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Albuquerque New Mexico Real Estate For SaleAlbuquerque New Mexico Real Estate For Sale

View All homes and real estate for sale in Albuquerque NM UPDATED HOURLY. See pricing & MLS listing details of Albuquerque real estate for sale.

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Multi Family Homes For Sale Albuquerque NM

Multi Family Homes For Sale Albuquerque NM | Multi-Family Real Estate

Investing In Multi Family Homes For Sale Albuquerque, NM

If you’re searching for multi-family homes for sale in Albuquerque, NM, you’re exploring a fantastic opportunity to invest in a thriving market. These properties are ideal for generating rental income or sharing housing expenses, and many are located in walkable neighborhoods, adding convenience and appeal to tenants. Albuquerque’s median property prices offer affordability, so multi-family homes can be a smart financial move. From cozy duplexes to larger properties on a spacious lot, there’s something to fit every investor’s needs. We have all the listings in the Southwest MLS, so browse ABQ multifamily homes for sale. Save or bookmark this page for all your real estate needs.

Multi Family Homes For Sale Albuquerque NM

Search Multi Family Homes For Sale In Albuquerque, New Mexico

Excellent opportunity to own a fully rented four-plex located in the heart of Albuquerque's La Mesa neighborhood. Each unit offers 2 bedrooms, 1 bathroom, approximately 680 sq ft of living space, individual washer/dryer hookups, a washer currently in each unit, a storage unit with electricity houses 2 dryers, tile flooring throughout (no carpet), and one dedicated parking space. All units have separate entrances and access to a shared courtyard. Additional on-site storage is available in a detached structure. Conveniently located just 4 miles from the University of New Mexico, with nearby access to public transit, shopping, dining, and parks. A strong income-producing asset in a high-demand rental area is ideal for investors seeking solid returns with low-maintenance features. $370,000 Active

411 Wisconsin Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.16 Acres

Great income property, single family 2bd in front and duplex with 2 1/bd units in the back. Separately metered gas and electric, off street parking, each unit has a separate yard. Do not disturb tenants, showings with accepted offers unless a tenant vacates. Bundle with 408 Pennsylvania and 304 Texas for a ready-made portfolio! Unit B is vacant in images, but currently leased. $245,000 Active

408 Texas Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.16 Acres

Fantastic investment opportunity! This property features a single-family home (700 sq. ft.) and a duplex with two 599 sq. ft. units, offering a combined 1,899 sq. ft. of living space. Currently tenant-occupied and delivering a 7% cap rate, this property is ideal for investors seeking immediate income. Each unit has been fully updated, minimizing maintenance and maximizing appeal for future tenants. Located in a prime area, this property offers strong rental demand and excellent long-term growth potential. $599,000 Active

425 Fitzgerald Road NW Albuquerque, New Mexico

2 Beds 1 Baths 1,898 SqFt 0.2 Acres

8 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and must be sold together for a combined $900,000. Consist of 2B/1B x4 units & 1B/1B x4 units. This well-maintained 8-unit portfolio is located in a strong rental area and features low-maintenance brick construction with secured gated parking. Units have been updated with new appliances, in-unit washers and dryers, fresh paint, upgraded plumbing, new furnaces, a swamp cooler, enhanced security gates, and a 2017 roof. Fully occupied with strong rent roll and additional upside through future lease-up at market rates. $900,000 Active

517-521 Palomas Drive SE Albuquerque, New Mexico

2 Beds 1 Baths 6,080 SqFt 0.16 Acres

This sweet  one acre compound offer a space for  folks to grow their own food  and garden under the shade of the cottonwood trees in Albuquerque's close- in south valley. The  charming adobe home  has 2 bedrooms, one bath and an office/library space.  A separate live- in studio with a loft and complete kitchen and bath.  Extra  bonus space is provided  in an adobe office/ guest space. with bath.  Roomy storage space ( 7x20) adjoins  this space. A  20x12' separate storage workshop.  This property is  irrigated both from the  aceqia ditch and by a registered well. The buildings have municipal water and sewer. The entire property is fully fenced with 2 large access gates.This property is on a dead end street . $560,000 Active

1911 Poplar Lane SW Albuquerque, New Mexico

2 Beds 1 Baths 1 Acres

Perfect for investors or multi-generational living, this nicely updated, turnkey ready property features a 2BR/1.5BA front house and a cozy 1BR/1/2 BA rear unit. The front home is recently updated with newer laminate flooring and fresh paint, both units are income-ready. Live in one and rent the other, or maximize your investment by leasing both!Located in a vibrant neighborhood just steps from local favorites like Slow Burn Coffee, Cocina Azul, and Golden Crown Panaderia, and within walking distance of Old Town, the Sawmill District, and several scenic parks. $340,000 Active

905 Mountain Road NW Albuquerque, New Mexico

2 Beds 2 Baths 1,758 SqFt 0.08 Acres

Well maintained 8-units in four buildings on a neatly manicured tree-lined 1-way street in the historic Wells Park neighborhood, all with 40-50's era features and ambiance. Blocks from Courthouses and Downtown restaurants, shops and services. Six 1/1's, and two 2/1's, hardwood floors in 6 units, one vacant unit (1013 6th St) is available to view. The site has a 2-car garage w a car port and off street parking for 16+, flat roofs have a pitch and elastomeric roof coating, electric/gas individually metered. Avg Downtown rent for 1 BR = $1K, Avg for 2 BR = $1,400. Long time owner with long time tenants, all on month to month leases. APOD available. $1,040,000 Active

1003-1021 6th Street NW Albuquerque, New Mexico

1 Beds 1 Baths 5,044 SqFt 0.28 Acres

INVESTMENT OPPORTUNITY YOU DON'T WANT TO MISS. This tri-plex on Tennessee Street offers three single-story units, each about 750 square feet with 2 bedrooms, 1 bath, and small yards! Inside you'll find a simple, functional layout with a range and refrigerator included. Each apartment comes with its own dedicated parking space, creating ease for tenants. The property is currently tenant occupied, providing immediate potential income for a savvy investor. Don't wait--secure this promising income-producing property today! $320,000 Active

325 Tennessee Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,304 SqFt 0.16 Acres

Sweet little townhouse for sale in a very quiet neighborhood. 3-bedrooms, 2-full baths. New TPO roof 2022. All tile.  Security bars and fenced off property. This property is currently leased. Please do not bother the tenant. This is currently listed under Residential Resale MLS #1090026. $245,000 Active

234 Burma Drive NE Albuquerque, New Mexico

3 Beds 2 Baths 1,056 SqFt 0.06 Acres

Fourplex featuring all two bedroom, one bath units. Seller will sell single building on its own or with  3409 Eastern listing. Unit 6 is currently vacant and being used for storage and has no Stove/Refrigerator. The new owner will need to update the electrical service in order to rent this unit.  This unit is only unit being shown.Please refrain from disturbing or contacting tenants in anyway. $390,000 Active

3413 Eastern Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,700 SqFt 0.16 Acres

Fourplex featuring all two bedroom, one bath units.  Seller will sell single building on its own or with  3413,Eastern listing. Unit 1 is currently vacant, does not have Stove/Refrigerator, and only unit being shown.Please refrain from disturbing or contacting tenants in anyway. $390,000 Active

3409 Eastern Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 0.16 Acres

Calling All Investors!Looking for a shop space with endless opportunities? This fantastic residential income property contains 2 lots. Thats right, welcome to 6802 + 6804 Cochiti Rd SE. The combined property features 4 manufactured home units, each with its own utilities and laundry service area:Unit 1: 1 Bedroom / 1 BathUnit 2: 1 Bedroom + Den / 1 BathUnit 3: 3 Bedrooms / 2 BathsUnit 4: 2 Bedrooms / 1 BathThe exterior offers a spacious, enclosed layout with ample parking to accommodate residents or business use.Please do not disturb tenants.This is a rare opportunity with multiple income streams and strong investment potential. $290,000 Active

6802 Cochiti Road SE Albuquerque, New Mexico

1 Beds 1 Baths 0.32 Acres

Discover this unique, fully gated property in the coveted Los Duranes neighborhood in the North Valley, featuring two charming houses, each with 1 bed and 1 bath. Enjoy the beauty of New Mexico-style artistic details and luxurious exterior finishes. Each unit boasts its own private enclosed yard, open patio, and convenient carport--perfect for relaxation or entertaining. Ideal for investment or AirBnB hosting, this property also accommodates multi-generational living. The durable metal roofs add to the appeal while ensuring longevity. Nestled near the picturesque Rio Grande River and close to hiking trails and parks, this gem combines comfort with outdoor adventure. Minutes from Schools, Old Town, Down Town, Rio Grande Bosque, Los Poblanos. $400,000 Active

3131 Ricardo Road NW Albuquerque, New Mexico

2 Beds 2 Baths 1,359 SqFt 0.15 Acres

Beautifully Updated Duplex in Prime Albuquerque Location. A rare duplex opportunity located right on the river in one of Albuquerque's most desirable and convenient neighborhoods. This property offers the perfect blend of serene natural surroundings and city accessibility. Just minutes from Old Town, Downtown, the zoo, and the Albuquerque Country Club. Both units have been tastefully remodeled with modern updates, offering comfortable living spaces that are move-in ready. Recent improvements include a brand-new roof, fresh finishes, and upgraded interiors that make this property as functional as it is attractive. Whether you're looking for a smart investment property or a home that offers additional rental income, this duplex checks every box. $279,000 Active

