$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 7 months ago

Property Description

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $878 a month are a GRM of 8.06, a 6.19% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents 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 $1,100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%.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 between two major transit corridors

Listing Status:
Active
Date Added:
October 9, 2025
Data Last Updated:
May 20, 2026 at 7:17AM
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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Location