$450,000

134 S Rhode Island Street SE, Albuquerque, NM 87108

2 beds |
1 bath |
3,060 sqft

Multi-Family Home
Built in 1980
6,970sqft lot
—— car garage
$147/sqft
Listed 3 months ago

Property Description

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.

Listing Status:: Active
Date Added:: November 14, 2025
Data Last Updated:: February 14, 2026 at 8:19PM
Listing Office:: Berger Briggs RE & Prop Mgmt : (505) 247-0444
Listing Agent:: Harrison Alley : (505) 980-6151
MLS ID:: 1094441

Appliances: Refrigerator
Flooring: TileVinylWood
A/C: Evaporative Cooling
Heating: CentralForced Air
Eco/Green Feature: None

Parking: Parking spaces: 4

General: 2

Originating MLS: SWMLS_SWMLS
County: Bernalillo

Zoning: 101905731802440207

Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater ConnectedNet Meter

Source: SWMLS_SWMLS

This listing courtesy of Harrison Alley , Berger Briggs RE & Prop Mgmt

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

La Mesa Elementary School

7500 Copper Ave NE, Albuquerque, NM, 87108

Grades PK-5

0.51 miles away

Van Buren Middle School

700 Louisiana Blvd SE, Albuquerque, NM, 87108

Grades 6-8

0.75 miles away

Highland Autism Center

220 Monroe SW, Albuquerque, NM, 87108

Grades PK-12

1.88 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.