425 Sunset Road SW Albuquerque, New Mexico

2 Beds 1 Baths 1,440 SqFt 0.22 Acres

SELLER FINANCING AVAILABLE! Located along historic Route 66 and across from City of Albuquerque Fire Station #7, this property provides convenience to tenants utilizing ART Rapid Transit. It experienced a complete remodel in 2019. This included a new roof, some new plumbing, electrical, paint & stucco, heaters and coolers in all units and new kitchenettes in all units $1,100,000 Active

5613 Central Avenue NW Albuquerque, New Mexico

1 Baths 6,300 SqFt 0.36 Acres

Invest in popular Nob Hill! Live in one; rent the other. Rent both. The House is move-in ready 3BR/2BA. The interior is bright and spacious with refinished wood floors. The Kitchen has custom wood cabinets and granite counters. New stucco color. New roof! Huge detached Casita features 1 BR/1BA, Kitchen, Dining, Living, and Storage Room. Both homes have refrigerated air systems, upgraded electrical panels, exclusive fenced yards, separate driveways, and laundry hook-ups. All Broker/Owner appliances convey including W/Ds. Low maintenance landscaping. Property has been maintained under management. Casita is rented on 30-day term. Blocks to restaurants, shops, tennis courts. Easy commutes to UNM, CNM, KAFB, I-40/25 and downtown. $499,900 Active

300 Tulane Drive SE Albuquerque, New Mexico

3 Beds 2 Baths 2,014 SqFt 0.16 Acres

Seize a rare investment opportunity in the heart of Albuquerque's Northwest valley. This expansive 3,476 sq ft multi-family property offers exceptional potential for both seasoned investors and owner-occupants. Situated on a generous lot, the property features multiple units, each equipped with in-unit washer and dryers and covered parking, adding convenience and value for tenants. $550,000 Active

325 San Andres Avenue NW Albuquerque, New Mexico

2 Beds 1 Baths 3,476 SqFt 0.23 Acres

Great triplex with two long-term occupants! Shaded courtyard entry with off-street parking. Closed storage at rear of property.  Do not disturb tenants, walk through of units with accepted offers. Call listing agent with any questions. YTD operating expenses in documents. Bundle with 408 Pennsylvania and 408 Texas for a ready-made portfolio! $235,000 Active

304 Texas Street NE Albuquerque, New Mexico

1 Beds 1 Baths 1,712 SqFt 0.16 Acres

''NOB HILL INVESTMENT OPPORTUNITY''This charming two-bedroom, one-bathroom duplex is now available for sale.  The property features a generous living room, a combined kitchen and dining area, and offers an excellent opportunity for investors of owner-occupants.The duplex is located in the highly desirable Nob Hill neighborhood, providing a prime location convenient access to local shops,  the University Of New Mexico (UNM), UNM hospital, and a wide array of desirable amenities.With the unit currently vacant, this presents a unique and immediate opportunity to select your own tenants, offering a potential rental income of approximately $1,800 to $2,000 per month.  This is a great chance to acquire a valuable property in a sought-after area. $400,000 Active

205 Morningside 207 Drive NE Albuquerque, New Mexico

2 Beds 1 Baths 1,718 SqFt 0.16 Acres

This conveniently located classic triplex has very large units with abundant storage. Washer hookups in the kitchens, dryer hookups in the storage closets. Small private patios. Tenants pay gas/electric. Each unit is approx 950 sf. Forced air heat with separate coolers. No showings without an accepted offer. Do not talk to tenants or snoop the property. $505,000 Active

2627 Dakota Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,900 SqFt 0.19 Acres

OWNER FINANCING Beautifully updated HOME PLUS A CASITA! New LVT wood-look flooring, new carpet, designer lite fixtures, attractive tile & new windows. Classy kitchen w/ quartz counter tops, plenty of cupboard space, sparkling new stainless appliances & stylish farm sink. Main house consists of 3 bedrooms, 1 full bath, living room & kitchen - 911 SF. The casita offers 1 bedrooms, 1 bath, living room & a kitchen - 785 SF. House + casita = 1696 SF. Each unit offers it's own electrical meter. Long 6 or more car driveway, & BACKYARD ACCESS for more toys! So what do YOU need? Room for extended family or in-laws quarters? Would you rent out one unit to supplement your mortgage? Are you an investor looking for cash flow & want to rent both units? REC w/ 20% down, 10% interest, 5 yr call. WOW! $450,000 Active

902 Palo Duro Avenue NW Albuquerque, New Mexico

3 Beds 1 Baths 1,696 SqFt 0.17 Acres

nvestor Opportunity - Four-Plex with Recent UpgradesStep into ownership with this income-producing four-plex, perfect for the seasoned investor or the entrepreneur ready to start building wealth.Unit A has been beautifully remodeled, offering fresh finishes and modern appeal to attract quality tenants. The property boasts a brand-new roof (2025) covering 80% of the complex, with the remaining 20% replaced just four years ago--giving you peace of mind and reduced maintenance costs for years to come.This multi-unit setup offers steady rental potential, multiple income streams, and the chance to live in one unit while leasing the others. Whether you're looking to expand your portfolio or start your investment journey, this property delivers both stability and growth potential. $330,000 Active

405 Utah Street SE Albuquerque, New Mexico

2 Beds 1 Baths 0.12 Acres

Solid Investment Opportunity: This 4-unit, 1-bedroom/1-bath fourplex offers approximately 500sq. ft. per unit with efficient layouts featuring a kitchen and open living space. Three units are vacant with some modern updates already completed, while one unit remains occupied in original condition. Recent upgrades include brand new, up-to-code electrical service for the entire building and a durable TPO roof. With solid bones and key improvements in place, this property is primed for finishing touches to maximize rental income and long-term value. $250,000 Active

219 Dallas Street NE Albuquerque, New Mexico

1 Beds 1 Baths 0.17 Acres

Value-add investment with immediate upside! Two 4-plexes (1812 Mary Ellen and 1816 Mary Ellen, 8 units total) sold together--each on its own deeded lot. 6 of 8 units currently rented, offering solid income with significant upside. Below-market rents present a strong opportunity to increase cash flow and long-term ROI. All units are 2 bed, 1 bath with functional layouts that are easy to rent. Located in a high-demand, appreciating area near transit, major employers, schools, and shopping. A units have private backyards; B units have side yards. All units include storage. Well-lit off-street parking. $990,000 Active

1812 Mary Ellen Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.25 Acres

Duplex investment opportunity. Consistently rented out. Well maintained and taken care of. Ready for new owners to take over. Both units feature hardwood floors, country kitchens, & separate backyards. $265,000 Active

324/326 Charleston Street NE Albuquerque, New Mexico

2 Beds 1 Baths 1,890 SqFt 0.17 Acres

Attention Investors! Discover this income-generating triplex offering a potential perfect for seasoned investors or those new to multifamily investing. This centrally located Triplex offers; One large unit with 2 beds 1 bath. And two units with 1 bed 1 bath. Each of the 3 units features its own back patio area, along with access to a shared backyard shaded by mature trees--a gem find!  Building has been well maintained with clean and efficient units. ALL units are currently occupied generating immediate income potential. Whether you're looking to add to your portfolio or start your real estate investment journey. Building next door is also listed at 301 Tennessee Se. Will sell both as a package deal! Make an OFFER today!! $319,000 Active

305 Tennessee Street SE Albuquerque, New Mexico

2 Beds 1 Baths 1,983 SqFt 0.16 Acres

Attention Investors! Discover this income-generating triplex offering a potential perfect for seasoned investors or those new to multifamily investing. This centrally located Triplex offers; One large unit with 2 beds 1 bath. And two units with 1 bed 1 bath. Each of the 3 units features its own back patio area, along with access to a shared backyard shaded by mature trees--a gem find!  Building has been well maintained with clean and efficient units. ALL units are currently occupied generating immediate income potential. Whether you're looking to add to your portfolio or start your real estate investment journey. Building next door is also listed at 305 Tennessee Se. Will sell both as a package deal! Make an OFFER today!! $329,000 Active

301 Tennessee Street SE Albuquerque, New Mexico

2 Beds 1 Baths 1,983 SqFt 0.16 Acres

Value Add Investment Opportunity! Just a few blocks from the University of New Mexico and near both UNM Hospital and Presbyterian Hospital, as well a wide variety of restaurants, this centrally located property is a prime investment opportunity. It includes a 2 bedroom house and a detached triplex with three studio apartments. Recent improvements include a full electrical upgrade in 2022 and new sewer/plumbing completed in 2024. The triplex presents strong value-add opportunity, just a bit of TLC could substantially boost its rental income potential. Ideal for investors seeking a long-term investment or those looking to maximize value through improvements, this property delivers location, flexibility, and upside in one of Albuquerque's most desirable rental pockets. $365,000 Active

208 Stanford Drive SE Albuquerque, New Mexico

2 Beds 2 Baths 1,622 SqFt 0.16 Acres

Adorable brick triplex with gated courtyard entry and off street parking! Updated units! Two 1bd/1ba and one studio unit. 1 single car garage, and tenant storage closets! All units rented, stable tenants, strong cash flow! New foam roof in 2012 and sewer/plumbing redone 2011. Convenient to KAFB, hospitals, public transportation, Sunport, UNM, and CNM! Submit LOI or offer. Do not disturb tenants, property inspections upon accepted offer and proof of funds. Bundle with 408 Texas and 304 Texas for a ready-made portfolio! $245,000 Active

