$550,000
8 bds · 4 ba · 3,400 sqft
1237 Menaul Boulevard NW, Albuquerque, 87107
426 Towner Avenue NW
Albuquerque, NM 87102
$565,000
$177/SqFt
6
Beds
6
Baths
3,191
SqFt Home
1
Story
1946
Year Built
10,454
SqFt Lot
Estimated Mortgage
$2,857/mo
Based on $113K down · 6.5% · 30yr
About this property
Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance… Show more
Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.
Property details for 426 Towner Avenue NW
Interior
Bedrooms Total:
6
Bathrooms Total:
6
Appliances:
Free-Standing Gas Range, Range Hood
Laundry Features:
Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Flooring:
Carpet, Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.24
Lot Size:
10,454 sqft
Parking Total:
6
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
3,191 sqft
Year Built:
1946
Construction Materials:
Block, Frame
New Construction:
No
Levels:
One
Number Of Units Total:
6
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1095527
Gross Income:
56316
Listing Terms:
Cash, Conventional, FHA, VA Loan
Number Of Buildings:
3
Operating Expense:
22462
Owner Pays:
Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
4765
Area and schools
City:
Albuquerque
Postal Code:
87102
MLS Area Major:
Near North Valley
Subdivision:
Towner Add
County:
Bernalillo
Parcel Number:
101405927228422138
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Window Unit(s)
Heating:
Wall Furnace
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
December 11, 2025
Location
Directions: From the I-25/I-40 ''Big I, '' head north on I-25 and take the Menaul Blvd exit (Exit 226A). Go west on Menaul about 1.3 miles to 4th St NW, then turn left (south) onto 4th. After one block, turn right (west) onto Towner Ave NW; the property at 426 Towner Ave NW is on that block.
Estimated Mortgage
$2,857/mo
Based on $113K down · 6.5% · 30yr
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426 Towner Avenue NW, Albuquerque, NM 87102 listed as MLS #1095527.
This 6 bedroom 3,191 sqft Multi Family built in 1946
located in Towner Add, Albuquerque NM 87102.
426 Towner Avenue NW is listed for $565,000 as MLS #1095527 courtesy of Weichert, Realtors Image Peter A Cochran.
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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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