$360,000

123 General Arnold Street NE, Albuquerque, NM 87123

4 beds |
4 baths |
3,060 sqft

Multi-Family Home
Built in 1956
7,405sqft lot
—— car garage
$118/sqft
Listed 1 month ago

Property Description

This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.

Listing Status:: Active
Date Added:: March 13, 2026
Data Last Updated:: April 2, 2026 at 7:19AM
Listing Office:: Keyway Properties, Inc : (505) 903-2040
Listing Agent:: Angelo Mora : (505) 903-2040
MLS ID:: 1099819

Appliances: Free-Standing Electric RangeRefrigerator
Flooring: See Remarks
A/C: Evaporative Cooling
Heating: Forced Air
Eco/Green Feature: None

General: 1

Originating MLS: SWMLS_SWMLS
County: Bernalillo

Zoning: 102005708208030909

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Source: SWMLS_SWMLS

This listing courtesy of Angelo Mora , Keyway Properties, Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Hawthorne Elementary School

420 General Somervell St NE, Albuquerque, NM, 87123

Grades PK-5

0.46 miles away

Hayes Dual Language Magnet Middle School

1100 Texas St NE, Albuquerque, NM, 87110

Grades 6-8

1.11 miles away

Gilbert L Sena Charter High School

69 Hotel Cir NE, Albuquerque, NM, 87123

Grades 9-12

1.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.