408 Pennsylvania Street SE Albuquerque, New Mexico

1 Beds 1 Baths 1,688 SqFt 0.16 Acres

This well-maintained triplex offers great potential with a projected 6.4% cap rate based on market rents. Two of the three units are currently vacant, providing flexibility for immediate leasing or light improvements. One unit is ideal for owner-occupancy, featuring its own private laundry and two bedrooms, while the other two one bedroom units share a separate laundry room.  The property features durable brick construction and  vinyl flooring , reducing long-term maintenance costs. Located just minutes from the airport and UNM, it's perfectly situated in a high-demand rental area known for strong occupancy rates and consistent tenant interest. $325,000 Active

3428 Vail Avenue SE Albuquerque, New Mexico

1 Beds 1 Baths 2,200 SqFt 0.16 Acres

Welcome home to Valley Farms. 4 PROPERTIES IN ONE! RESIDENTIAL INCOME OPPORTUNITY! This property is comprised of 3 homes with land & 1 parcel of vacant land. The main home has 4 (possibly 5) bedrooms, 3-baths, refrigerated air, was built in 1950 & has 2709 SqFt. It has been updated w/ fresh paint, some new flooring, refrigerated air & it includes .732 acres w/ water, sewer, gas & electric connected. Other parcels included are #101105114414330320 (2318 Trammel Ct.) with 1 bed, 1 bath casita & .652 acres, #101105117414330321 (2312 Trammell Ct.) with .709 acres of vacant land & #101105118714330326 (2306 Trammell Ct.) 2 bed, 1 bath mobile home & 1.052 acres. Seller will entertain selling parcels separately. Cash or Owner Financing only. Come check out this cool South Valley compound today! $1,200,000 Active

2327 Pajarito Road SW Albuquerque, New Mexico

4 Beds 3 Baths 2,709 SqFt 3.3 Acres

Excellent investment opportunity with this Fourplex offering strong rental potential. Each of the four units features 2 bedrooms and 1 bathroom, along with in-unit washer and dryer hookups. Property is being sold AS IS, allowing room for upgrades and increased value.Additional features include off-street parking for tenants, and individual storage units located at the back of the building. $285,000 Active

304 Texas Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,460 SqFt 0.18 Acres

Great opportunity to add  to or start your portfolio with this income producing 4- plex built in 2011. All units are 2 bedroom, 1 full bath plus washer/dryer in each unit. Galley kitchens with gas stoves, dishwasher and breakfast nook. Even has refrigerated Air! All units are individually metered for gas and electric. Off street parking for each tenant. Close to public transportation, restaurants, shopping, VA hospital, sunport, kirtland AF base and more. $479,000 Active

530 Alvarado Drive SE Albuquerque, New Mexico

2 Beds 1 Baths 3,400 SqFt 0.15 Acres

Corner lot duplex with quick access to Kirtland AFB, Sunport, and I-25.  Owner has renovated one unit and is currently renovating the other unit.  The renovated unit is currently occupied.      Units have all NEW Plumbing w/Green Tags. Units have NEW Load Centers and Wiring. Granite Counters and Ceramic Tile adorn the kitchen and bath. Baths have Kohler Tubs. Recessed lighting in living and kitchen areas. Gas Forced Air w/Refrigerated AC. On-Demand Hot Water in front unit. NEW trees with irrigation. Rip-Rap landscaping rock gives a rugged feel and protection from unwanted foot traffic across property. NEW Roof. NEW Synthetic Stucco. NEW Doors and Windows. $595,000 Active

3537/3539 Ross Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 1,783 SqFt 0.17 Acres

This 4 Plex consisting of 3 one bedroom units, and an owners unit featuring a 2 bedroom 1 bathroom, is an Incredible investment opportunity in a sought after area of town, with a large tenant base. Pride of ownership shows with recent maintenance and beautiful wood floors. 236 & 240 San Pablo share a common area in the center of the property and are the perfect pair for purchase; each sit on a separate parcel which qualifies each unit for traditional financing!! Current ownership has maintained tenants and steady growth in income, also doing some recent repairs such as stucco and appliances. Nice investment with an option for an owners suite, with room for growth with rents. $339,800 Active

236 San Pablo Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,760 SqFt 0.15 Acres

This 4 Plex consisting of 3 one bedroom units, and an owners unit featuring a 2 bedroom 1 bathroom, is an Incredible investment opportunity in a sought after area of town, with a large tenant base. Pride of ownership shows with recent maintenance and beautiful wood floors. 236 & 240 San Pablo share a common area in the center of the property and are the perfect pair for purchase; each sit on a separate parcel which qualifies each unit for traditional financing!! Current ownership has maintained tenants and steady growth in income, also doing some recent repairs such as stucco and appliances. Nice investment with an option for an owners suite, with room for growth with rents. $339,800 Active

240 San Pablo Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,760 SqFt 0.15 Acres

Large owners unit with fireplace . Roof is two years old Property must close at the same time as 2128 Coal SEProperty can be shown with 48hrs notice. $540,000 Active

2130 Coal Place SE Albuquerque, New Mexico

2 Beds 1 Baths 2,592 SqFt 0.16 Acres

Stunning 2BR/2BA home in Downtown Albuquerque with rare MX-L zoning. An ideal property for living, vacation rental, or business. Designed by a local artist in a dramatic ''Moody Desert Victorian'' style with copper-painted ceilings, stained glass, and a hidden bookcase door to the primary suite. Brand new metal roof, private jacuzzi, secure gated parking, and privacy fencing. Walk to top dining, bars, and galleries. Can be sold fully furnished which makes this property ready to rent or move right in! One-of-a-kind charm with income potential! $450,000 Active

501 3rd Street SW Albuquerque, New Mexico

2 Beds 2 Baths 0.09 Acres

: Welcome Home!! This nicely updated single-story is a charmer! Updated kitchen with new cabinets, countertops and stainless-steel appliances!! Refrigerated air! Refinished original wood floors and fresh paint throughout! Updated bathrooms! Also, a separate area that can be used as an income producing unit!! It is a must see!! $389,900 Active

1202 Truman Street SE Albuquerque, New Mexico

2 Beds 1 Baths 1,639 SqFt 0.14 Acres

All units are clean and well maintained. Lot's of updates and repairs in 2024 to improve condition of overall units. Presently all units are rented to a corporate entity and they pay elec and gas. Additional parking space could be available between garages if fence is down. $400,000 Active

3418 Smith Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,247 SqFt 0.17 Acres

Incredible investment opportunity! Two well-maintained brick triplexes, each with three 2 bed, 1 bath units. All units are currently occupied by long-term tenants, offering consistent rental income from day one. Located near Kirtland Air Force Base, UNM, hospitals, and shopping--making these properties highly desirable and easy to rent. Each triplex is listed separately, but both 1133 and 1129 can be purchased together for a stronger investment portfolio. Low-maintenance, income-producing, and situated in a prime Albuquerque location. Whether you're a seasoned investor or just getting started, this is a rare chance to secure reliable multifamily assets in a growing market. Don't miss out on this amazing opportunity! $330,000 Active

1133 Georgia Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,800 SqFt 0.15 Acres

Incredible investment opportunity! Two well-maintained brick triplexes, each with three 2 bed, 1 bath units. All units are currently occupied by long-term tenants, offering consistent rental income from day one. Located near Kirtland Air Force Base, UNM, hospitals, and shopping--making these properties highly desirable and easy to rent. Each triplex is listed separately, but both 1129 and 1133 can be purchased together for a stronger investment portfolio. Low-maintenance, income-producing, and situated in a prime Albuquerque location. Whether you're a seasoned investor or just getting started, this is a rare chance to secure reliable multifamily assets in a growing market. Don't miss out on this amazing opportunity! $330,000 Active

1129 Georgia Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,621 SqFt 0.15 Acres

Excellent duplex opportunity in the heart of Albuquerque! This property features two 1-bedroom, 1-bath units--perfect for investors, owner-occupants, or multigenerational living. Each unit offers a functional layout, fresh paint, and off-street parking. Located close to shopping, dining, public transit, and quick access to major roads. Live in one unit and rent the other, or add a solid asset to your portfolio. Don't miss out on this versatile and affordable property! $205,000 Active

516 Alvarado Drive SE Albuquerque, New Mexico

1 Beds 1 Baths 1,218 SqFt 0.16 Acres

Charming and affordable, this cozy home in the heart of Barelas is perfect for first-time buyers or savvy investors. Enjoy the benefits of off-street parking, a private yard, and updated features including newer vinyl windows and a modernized kitchen. Located in a walkable neighborhood near the zoo, local parks, and the Barelas Community Center--offering free amenities--this home offers comfort, convenience, and great potential in one of Albuquerque's most historic communities. Showings available with 24 hours notice and proof of funds. $175,000 Active

1203 Barelas Street Albuquerque, New Mexico

677 SqFt 0.07 Acres

Excellent income-producing 4plex in Albuquerque's vibrant and walkable Barelas neighborhood! This unique property includes a well-kept triplex plus a detached casita, each unit offering off-street parking and private yard space. One unit fully renovated in 2025 with modern finishes and new mini-splits and available for showings. Located just steps from the zoo, parks, and the Barelas Community Center with its free amenities. Units are under-rented, providing immediate value-add potential. Ideal for owner-occupants--live in one unit and let the other three pay the mortgage with low-down financing options available. $509,000 Active

