134 S Rhode Island Street SE, Albuquerque, NM 87108

• 2 beds |
• 1 bath |
• 3,060 sqft

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 $57,000 annually, with a 5% vacancy allowance ($54,000). With estimated annual operating expenses of $20,700, the pro forma net operating income (NOI) is approximately $33,400, yielding a projected cap rate of 7.42%, with a 27.52% IRR with a five-year hold.

Listing Status:

Active

Date Added:

November 14, 2025 at 06:00AM

Listing Office:

Berger Briggs RE & Prop Mgmt : (505) 247-0444

Listing Agent:

Harrison Alley : (505) 980-6151

MLS ID:

1094441

Interior

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

Exterior

• Parking: Parking spaces: 4

Construction

• General: 2

Location

• Originating MLS: SWMLS_SWMLS
• County: Bernalillo

Lot

• Zoning: 101905731802440207

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater ConnectedNet Meter

Financial

• Source: SWMLS_SWMLS

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