Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. With an ask price of the current average rents of $1,050, and an ask price of $816,000 the measures of investment performance include a price per unit of $102,000, price per square foot of $113.59, a GRM of 8.30, an after reserves cap rate of 7.05%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 9.20%.Although each fourplex is on it's own lot, the owner has a strong preference to sell both buildings together at the same time.Do not miss out on an opportunity to acquire a well built fourplex in one of the strongest rental markets in the country.
For sale
Price increase: $362.5K (7/19)
$816,000
530 Tennessee St NE, Albuquerque, NM 87108
2beds
1baths
7,184sqft
Est.:
Multi Family
Built in 1985
-- sqft lot
$768,700 Zestimate®
$114/sqft
$-- HOA
What's special
- 20 days
- on Zillow |
- 237 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 09:30am
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc. 505-440-8633
Source: SWMLS,MLS#: 1088162

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Vinyl
- Has basement: No
Interior area
- Total structure area: 7,184
- Total interior livable area: 7,184 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.3 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101905736137010331
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1985
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Mesa Verde Addition
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $251,938
- Annual tax amount: $7,066
- Date on market: 7/19/2025
- Listing terms: Cash,Conventional
- Tenant pays: Other, See Remarks
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