1203, 1207 Barelas Road SW Albuquerque, New Mexico

1 Beds 1 Baths 2,797 SqFt 0.27 Acres

The property has been positioned to partner with the newly announced Touro College Dental  school to provide corporate housing for its interns and students.  The potential exists to furnish the units and pursue a long term partnership with the dental school.All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Apartments are separately metered and residents pay gas and electric. Very convenient location in up and com $523,491 Active

3444 Eastern Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,300 SqFt 0.19 Acres

Prime UNM location! Silver Hills neighborhood. 2 buildings - 121 Terrace - Four - 1 bedroom 1 bath units. 500SF each. Wall heater and window units for cooling.Each rented for $800/month. Current lease agreements. 117 & 119 Terrace is separate duplex. Both units are 1 bedroom 1 bath unit with screened front porches. Hardwood floors. Living room, dining room, full bath of bedroom and each unit has a basement for storage. 117 Terrace - 650SF long term tenant at below market rent. $625/m. M/M lease. 119 Terrace - 800SF. $975/m. M/M lease. Add cosmetic updates for instant equity! Flooring and fixtures can go along way. Priced to sell AS-IS. Please do not disturb tenants. Offer subject to inspection. NO RECs. Portfolio financing options available. $545,000 Active

121 Terrace Street SE Albuquerque, New Mexico

1 Beds 1 Baths 3,450 SqFt 0.08 Acres

High-Yield Investment Opportunity - 8.229% CAP Rate | Owner Financing AvailableDiscover a unique income-generating property offering immediate cash flow and multiple revenue streams--all on one lot! This exceptional investment features:Updated DuplexUnit 1: 1 Bedroom, 1.5 Baths, walk-in closet, and 2 charming fireplacesUnit 2: 3 Bedrooms, 2 BathsOwned Mobile Home - Included in the saleFour Additional Mobile Home Pads - Expand your potential with room to grow and increase rental incomeThis property is perfect for investors seeking a stable, diversified portfolio addition with built-in upside. Whether you're expanding your real estate holdings or looking for a turnkey opportunity, this property is ready to deliver strong returns.Owner financing available--cont $520,000 Active

110-114 Indiana Street SE 1-7 Albuquerque, New Mexico

1 Beds 2 Baths 2,400 SqFt 0.49 Acres

This is a great opportunity to add four unique cash flowing log cabin units to your investment portfolio!Both buildings have been updated, including newer refrigerated air conditioning and forced air heating, windows, roofing, electrical, countertops, toilets and vanities in all units, and luxury vinyl plank flooring in the upstairs units. One unit easy to show and currently vacant, with the other three occupied.Reach out to a broker for a private tour! $425,000 Active

1131 Louisiana Boulevard SE Albuquerque, New Mexico

2 Beds 1 Baths 3,500 SqFt 0.2 Acres

Fully occupied & recently renovated 6-plex in SE Albuquerque, offering strong income and low-maintenance ownership. All six 1BD/1BA units have updated kitchens, LVT flooring, tiled baths, and fresh finishes. Major mechanical upgrades include commercial-grade gas tankless water heaters and modern systems. Currently producing strong cash flow with proven rental demand. Cap rate at 6.9% with room to optimize. Ideal for buy-and-hold investors seeking stability and upside. All-electric units, landlord pays utilities. Showings by appointment only--please do not walk property or disturb tenants. $540,000 Active

525 Mesilla Street SE Albuquerque, New Mexico

1 Beds 1 Baths 2,200 SqFt 0.15 Acres

This property is only 1 block from the river and trails, 3/4 mile from downtown. The main house is 1500 sq ft and is beautifully designed and finished with the original 100 year old details. 3 bedrooms and 2 bathrooms. 2 separate/detached apartments, both 1 bedroom and 1 bath. 700 and 600 sq ft. Main house and apt C have fenced yard for dogs or privacy. Total monthly income is $3210 (It includes $40/month rent for storage building on property), tenants pay gas and electric. Rents can easily be increased. $485,000 Active

711 Lewis Avenue SW Albuquerque, New Mexico

3 Beds 2 Baths 0.17 Acres

***BACK ON THE MARKET !!!**Fantastic 4-Plex Property! An Incredible Investment Opportunity Awaits You. Enjoy Generous Enclosed Backyards Perfect for Relaxation and Outdoor Activities. Ideally Situated Near the Air Force Base, this Property Offers Convenient Access to Schools, Shopping, and Public Transport. Don't Miss Out--Come See It for Yourself! With a Brand New TPO Roof and Mini Splits Installed in All Units, Plus Tile Flooring In Each unit, This Property is A Must SEE !** $339,000 Active

801 Louisiana Boulevard SE Albuquerque, New Mexico

1 Beds 1 Baths 4,600 SqFt 0.14 Acres

Current price is result of recent bid process.Excellent location just off 4th and Menaul gives quick and easy access to great shopping, restaurants, old town, and the Indian Pueblo Cultural Center and a short distance to the Downtown Central Business District, Oldtown and  Saw Mill District.  The property features a 1930's north valley homes  is all authentic north valley Albuquerque charm with private courtyard walls in adobe colors.With an ask price of $250,0000 there is a lot of runway on this deal as the dozen comparable sales support a market value of $341,403, this charmer will go fast. $250,000 Active

424 Cordova Avenue NW Albuquerque, New Mexico

1 Baths 910 SqFt 0.14 Acres

Don't miss this unique opportunity to own a versatile 4-unit property ideally located just steps from the University of New Mexico main campus. (Under 1/2 mile and only an 8min walk). Minutes from groceries, laundry and food establishments. Perfect for investors or owner-occupants, this well-maintained building features two spacious 2-bedroom units and two cozy 1-bedroom units--each with beautiful hardwood floors that add warmth and character.Enjoy the privacy and serenity of a secluded central courtyard, perfect for relaxing or entertaining tenants and guests. The front building boasts a durable metal roof, while Unit #3 has been upgraded with a brand-new mini split HVAC system for year-round comfort. $520,000 Active

217 Princeton Drive SE Albuquerque, New Mexico

1 Beds 1 Baths 2,400 SqFt 0.16 Acres

The property is 100' from the Puerta Del Sol golf course and offers single story courtyard style units in spacious two bedroom / one bathroom configuration.  Each unit is a large two bedroom, one bathroom unit.This is the first time this property has been offered for sale from the family of the architect, Allan G Elsik, Architect who was a well known local architect who poured his talent, energy and passion in this this community.The property is owned by an estate and they heir's do need to cash out.At the current average rents of $1,200, and an ask price of $504,852 the measures of investment performance include a price per unit of $168,284, price per square foot of $181.02, a GRM of 11.69, an after reserves cap rate of 6.32%. $504,852 Active

3403 Anderson Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,789 SqFt 0.12 Acres

Beautifully renovated EDo Victorian 4-plex in the Huning Highland Historic District, one of ABQs first neighborhoods! Has been operating as mo.-to-mo. housing for the film/medical industries. Gorgeous 1-BR  main apartment perfect for an owner's unit with high ceilings, great natural light & original hardwood floors, a full kitchen, dining rm, large living room, & front sunroom (possible 2nd bdrm). All 3 other individual apts are 1-bdrm with full kitchens. Quaint (320 sq. ft.) basement unit in need of A-Z renovation could be a 5th unit. There is also an unfinished basement for storage (potentially rentable = additional income!). Shared laundry room for all units w/ext. access. Large backyard w/possible parking access for all-units. Just steps to Grove Cafe, I-25, downtown, etc. $715,000 Active

223 Edith Boulevard SE Albuquerque, New Mexico

1 Beds 1 Baths 2,400 SqFt 0.16 Acres

Solid , newer 4 plex Property located in established neighborhood.  Close to the International District, Medical, Grocery, Public Transportation, Airport and the VA Hospital. All units metered separately. One of the youngest properties in the area. Individually metered. Landlord pays water, trash and sewer. Recent refreshed stucco $485,000 Active

528 Alvarado Drive SE Albuquerque, New Mexico

2 Beds 1 Baths 3,400 SqFt 0.15 Acres

Value add opportunity! There are four detached units on one parcel. 607, 609, 611 Pacific Ave SE and 820 Walter St SE. You can lot split, raise rents to market, split 607 into 2 units, or live in 607 and let the rentals pay your mortgage. 607 unit received a new water heater, swamp cooler, and windows in 2024. The whole unit has fresh stucco as of 2023. 611 has a new TPO roof in the flat section as of 2023. Property is fully occupied with two tenants on month to month. Total monthly income is $3,810. Market rates for rents would bring income up to $4,900. $415,000 Active

607 Pacific Avenue SE Albuquerque, New Mexico

3 Beds 2 Baths 0.16 Acres

Here is your chance to own 3 rental homes for one price. One home is vacant. Live in one and rent the others. Located minutes from UNM, hospitals and the airport. This property has tons of potential. Many upgrades have been made to the homes. All homes are currently rented. Property also includes a courtyard and a garage at the back of the property. Garage could potentially be made into another unit or workshop. Message me for more information on rents, utilities, upgrades and how to view the homes. Make this rental property yours today. Tenants in place. Please do not disturb tenants $409,900 Active

