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.
Fantastic investment opportunity! This well-maintained triplex offers two occupied rental units and one available for owner-occupancy or additional income potential. The property offers spacious living areas, functional kitchens, and private entrances for each unit. Ideal for investors or owner-occupants seeking steady rental income. Located near schools, shopping, and commuter routes, this triplex combines comfort and practicality with strong rental history and long-term potential. A rare find that's ready to start generating income from day one! ''Subject to seller's 1031 exchange; no cost to buyer.''
Cash-only opportunity for investors or owner-users. Property features a cold shell interior, providing a blank slate for redevelopment. Mixed-use zoning allows for a wide range of potential uses (buyer to verify). Conveniently located near Sandia Air Force Base. Ideal for buyers seeking flexibility to design and build to suit their vision. Sold AS IS
Spacious and beautifully updated 3-bedroom, 2-bath home with a 2-car garage. The large kitchen features granite counters and a breakfast bar, with brand-new stainless steel appliances (to be installed prior to closing), updated fixtures, and modern lighting. Both bathrooms have been refreshed with new vanities and fixtures. New carpet and laminate flooring throughout, fresh interior paint, and a new water heater provide comfort and peace of mind. Situated on a spacious lot with a walled backyard for privacy, plus a covered patio perfect for outdoor living. Move-in ready and waiting for its new owners!
Welcome to this beautiful family home in the desirable Volterra Subdivision. This spacious 5-bedroom 3-bathroom residence offers the perfect blend of comfort and style, featuring an open concept layout. Enjoy the modern appliances, a xeriscaped yard and a welcoming community atmosphere. With ample space for family gatherings and entertaining, this home is designed for relaxation and connection. Don't miss the opportunity to make this stunning property your own!
Well-located fourplex directly under the Sandia Mountains, just off Tramway Blvd, surrounded by strong new development. Ideally positioned near Four Hills Country Club & Golf Course, Sprouts Farmers Market, and the local movie theater, offering excellent access to amenities and commuter routes.The property features large, spacious units with in-unit washer and dryers, private balconies, and solid brick construction built for long-term durability and low maintenance. Long-term tenants and stable rental history make this an attractive, low-headache investment. The area continues to see residential and commercial growth, supporting long-term appreciation and demand.A rare opportunity to acquire a low-maintenance fourplex in a prime Sandia Foothills location with strong lasting value.
KAFB/SNL minutes to and from the property. This home offers two living areas, 3-4 bedrooms, hardwood floors, stainless steel appliances and so much more! In addition to the 3 nice size bedrooms, there are 2 additional spaces that could be anything at all; extra bedrooms, den, office, hobby/art/ crafting studio, etc! Outdoor living is enhanced by a big covered patio in the back off the den. Pitched roof and brick exterior make it low maintenance. The grounds are fantastic! Mature plants, trees, and every stone in place! An extremely convenient location close to The base, the airport, Nob Hill, UNM, CNM, the freeway, public transportation. Come take a look for yourself!
Welcome home to this beautifully remodeled 3-bedroom home offering over 1,900 sq ft of spacious living and a massive bathroom designed for comfort. This property has been renovated top-to-bottom with modern finishes and major improvements throughout.Enjoy year-round comfort with ductless mini-split HVAC, a stylish kitchen featuring granite countertops, new flooring, fresh interior paint, and updated fixtures. Even better, the home includes big-ticket upgrades such as updated electrical and plumbing, plus NEW windows and NEW stucco for enhanced efficiency and curb appeal.
High-yield investment opportunity with an 12% cap rate and owner financing available. This income-producing property offers multiple revenue streams on one parcel, including an updated duplex, an owned mobile home, and four additional mobile home pads with expansion potential. Duplex features a 1BR/1.5BA unit with walk-in closet and two fireplaces, plus a 3BR/2BA unit. Ideal for investors seeking immediate cash flow with future upside. Call for details.
Welcome home! This barely lived-in, single-story four-bedroom home feels like new. Built to NM Silver Green Build standards, it offers upgraded insulation, low-E thermal windows, and a tankless water heater for energy-efficient, cost-saving comfort. The bright, open layout features a chef's kitchen with granite countertops, stainless steel appliances, and a spacious island that flows to the dining/living area with stylish wood-look tile floors. The large primary suite includes a walk-in closet, garden tub, and dual shower heads, while the other bedrooms offer cozy, carpeted spaces perfect for guests or a home office. Enjoy the xeriscaped front yard and covered back patio for relaxing or entertaining. Conveniently located near trails, Kirtland , and Sandia Labs, this home is move in ready!
3,000 sqft warehouse building for sale! This large warehouse has potential for use as a live / work building with a garage, kitchenette area, 3/4 bath, and an open floorplan. The high ceilings and large open interior can be used for a multitude of possibilities. This property is an ideal handyman special being sold in as is condition. The surrounding neighborhood has several locally owned businesses, restaurants, and shopping locations. Schedule to see this commercial property today!
This beautiful two-story home featuring 3 bedrooms, 3 bathrooms, and a dedicated office space. The bright kitchen offers a large island perfect for entertaining. Enjoy your private backyard oasis with an in-ground pool and water features. Fully paid-off solar keeps energy costs low. With a 3-car garage and a great location near parks, shopping, and dining, this home offers comfort, style, and efficiency all in one. New carpet throughout the home was installed 11/10/2025. The pool is closed for the winter. If you have any questions about the pool, please do not hesitate to reach out. You won't want to miss this property.
** Priced to sell! Development site with 24-unit apartment plans. Conceptual plans have already been approved by the City of Albuquerque's Development Review Board and the Fire Marshal's Office. Owner financing is available--20 % down, 3-5-year term, plus additional options. Build-to-suit services (custom design and construction available at cost) can also be arranged.
