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419 Monroe Street NE Albuquerque, NM $ 5,317,173
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$ 5,317,173 Get more info
419 Monroe Street NE
$ 5,317,173
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Share Save

419 Monroe Street NE

Albuquerque, NM, 87108
$ 5,317,173
Bedrooms1 Baths1.0 Sq 33,000

Monthly Estimate*

$ 32,739

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Multi-Family Home for sale in Albuquerque, NM

for $5,317,173 with 1 bedroom and 1 full bath. This 33,000 square foot home was built in 1960 on a lot size of 1.23.

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $878 a month are a GRM of 8.06, a 6.19% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits between two major transit corridors

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Multi-Family Active

Price

$ 5,317,173

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 22,224

Style

Lot Size

1.23

Year Built

1960

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1092700
Features
General
Heating Central Forced Air
Cooling Evaporative Cooling
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Refrigerator
Construction Materials Block Frame Stucco
Year Built 1960
Tenant Pays Other See Remarks
Stories Count 2
Levels Two
Property Subtype Multi Family
Gross Income 516916
Accessibility None
County Bernalillo
Operating Expense 197886
New Construction false
Property Type Residential Income
Subdivision Name Heights Reservoir addition
Green Energy Generation None
Status Active
Directions From Lomas and Monroe stoplight (and Los Cuates) - due south to property.
City Albuquerque
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description R-MH*
Number Of Units Total 50
MLS Area 40 - UNM
Lot Size Square Feet 53578.8
Listing Terms Cash Conventional
Tax Annual Amount 22224.3
Property Condition Resale
Additional Parcels Y/N true
Builder Name Unknown
Standard Status Active
Property Sub Type Additional Multi Family
Legal Description Northly 175 feet of Easterly 305' of Tract 18 . Heights Reservoir addition
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Interior
Flooring Carpet Tile Vinyl
Total Stories 2
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 1
Total Baths 1
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Exterior
Exterior Amenities Landscaping
Number of Buildings 12
Building Area Total 33000
Lot Size Acres 1.23
Lot Size Source Survey
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* Excluded Features
List By
Todd D Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$34,591
Per Month
95%
5%
0%
Monthly Principal & Interest
$32,739
Monthly Property Taxes
$1,852
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/9/2025$5,317,173 Listed Price

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419 Monroe Street NE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $5,317,173 with 33,000 sqft and a lot size of 1.23. 419 Monroe Street NE has 1 bedrooms, 1.0 baths, and was built in 1960. The property's zip code is 87108 which is in Albuquerque, NM

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