920 Arno Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,258 SqFt 0.16 Acres

Exceptional property, a   duplex with great potential, perfect for the Owner Occupant needing separate Mother-in-law quarters or live in one rent the other one to help with the mortgage payment. $285,000 Active

445 California Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,000 SqFt 0.18 Acres

Front unit 1123 sf, casita 552 sf (per appraisal)! Perfect for investors or multi-gen living. Remodeled and fully furnished, this turnkey-ready gem includes a spacious 3BR/1.5BA unit and a cozy 1BR/1BA unit--both move-in ready! Great rental or short-term income potential near downtown ABQ. Live in one unit and rent the other, or maximize returns with both. Owner financing available with substantial down payment, adding flexibility to your investment. Updated, furnished, and income-ready--this property checks all the boxes! $399,000 Active

902 Coal Avenue SW Albuquerque, New Mexico

3 Beds 2 Baths 1,165 SqFt 0.1 Acres

Welcome to 834 Griegos NW, a unique five-unit compound-style property in Albuquerque's desirable North Valley. This mixed-use investment includes three residential units and two commercial spaces. Built in 1924 (per assessor records), local history suggests part of the building once served as a tack house. One commercial tenant has been in place for over 20 years, providing stability. Situated on a 0.40 -acre corner lot, the property boasts new roofs (March 2025) and strong walk, bike, and transit scores. Fully occupied and offering great potential. Motivated seller! NO SHOWINGS $629,000 Active

834 Griegos Road NW Albuquerque, New Mexico

2 Beds 2 Baths 5,080 SqFt 0.4 Acres

Turnkey 12-Unit Investment Property - Fully Upgraded & Energy Efficient!This well-maintained 12-unit property is a rare find, offering strong rental income with room for growth! Major capital improvements already completed including mini splits in each unit and the addition of an 80 gal electric water heater. Entire building has had an electrical upgrade and has been converted to electric appliances- new owner could potentially add solar to minimize utility bills. With room for rent increases, this is a fantastic opportunity for investors seeking a turnkey, high-efficiency building with strong cash flow potential. Contact your favorite Realtor for more details! $1,188,750 Active

1109 Arizona Street SE Albuquerque, New Mexico

2 Beds 1 Baths 9,400 SqFt 0.4 Acres

Stunning Custom Contemporary Townhome in the NE Heights with mountain views. Beautiful light and ambiance views, beautiful entrance with custom wood staircases, kitchen upstairs, refrigerated air, tankless water heater, 2x6 construction, with Quartz countertops, SS appliances, Dumbwaiter, Solid wood doors, has a 95% efficient forced air heater, tile through out home, large Master Suite upstairs and 2nd bedroom downstairs. The sharp and clean lines only accentuates the open and bright architecture. This home is absolutely Beautiful... Don't MISS IT!!! $419,000 Active

4224 Vida Verde Lane NE Albuquerque, New Mexico

3 Beds 3 Baths 1,600 SqFt 0.05 Acres

Stable cash-flowing property! This well-maintained 4-unit apartment complex features four spacious 2-bed, 1-bath units, consistently attracting tenants. Currently generating a gross annual income of $51,000 with an estimated NOI of $29,782, offering an attractive standalone cap rate of 7.94%. Must be sold together with the separately listed property at 126 Altez St. SE. MLS # 1078578. Both properties provide a combined cap rate of 8.14%. A strategic investment bundle in a strong rental market.Please see attached APOD's $360,000 Active

127 Garcia Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.19 Acres

Stable cash-flowing property! This well-maintained 4-unit apartment complex features four spacious 2-bed, 1-bath units, consistently attracting tenants. Currently generating a gross annual income of $52,800 with an estimated NOI of $31,294, offering an attractive standalone cap rate of 8.34%. Must be sold together with the separately listed property at 127 Garcia St. SE. MLS # 1078579. Both properties provide a combined cap rate of 8.14%. A strategic investment bundle in a strong rental market.Please see attached APOD's $360,000 Active

126 Altez Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.19 Acres

The property is located close to foothills trails, I-25, Kirtland Air Force Base, Sandia National Laboratories  and great local shopping & restaurants.  Each townhouse style apartment contains two bedrooms and one bathroom upstairs and 1/2 have bathroom and laundry room downstairs and they are also separately metered for gas and electric.  Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the west, 12100 Candelaria NE which is available for sale at $650,000.  The owner is willing to make both available to an investor who is looking for 8 units.Measures of investment performance at ask price of $750,000 and average rents of $1,250 are a GRM of 12.50, a 5.99% cap rate, $187,500 per unit,  $185/sf. $750,000 Active

12120 Candelaria Road NE Albuquerque, New Mexico

2 Beds 2 Baths 0.33 Acres

The property contains four, large one-story courtyard style apartment homes with unique, very private backyards and patio spaces.  Each apartment is also separately metered for gas and electric.  Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the east, 12120 Candelaria NE which will be available for sale at $750,000, after 12100 Candelaria NE closes.  The owner is willing to make both available to an investor who is looking for 8 units.Measures of investment performance at ask price of $650,000 and average rents of $1,125 are a GRM of 12.04, a 6.19% cap rate, $162,500 per unit.Assuming a new loan with a  25% down payment, an interest rate of 6.25% and 30 year amortization, an owner can live on the property for as little $82 $650,000 Active

12100 Candelaria Road NE Albuquerque, New Mexico

2 Beds 1 Baths 3,318 SqFt 0.3 Acres

potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit,  $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10% $433,651 Active

512 Mesilla Street SE Albuquerque, New Mexico

2 Beds 1 Baths 3,000 SqFt 0.16 Acres

Exceptional Investment Opportunity: Fully Rented 5-Plex. Don't miss this incredible opportunity to own a 5 units in a prime location! Each unit offers 605 sq. ft. of living space, featuring (4) 2 bedrooms, 1 bathroom, and 1 unit offering 1 bed 1 bath. Situated on a generous 0.18-acre lot, the property provides ample parking for tenants and guests. All units are currently occupied with tenants on month-to-month leases, giving you the flexibility to maintain the existing income or make updates as you see fit. With a total of 9 bedrooms across the property, this is an ideal setup for steady rental income. $619,900 Active

2700 Viola Road SW Albuquerque, New Mexico

2 Beds 1 Baths 0.18 Acres

This incredible investment property offer two units, each having 3 bedrooms and two bathrooms.  They both have their own private entrance, private yard space, and their own driveway.  Each property pays $1800 a month, ($43,200 total a year). They are currently on a month to month contract. $450,000 Active

409 57th Street NW Albuquerque, New Mexico

3 Beds 2 Baths 2,114 SqFt 0.19 Acres

NOW COMPLETE!!! CAP Rate 7.5% Sound Investment Opportunity. 3 Story Units with Luxury Amenities and Design. 2 bedroom 2 baths constructed by experienced, Sierra Hacienda Builders. See renderings. $1,600,000 Active

615 Iron Avenue SW Albuquerque, New Mexico

2 Beds 2 Baths 6,148 SqFt 0.16 Acres

Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into  its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit,  $128.42/sf. Rents have increased 13.7% in the last year.If rents are raised to the market of $1,075, the measures of investment performance improve to a cap rate of 7.37%.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces. $963,138 Active

1100 Palomas Drive SE Albuquerque, New Mexico

2 Beds 1 Baths 7,720 SqFt 0.56 Acres

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close  to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit,  $186/sf and an after tax IRR of 13.2%. $579,429 Active

12229 Menaul Boulevard NE Albuquerque, New Mexico

3 Beds 2 Baths 3,107 SqFt 0.19 Acres

Back on the market after multiiple offers.This property has recent appraisal with a today value of $930,000 and a future value of $1,070,000 and is approved for a loan from the Ventana Fund with a term sheet that includes 80% loan to value, 5.35% interest rates. Lender would require approval of the Buyer(s). $930,000 Active

335 Espanola Street NE Albuquerque, New Mexico

1 Baths 7,500 SqFt 0.46 Acres

DO NOT DISTURB TENANTS.Shown by appointment ONLY and will only be shown with accepted deal.8.00% CAP RATE ON NOI. See broker for financial information.Fully Leased! Recently Remodeled! This Property has been recently remodeled with a number of improvements including new roofs, stucco, windows, doors.Landscaping, paving, and gravel driveway is all new.The units have kitchen remodels including countertops, cabinets, backsplashes, stainless appliances. Apt 1 received a full interior renovation.Apt 2 received a kitchen & living renovation. Apt 3: kitchen renovation, flooring, The 3 bed Home received updates throughout including a kitchen renovation and 3 new refrigerated air units and has a private walled yard area. $593,000 Active

644 Louisiana Boulevard SE Albuquerque, New Mexico

1 Beds 1 Baths 3,411 SqFt 0.31 Acres

View All Multi-Family Homes For Sale in Albuquerque NM

For those investors seeking a reliable and consistent source of income, ABQ multi-family for sale is an ideal investment. With multiple units for rent, these properties effectively offset the vacancy risk, allowing investors to generate a steady income stream. Additionally, investing in multi-family properties can be an excellent source of positive cash flow.  Another opportunity is property appreciation. In addition, investing in multi-family homes allows you to enjoy substantial benefits and earn an attractive return on investments.

