134 S Rhode Island Street SE

Albuquerque, NM 87108

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 courtesy of Berger Briggs RE & Prop Mgmt



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Data last updated at: 2025-12-03 04:31 AM UTC