Back to Search
Multifamily For Sale
43-Unit Multifamily Investment
1008 & 1024 Alvarado Dr. SE, Albuquerque, NM 87108
Details
- Category Multifamily
- Type For Sale
- Sale Price $3,400,000 ($79,070/Unit)
- CAP Rate 5.89%
- Available Space ±14,450 SF
- Lot Size ±0.87 Acres
- Zoning R-MH
Multi-Family Details
- Total Units 43
- Multi-Family Type Low-rise/Garden
Description
- Value-add through strong rental upside
- Pro forma cap rate: 6.42%
- Pro forma GRM: 8.5
- 100% occupied as of March 2026
- In-place rents estimated 14% below market-rate
- Recent interior renovations completed on majority of units
- Located in established Southeast Albuquerque rental corridor
- Proximity to major employment centers, Kirtland AFB and I-25 access
- Seller financing option available
Documents
Spaces
1008 Alvarado
Multifamily For Sale
±6,090 SF on ±0.56 Acres
1024 Alvarado
Multifamily For Sale
±8,360 SF on ±0.31 Acres
Listing Advisors
Land & Industrial
Jim Wible, CCIM
- Direct505.998.1578
- Office505.878.0001
- Mobile505.400.6857
- Emailjimw@sunvista.com
Multifamily, Investment Properties
Luke Scarpa
- Office505.878.0001
- Direct505.338.9876
- Emailluke@sunvista.com