So, if you’re looking to start investing in Albuquerque, NM, multifamily for sale, now may be the time to begin. Indeed, an apartment complex for sale Albuquerque may be the answer you’ve been looking for. An apartment can provide greater stability and higher returns than other investment options. Investing in Multi-family homes is a solid choice for anyone looking for reliable income year after year. So why wait? Start exploring your options today in Albuquerque, NM. Discover the true potential of multi-family property investing!

Albuquerque Multi-Family Homes For Sale – 4Plex

Excellent opportunity to own a fully rented four-plex located in the heart of Albuquerque's La Mesa neighborhood. Each unit offers 2 bedrooms, 1 bathroom, approximately 680 sq ft of living space, individual washer/dryer hookups, a washer currently in each unit, a storage unit with electricity houses 2 dryers, tile flooring throughout (no carpet), and one dedicated parking space. All units have separate entrances and access to a shared courtyard. Additional on-site storage is available in a detached structure. Conveniently located just 4 miles from the University of New Mexico, with nearby access to public transit, shopping, dining, and parks. A strong income-producing asset in a high-demand rental area is ideal for investors seeking solid returns with low-maintenance features. $370,000 Active

411 Wisconsin Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.16 Acres

Fourplex featuring all two bedroom, one bath units. Seller will sell single building on its own or with  3409 Eastern listing. Unit 6 is currently vacant and being used for storage and has no Stove/Refrigerator. The new owner will need to update the electrical service in order to rent this unit.  This unit is only unit being shown.Please refrain from disturbing or contacting tenants in anyway. $390,000 Active

3413 Eastern Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,700 SqFt 0.16 Acres

Fourplex featuring all two bedroom, one bath units.  Seller will sell single building on its own or with  3413,Eastern listing. Unit 1 is currently vacant, does not have Stove/Refrigerator, and only unit being shown.Please refrain from disturbing or contacting tenants in anyway. $390,000 Active

3409 Eastern Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 0.16 Acres

Seize a rare investment opportunity in the heart of Albuquerque's Northwest valley. This expansive 3,476 sq ft multi-family property offers exceptional potential for both seasoned investors and owner-occupants. Situated on a generous lot, the property features multiple units, each equipped with in-unit washer and dryers and covered parking, adding convenience and value for tenants. $550,000 Active

325 San Andres Avenue NW Albuquerque, New Mexico

2 Beds 1 Baths 3,476 SqFt 0.23 Acres

nvestor Opportunity - Four-Plex with Recent UpgradesStep into ownership with this income-producing four-plex, perfect for the seasoned investor or the entrepreneur ready to start building wealth.Unit A has been beautifully remodeled, offering fresh finishes and modern appeal to attract quality tenants. The property boasts a brand-new roof (2025) covering 80% of the complex, with the remaining 20% replaced just four years ago--giving you peace of mind and reduced maintenance costs for years to come.This multi-unit setup offers steady rental potential, multiple income streams, and the chance to live in one unit while leasing the others. Whether you're looking to expand your portfolio or start your investment journey, this property delivers both stability and growth potential. $330,000 Active

405 Utah Street SE Albuquerque, New Mexico

2 Beds 1 Baths 0.12 Acres

Solid Investment Opportunity: This 4-unit, 1-bedroom/1-bath fourplex offers approximately 500sq. ft. per unit with efficient layouts featuring a kitchen and open living space. Three units are vacant with some modern updates already completed, while one unit remains occupied in original condition. Recent upgrades include brand new, up-to-code electrical service for the entire building and a durable TPO roof. With solid bones and key improvements in place, this property is primed for finishing touches to maximize rental income and long-term value. $250,000 Active

219 Dallas Street NE Albuquerque, New Mexico

1 Beds 1 Baths 0.17 Acres

Excellent investment opportunity with this Fourplex offering strong rental potential. Each of the four units features 2 bedrooms and 1 bathroom, along with in-unit washer and dryer hookups. Property is being sold AS IS, allowing room for upgrades and increased value.Additional features include off-street parking for tenants, and individual storage units located at the back of the building. $285,000 Active

304 Texas Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,460 SqFt 0.18 Acres

Great opportunity to add  to or start your portfolio with this income producing 4- plex built in 2011. All units are 2 bedroom, 1 full bath plus washer/dryer in each unit. Galley kitchens with gas stoves, dishwasher and breakfast nook. Even has refrigerated Air! All units are individually metered for gas and electric. Off street parking for each tenant. Close to public transportation, restaurants, shopping, VA hospital, sunport, kirtland AF base and more. $479,000 Active

530 Alvarado Drive SE Albuquerque, New Mexico

2 Beds 1 Baths 3,400 SqFt 0.15 Acres

This 4 Plex consisting of 3 one bedroom units, and an owners unit featuring a 2 bedroom 1 bathroom, is an Incredible investment opportunity in a sought after area of town, with a large tenant base. Pride of ownership shows with recent maintenance and beautiful wood floors. 236 & 240 San Pablo share a common area in the center of the property and are the perfect pair for purchase; each sit on a separate parcel which qualifies each unit for traditional financing!! Current ownership has maintained tenants and steady growth in income, also doing some recent repairs such as stucco and appliances. Nice investment with an option for an owners suite, with room for growth with rents. $339,800 Active

236 San Pablo Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,760 SqFt 0.15 Acres

This 4 Plex consisting of 3 one bedroom units, and an owners unit featuring a 2 bedroom 1 bathroom, is an Incredible investment opportunity in a sought after area of town, with a large tenant base. Pride of ownership shows with recent maintenance and beautiful wood floors. 236 & 240 San Pablo share a common area in the center of the property and are the perfect pair for purchase; each sit on a separate parcel which qualifies each unit for traditional financing!! Current ownership has maintained tenants and steady growth in income, also doing some recent repairs such as stucco and appliances. Nice investment with an option for an owners suite, with room for growth with rents. $339,800 Active

240 San Pablo Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,760 SqFt 0.15 Acres

Excellent income-producing 4plex in Albuquerque's vibrant and walkable Barelas neighborhood! This unique property includes a well-kept triplex plus a detached casita, each unit offering off-street parking and private yard space. One unit fully renovated in 2025 with modern finishes and new mini-splits and available for showings. Located just steps from the zoo, parks, and the Barelas Community Center with its free amenities. Units are under-rented, providing immediate value-add potential. Ideal for owner-occupants--live in one unit and let the other three pay the mortgage with low-down financing options available. $509,000 Active

1203, 1207 Barelas Road SW Albuquerque, New Mexico

1 Beds 1 Baths 2,797 SqFt 0.27 Acres

The property has been positioned to partner with the newly announced Touro College Dental  school to provide corporate housing for its interns and students.  The potential exists to furnish the units and pursue a long term partnership with the dental school.All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Apartments are separately metered and residents pay gas and electric. Very convenient location in up and com $523,491 Active

3444 Eastern Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,300 SqFt 0.19 Acres

This is a great opportunity to add four unique cash flowing log cabin units to your investment portfolio!Both buildings have been updated, including newer refrigerated air conditioning and forced air heating, windows, roofing, electrical, countertops, toilets and vanities in all units, and luxury vinyl plank flooring in the upstairs units. One unit easy to show and currently vacant, with the other three occupied.Reach out to a broker for a private tour! $425,000 Active

1131 Louisiana Boulevard SE Albuquerque, New Mexico

2 Beds 1 Baths 3,500 SqFt 0.2 Acres

***BACK ON THE MARKET !!!**Fantastic 4-Plex Property! An Incredible Investment Opportunity Awaits You. Enjoy Generous Enclosed Backyards Perfect for Relaxation and Outdoor Activities. Ideally Situated Near the Air Force Base, this Property Offers Convenient Access to Schools, Shopping, and Public Transport. Don't Miss Out--Come See It for Yourself! With a Brand New TPO Roof and Mini Splits Installed in All Units, Plus Tile Flooring In Each unit, This Property is A Must SEE !** $339,000 Active

801 Louisiana Boulevard SE Albuquerque, New Mexico

1 Beds 1 Baths 4,600 SqFt 0.14 Acres

Don't miss this unique opportunity to own a versatile 4-unit property ideally located just steps from the University of New Mexico main campus. (Under 1/2 mile and only an 8min walk). Minutes from groceries, laundry and food establishments. Perfect for investors or owner-occupants, this well-maintained building features two spacious 2-bedroom units and two cozy 1-bedroom units--each with beautiful hardwood floors that add warmth and character.Enjoy the privacy and serenity of a secluded central courtyard, perfect for relaxing or entertaining tenants and guests. The front building boasts a durable metal roof, while Unit #3 has been upgraded with a brand-new mini split HVAC system for year-round comfort. $520,000 Active

217 Princeton Drive SE Albuquerque, New Mexico

1 Beds 1 Baths 2,400 SqFt 0.16 Acres

Beautifully renovated EDo Victorian 4-plex in the Huning Highland Historic District, one of ABQs first neighborhoods! Has been operating as mo.-to-mo. housing for the film/medical industries. Gorgeous 1-BR  main apartment perfect for an owner's unit with high ceilings, great natural light & original hardwood floors, a full kitchen, dining rm, large living room, & front sunroom (possible 2nd bdrm). All 3 other individual apts are 1-bdrm with full kitchens. Quaint (320 sq. ft.) basement unit in need of A-Z renovation could be a 5th unit. There is also an unfinished basement for storage (potentially rentable = additional income!). Shared laundry room for all units w/ext. access. Large backyard w/possible parking access for all-units. Just steps to Grove Cafe, I-25, downtown, etc. $715,000 Active

