$5,317,173

419 Monroe Street NE, Albuquerque, NM 87108

  • 1 bed |
  • 1 bath |
  • 33,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon1.23acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $161/sqft
  • Property List Date Icon Listed 8 months ago

Property Description

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property 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 $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.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 betw

Listing Status:
Active
Date Added:
October 9, 2025
Data Last Updated:
July 5, 2026 at 12:17AM
Listing Office:
NM Apartment Advisors, Inc. : (505) 440-8633
Listing Agent:
Todd D Clarke : (505) 440-8633
MLS ID:
1092700
  • Appliances: Refrigerator
  • Flooring: CarpetTileVinyl
  • A/C: Evaporative Cooling
  • Heating: CentralForced Air
  • Disability Feature: None
  • Eco/Green Feature: None
  • General: Landscaping
  • General: BlockFrameStucco2
  • Originating MLS: SWMLS_SWMLS
  • County: Bernalillo
  • Zoning: Northly 175 feet of Easterly 305' of Tract 18. Heights Reservoir addition101705738541812504
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: SWMLS_SWMLS

This listing courtesy of Todd D Clarke , NM Apartment Advisors, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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