This lovely 4 bedroom, 3bath townhome has a bright open floor plan with a large greatroomKitchen is highlighted by stainless appliances and granite counter top and dining area. Upstairs has a spacious primary suite with a private balcony, large walk-in closet, bath with dual sink vanity, garden tub and separate shower. Two additional bedrooms and bath upstairs. Fourth bedroom and bath on main level, ideal for guests or in-laws. Home has quick access to Kirkland Air Force Base and Sandia National Labs.
Undeveloped vacant land available for rent with a 12-month minimum lease. First month's rent and a security deposit are required at signing. The property offers open, level ground with easy access, making it well suited for storage of vehicles, equipment, trailers, materials, or containers. The land is undeveloped and does not include utilities or permanent structures; however, a water meter is present. Tenant is responsible for ensuring that all intended uses comply with local zoning and regulations. Long-term or short-term rental options may be considered. This property is ideal for contractors, small businesses, or individuals seeking secure, off-site storage space. Renter's insurance is required at the time of leasing.
This beautifully maintained brick home blends timeless character with thoughtful updates, offering both comfort and style. Inside, soaring ceilings accented by striking wood beams create a warm and inviting atmosphere throughout the main living spaces. The spacious floorplan includes three bedrooms and three bathrooms, providing flexibility for everyday living and entertaining.Step outside to a large backyard oasis featuring a sparkling pool, perfect for enjoying sunny days and outdoor gatherings. The pool liner was replaced in 2018, with the filter and pump updated in 2023, offering peace of mind for years to come. Additional improvements include a new roof installed in 2021 and a newer washer and dryer, adding convenience and value.With its classic brick exterior, generous yard,
635 & 637 Mesilla Street presents a compelling multifamily investment opportunity in the heart of Albuquerque. This well maintained property consists of 8 well configured, 1 bed, 1 bath units. Property has a strong and consistent rental demand. This offering represents an excellent opportunity for investors seeking a manageable-size multifamily asset with durable income. Enjoy close proximity to restaurants, shopping and freeway access. All units are occupied.
Welcome to a well-maintained single-story home located in Albuquerque's established Trumbull Village community, with convenient proximity to Kirkland Air Force Base and easy access to major roadways, shopping, dining, and parks. This inviting 3-bedroom, 2-bath home offers approximately 1,397 square feet of comfortable living space, featuring a spacious great room with a cozy fireplace and updated finishes throughout. The kitchen provides modern touches and ample functionality for everyday living, while fresh interior updates contribute to a move-in ready feel. A sliding door opens to a private backyard, offering space to relax, entertain, or enjoy outdoor activities. A new water heater adds value and peace of mind for the next owner.
Truly move-in ready and full of character, this 3-bedroom, 2-bath home is nestled in a quiet, established tree-filled neighborhood. The no-carpet interior provides a clean, low-maintenance lifestyle. Enjoy a cozy family room with a welcoming fireplace. Fresh interior paint, and beautifully refinished original hardwood floors throughout. The spacious covered patio is perfect for outdoor living, overlooking a large backyard with convenient alley access. Stucco was repaired within the last six years, ensuring lasting curb appeal. Located close to the Air Force base, VA, major hospitals, restaurants, and shopping, this home delivers both convenience and quality. A fantastic price for a well-cared-for property--don't miss it! Come see it in person to fully appreciate it.
A rare find for investors or owner-occupants, this fourplex is a turnkey investment, with all units occupied and under lease agreements. Set on a large lot with ample parking, the property is designed for both tenant satisfaction and owner convenience. Every spacious unit is equipped with a full suite of kitchen appliances--gas stove, refrigerator, dishwasher, and microwave--along with the desirable feature of in-unit laundry hookups. This is a hassle-free opportunity to acquire a cash-flowing asset in a stable market. Each unit is individually metered for gas and electric.
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Welcome to this cozy and updated 3-bedroom, 2 bath sing-wide mobile home, in a conveniently located community with a pool. Enjoy easy care vinyl flooring and fresh paint throughout. This well cared for home is perfect for anyone looking for a comfortable place to call home or an investor wanting to add to their portfolio Schedule your showing today!
Unique opportunity to own this zoned mixed used property! The living quarter has been modernized with stainless steel appliances, granite counter top, updated cabinetry and refrigerated AC. Tile floor through the house. The Adjacent office/workshop has its own bathroom and plenty of space for business use. Property has automatic guard gate and fences all around with ample parking.
Attention Investors! Discover this income-generating triplex offering a potential perfect for seasoned investors or those new to multifamily investing. This centrally located Triplex offers; One large unit with 2 beds 1 bath. And two units with 1 bed 1 bath. Each of the 3 units features its own back patio area, along with access to a shared backyard shaded by mature trees--a gem find! Building has been well maintained with clean and efficient units. Whether you're looking to add to your portfolio or start your real estate investment journey. Building next door is also listed at 301 Tennessee Se. Will sell both as a package deal! Make an OFFER today!!
***BACK ON THE MARKET !!!**Fantastic 4-Plex Property! An Incredible Investment Opportunity Awaits You. Enjoy Generous Enclosed Backyards Perfect for Relaxation and Outdoor Activities. Ideally Situated Near the Air Force Base, this Property Offers Convenient Access to Schools, Shopping, and Public Transport. Don't Miss Out--Come See It for Yourself! With a Brand New TPO Roof and Mini Splits Installed in All Units, Plus Tile Flooring In Each unit, This Property is A Must SEE !**
Daria Derebera
Real Estate Broker in Albuquerque, NM
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