223 Edith Boulevard SE Albuquerque, New Mexico

1 Beds 1 Baths 2,400 SqFt 0.16 Acres

Solid , newer 4 plex Property located in established neighborhood.  Close to the International District, Medical, Grocery, Public Transportation, Airport and the VA Hospital. All units metered separately. One of the youngest properties in the area. Individually metered. Landlord pays water, trash and sewer. Recent refreshed stucco $485,000 Active

528 Alvarado Drive SE Albuquerque, New Mexico

2 Beds 1 Baths 3,400 SqFt 0.15 Acres

Value add opportunity! There are four detached units on one parcel. 607, 609, 611 Pacific Ave SE and 820 Walter St SE. You can lot split, raise rents to market, split 607 into 2 units, or live in 607 and let the rentals pay your mortgage. 607 unit received a new water heater, swamp cooler, and windows in 2024. The whole unit has fresh stucco as of 2023. 611 has a new TPO roof in the flat section as of 2023. Property is fully occupied with two tenants on month to month. Total monthly income is $3,810. Market rates for rents would bring income up to $4,900. $415,000 Active

607 Pacific Avenue SE Albuquerque, New Mexico

3 Beds 2 Baths 0.16 Acres

Stable cash-flowing property! This well-maintained 4-unit apartment complex features four spacious 2-bed, 1-bath units, consistently attracting tenants. Currently generating a gross annual income of $51,000 with an estimated NOI of $29,782, offering an attractive standalone cap rate of 7.94%. Must be sold together with the separately listed property at 126 Altez St. SE. MLS # 1078578. Both properties provide a combined cap rate of 8.14%. A strategic investment bundle in a strong rental market.Please see attached APOD's $360,000 Active

127 Garcia Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.19 Acres

Stable cash-flowing property! This well-maintained 4-unit apartment complex features four spacious 2-bed, 1-bath units, consistently attracting tenants. Currently generating a gross annual income of $52,800 with an estimated NOI of $31,294, offering an attractive standalone cap rate of 8.34%. Must be sold together with the separately listed property at 127 Garcia St. SE. MLS # 1078579. Both properties provide a combined cap rate of 8.14%. A strategic investment bundle in a strong rental market.Please see attached APOD's $360,000 Active

126 Altez Street NE Albuquerque, New Mexico

2 Beds 1 Baths 0.19 Acres

The property is located close to foothills trails, I-25, Kirtland Air Force Base, Sandia National Laboratories  and great local shopping & restaurants.  Each townhouse style apartment contains two bedrooms and one bathroom upstairs and 1/2 have bathroom and laundry room downstairs and they are also separately metered for gas and electric.  Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the west, 12100 Candelaria NE which is available for sale at $650,000.  The owner is willing to make both available to an investor who is looking for 8 units.Measures of investment performance at ask price of $750,000 and average rents of $1,250 are a GRM of 12.50, a 5.99% cap rate, $187,500 per unit,  $185/sf. $750,000 Active

12120 Candelaria Road NE Albuquerque, New Mexico

2 Beds 2 Baths 0.33 Acres

The property contains four, large one-story courtyard style apartment homes with unique, very private backyards and patio spaces.  Each apartment is also separately metered for gas and electric.  Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the east, 12120 Candelaria NE which will be available for sale at $750,000, after 12100 Candelaria NE closes.  The owner is willing to make both available to an investor who is looking for 8 units.Measures of investment performance at ask price of $650,000 and average rents of $1,125 are a GRM of 12.04, a 6.19% cap rate, $162,500 per unit.Assuming a new loan with a  25% down payment, an interest rate of 6.25% and 30 year amortization, an owner can live on the property for as little $82 $650,000 Active

12100 Candelaria Road NE Albuquerque, New Mexico

2 Beds 1 Baths 3,318 SqFt 0.3 Acres

potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit,  $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10% $433,651 Active

512 Mesilla Street SE Albuquerque, New Mexico

2 Beds 1 Baths 3,000 SqFt 0.16 Acres

DO NOT DISTURB TENANTS.Shown by appointment ONLY and will only be shown with accepted deal.8.00% CAP RATE ON NOI. See broker for financial information.Fully Leased! Recently Remodeled! This Property has been recently remodeled with a number of improvements including new roofs, stucco, windows, doors.Landscaping, paving, and gravel driveway is all new.The units have kitchen remodels including countertops, cabinets, backsplashes, stainless appliances. Apt 1 received a full interior renovation.Apt 2 received a kitchen & living renovation. Apt 3: kitchen renovation, flooring, The 3 bed Home received updates throughout including a kitchen renovation and 3 new refrigerated air units and has a private walled yard area. $593,000 Active

644 Louisiana Boulevard SE Albuquerque, New Mexico

1 Beds 1 Baths 3,411 SqFt 0.31 Acres

View All 4-plex for sale in Albuquerque.

Are you looking to invest in multi-family homes for sale in Albuquerque, NM? Then check out all of the fourplexes for sale in Albuquerque, NM, on our website today. So why wait? Start browsing listings today and discover your perfect multi-family home in Albuquerque, NM!

With these Albuquerque multifamily properties for sale, you can enjoy the benefits of rental income and secure real estate investments.

Albuquerque NM Multi-Family Homes For Sale – Triplex

INVESTMENT OPPORTUNITY YOU DON'T WANT TO MISS. This tri-plex on Tennessee Street offers three single-story units, each about 750 square feet with 2 bedrooms, 1 bath, and small yards! Inside you'll find a simple, functional layout with a range and refrigerator included. Each apartment comes with its own dedicated parking space, creating ease for tenants. The property is currently tenant occupied, providing immediate potential income for a savvy investor. Don't wait--secure this promising income-producing property today! $320,000 Active

325 Tennessee Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,304 SqFt 0.16 Acres

Great triplex with two long-term occupants! Shaded courtyard entry with off-street parking. Closed storage at rear of property.  Do not disturb tenants, walk through of units with accepted offers. Call listing agent with any questions. YTD operating expenses in documents. Bundle with 408 Pennsylvania and 408 Texas for a ready-made portfolio! $235,000 Active

304 Texas Street NE Albuquerque, New Mexico

1 Beds 1 Baths 1,712 SqFt 0.16 Acres

This conveniently located classic triplex has very large units with abundant storage. Washer hookups in the kitchens, dryer hookups in the storage closets. Small private patios. Tenants pay gas/electric. Each unit is approx 950 sf. Forced air heat with separate coolers. No showings without an accepted offer. Do not talk to tenants or snoop the property. $505,000 Active

2627 Dakota Street NE Albuquerque, New Mexico

2 Beds 1 Baths 2,900 SqFt 0.19 Acres

Attention Investors! Discover this income-generating triplex offering a potential perfect for seasoned investors or those new to multifamily investing. This centrally located Triplex offers; One large unit with 2 beds 1 bath. And two units with 1 bed 1 bath. Each of the 3 units features its own back patio area, along with access to a shared backyard shaded by mature trees--a gem find!  Building has been well maintained with clean and efficient units. ALL units are currently occupied generating immediate income potential. Whether you're looking to add to your portfolio or start your real estate investment journey. Building next door is also listed at 301 Tennessee Se. Will sell both as a package deal! Make an OFFER today!! $319,000 Active

305 Tennessee Street SE Albuquerque, New Mexico

2 Beds 1 Baths 1,983 SqFt 0.16 Acres

Attention Investors! Discover this income-generating triplex offering a potential perfect for seasoned investors or those new to multifamily investing. This centrally located Triplex offers; One large unit with 2 beds 1 bath. And two units with 1 bed 1 bath. Each of the 3 units features its own back patio area, along with access to a shared backyard shaded by mature trees--a gem find!  Building has been well maintained with clean and efficient units. ALL units are currently occupied generating immediate income potential. Whether you're looking to add to your portfolio or start your real estate investment journey. Building next door is also listed at 305 Tennessee Se. Will sell both as a package deal! Make an OFFER today!! $329,000 Active

301 Tennessee Street SE Albuquerque, New Mexico

2 Beds 1 Baths 1,983 SqFt 0.16 Acres

Adorable brick triplex with gated courtyard entry and off street parking! Updated units! Two 1bd/1ba and one studio unit. 1 single car garage, and tenant storage closets! All units rented, stable tenants, strong cash flow! New foam roof in 2012 and sewer/plumbing redone 2011. Convenient to KAFB, hospitals, public transportation, Sunport, UNM, and CNM! Submit LOI or offer. Do not disturb tenants, property inspections upon accepted offer and proof of funds. Bundle with 408 Texas and 304 Texas for a ready-made portfolio! $245,000 Active

408 Pennsylvania Street SE Albuquerque, New Mexico

1 Beds 1 Baths 1,688 SqFt 0.16 Acres

This well-maintained triplex offers great potential with a projected 6.4% cap rate based on market rents. Two of the three units are currently vacant, providing flexibility for immediate leasing or light improvements. One unit is ideal for owner-occupancy, featuring its own private laundry and two bedrooms, while the other two one bedroom units share a separate laundry room.  The property features durable brick construction and  vinyl flooring , reducing long-term maintenance costs. Located just minutes from the airport and UNM, it's perfectly situated in a high-demand rental area known for strong occupancy rates and consistent tenant interest. $325,000 Active

