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
Laundry Features:
Washer Hookup, Dryer Hookup, In Unit
Flooring:
Carpet, Vinyl
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
Exterior And Lot
Lot Size Acres:
0.18
Lot Size Square Feet:
7,623 sqft
Exterior Features:
Patio
Patio And Porch Features:
Patio
Provisional
MLS #:
1103865
Gross Income:
51088
Listing Terms:
Owner May Carry
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
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Location
Loading map...
Directions: From Menaul Blvd NE, head South on Juan Tabo Blvd NE. Turn West onto Brentwood Hills Blvd, then South onto Muriel St NE. The property is on the East side of the street
Mortgage Calculator
$
$
%
Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
Browse Similar Homes in Albuquerque
By Layout:
Single Story Homes in Albuquerque
By Bedrooms:
3 Bedroom Homes in Albuquerque
By Financing:
Owner Financing Homes in Albuquerque
By Energy & Climate:
Homes with Evaporative Cooling in Albuquerque
Properties for Sale Similar to 2616 Muriel Street NE, Albuquerque, NM
New Homes for Sale in Albuquerque Area
View All
Listing courtesy of NAI SunVista Commercial RE
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