3428 Vail Avenue SE Albuquerque, New Mexico

1 Beds 1 Baths 2,200 SqFt 0.16 Acres

Large owners unit with fireplace . Roof is two years old Property must close at the same time as 2128 Coal SEProperty can be shown with 48hrs notice. $540,000 Active

2130 Coal Place SE Albuquerque, New Mexico

2 Beds 1 Baths 2,592 SqFt 0.16 Acres

All units are clean and well maintained. Lot's of updates and repairs in 2024 to improve condition of overall units. Presently all units are rented to a corporate entity and they pay elec and gas. Additional parking space could be available between garages if fence is down. $400,000 Active

3418 Smith Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,247 SqFt 0.17 Acres

Incredible investment opportunity! Two well-maintained brick triplexes, each with three 2 bed, 1 bath units. All units are currently occupied by long-term tenants, offering consistent rental income from day one. Located near Kirtland Air Force Base, UNM, hospitals, and shopping--making these properties highly desirable and easy to rent. Each triplex is listed separately, but both 1133 and 1129 can be purchased together for a stronger investment portfolio. Low-maintenance, income-producing, and situated in a prime Albuquerque location. Whether you're a seasoned investor or just getting started, this is a rare chance to secure reliable multifamily assets in a growing market. Don't miss out on this amazing opportunity! $330,000 Active

1133 Georgia Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,800 SqFt 0.15 Acres

Incredible investment opportunity! Two well-maintained brick triplexes, each with three 2 bed, 1 bath units. All units are currently occupied by long-term tenants, offering consistent rental income from day one. Located near Kirtland Air Force Base, UNM, hospitals, and shopping--making these properties highly desirable and easy to rent. Each triplex is listed separately, but both 1129 and 1133 can be purchased together for a stronger investment portfolio. Low-maintenance, income-producing, and situated in a prime Albuquerque location. Whether you're a seasoned investor or just getting started, this is a rare chance to secure reliable multifamily assets in a growing market. Don't miss out on this amazing opportunity! $330,000 Active

1129 Georgia Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,621 SqFt 0.15 Acres

The property is 100' from the Puerta Del Sol golf course and offers single story courtyard style units in spacious two bedroom / one bathroom configuration.  Each unit is a large two bedroom, one bathroom unit.This is the first time this property has been offered for sale from the family of the architect, Allan G Elsik, Architect who was a well known local architect who poured his talent, energy and passion in this this community.The property is owned by an estate and they heir's do need to cash out.At the current average rents of $1,200, and an ask price of $504,852 the measures of investment performance include a price per unit of $168,284, price per square foot of $181.02, a GRM of 11.69, an after reserves cap rate of 6.32%. $504,852 Active

3403 Anderson Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 2,789 SqFt 0.12 Acres

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close  to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit,  $186/sf and an after tax IRR of 13.2%. $579,429 Active

12229 Menaul Boulevard NE Albuquerque, New Mexico

3 Beds 2 Baths 3,107 SqFt 0.19 Acres

View All Triplexes For Sale In Albuquerque, NM

Searching for multifamily homes for sale in Albuquerque, NM? Then look no further than our website. Here, you will find all the triplexes for sale in Albuquerque. Browse our listings and find the perfect multifamily home or triplex for sale Albuquerque today!

Multi-Family Home For Sale Albuquerque NM – Duplex

This sweet  one acre compound offer a space for  folks to grow their own food  and garden under the shade of the cottonwood trees in Albuquerque's close- in south valley. The  charming adobe home  has 2 bedrooms, one bath and an office/library space.  A separate live- in studio with a loft and complete kitchen and bath.  Extra  bonus space is provided  in an adobe office/ guest space. with bath.  Roomy storage space ( 7x20) adjoins  this space. A  20x12' separate storage workshop.  This property is  irrigated both from the  aceqia ditch and by a registered well. The buildings have municipal water and sewer. The entire property is fully fenced with 2 large access gates.This property is on a dead end street . $560,000 Active

1911 Poplar Lane SW Albuquerque, New Mexico

2 Beds 1 Baths 1 Acres

Beautifully Updated Duplex in Prime Albuquerque Location. A rare duplex opportunity located right on the river in one of Albuquerque's most desirable and convenient neighborhoods. This property offers the perfect blend of serene natural surroundings and city accessibility. Just minutes from Old Town, Downtown, the zoo, and the Albuquerque Country Club. Both units have been tastefully remodeled with modern updates, offering comfortable living spaces that are move-in ready. Recent improvements include a brand-new roof, fresh finishes, and upgraded interiors that make this property as functional as it is attractive. Whether you're looking for a smart investment property or a home that offers additional rental income, this duplex checks every box. $279,000 Active

425 Sunset Road SW Albuquerque, New Mexico

2 Beds 1 Baths 1,440 SqFt 0.22 Acres

''NOB HILL INVESTMENT OPPORTUNITY''This charming two-bedroom, one-bathroom duplex is now available for sale.  The property features a generous living room, a combined kitchen and dining area, and offers an excellent opportunity for investors of owner-occupants.The duplex is located in the highly desirable Nob Hill neighborhood, providing a prime location convenient access to local shops,  the University Of New Mexico (UNM), UNM hospital, and a wide array of desirable amenities.With the unit currently vacant, this presents a unique and immediate opportunity to select your own tenants, offering a potential rental income of approximately $1,800 to $2,000 per month.  This is a great chance to acquire a valuable property in a sought-after area. $400,000 Active

205 Morningside 207 Drive NE Albuquerque, New Mexico

2 Beds 1 Baths 1,718 SqFt 0.16 Acres

Duplex investment opportunity. Consistently rented out. Well maintained and taken care of. Ready for new owners to take over. Both units feature hardwood floors, country kitchens, & separate backyards. $265,000 Active

324/326 Charleston Street NE Albuquerque, New Mexico

2 Beds 1 Baths 1,890 SqFt 0.17 Acres

Corner lot duplex with quick access to Kirtland AFB, Sunport, and I-25.  Owner has renovated one unit and is currently renovating the other unit.  The renovated unit is currently occupied.      Units have all NEW Plumbing w/Green Tags. Units have NEW Load Centers and Wiring. Granite Counters and Ceramic Tile adorn the kitchen and bath. Baths have Kohler Tubs. Recessed lighting in living and kitchen areas. Gas Forced Air w/Refrigerated AC. On-Demand Hot Water in front unit. NEW trees with irrigation. Rip-Rap landscaping rock gives a rugged feel and protection from unwanted foot traffic across property. NEW Roof. NEW Synthetic Stucco. NEW Doors and Windows. $595,000 Active

3537/3539 Ross Avenue SE Albuquerque, New Mexico

2 Beds 1 Baths 1,783 SqFt 0.17 Acres

: Welcome Home!! This nicely updated single-story is a charmer! Updated kitchen with new cabinets, countertops and stainless-steel appliances!! Refrigerated air! Refinished original wood floors and fresh paint throughout! Updated bathrooms! Also, a separate area that can be used as an income producing unit!! It is a must see!! $389,900 Active

1202 Truman Street SE Albuquerque, New Mexico

2 Beds 1 Baths 1,639 SqFt 0.14 Acres

Excellent duplex opportunity in the heart of Albuquerque! This property features two 1-bedroom, 1-bath units--perfect for investors, owner-occupants, or multigenerational living. Each unit offers a functional layout, fresh paint, and off-street parking. Located close to shopping, dining, public transit, and quick access to major roads. Live in one unit and rent the other, or add a solid asset to your portfolio. Don't miss out on this versatile and affordable property! $205,000 Active

516 Alvarado Drive SE Albuquerque, New Mexico

1 Beds 1 Baths 1,218 SqFt 0.16 Acres

Current price is result of recent bid process.Excellent location just off 4th and Menaul gives quick and easy access to great shopping, restaurants, old town, and the Indian Pueblo Cultural Center and a short distance to the Downtown Central Business District, Oldtown and  Saw Mill District.  The property features a 1930's north valley homes  is all authentic north valley Albuquerque charm with private courtyard walls in adobe colors.With an ask price of $250,0000 there is a lot of runway on this deal as the dozen comparable sales support a market value of $341,403, this charmer will go fast. $250,000 Active

424 Cordova Avenue NW Albuquerque, New Mexico

1 Baths 910 SqFt 0.14 Acres

Exceptional property, a   duplex with great potential, perfect for the Owner Occupant needing separate Mother-in-law quarters or live in one rent the other one to help with the mortgage payment. $285,000 Active

445 California Street SE Albuquerque, New Mexico

2 Beds 1 Baths 2,000 SqFt 0.18 Acres

View All Duplexes For Sale In Albuquerque, NM

Our website is your go-to resource if you’re looking for a duplex for sale in Albuquerque, NM. Our MLS listings in Albuquerque feature a wide selection, and you can find the duplex for sale ABQ that meets your goals. With such a generous selection, we are optimistic that you will be able to find the perfect duplex that meets all of your needs. We make finding the perfect duplexes for sale in Albuquerque New Mexico!. Please no longer delay; explore our duplexes for sale in Albuquerque, NM, today!

Myers & Myers Real Estate

The real estate market constantly changes; no two clients or transactions are alike. Above all, investors are the cornerstone of our business philosophy in achieving the real estate goals of our Multi-Family Houses For Sale in Albuquerque, NM.

Furthermore, selecting the best investor-friendly real estate agent in Albuquerque, NM, will be the most critical decision when investing in multi-family homes in Albuquerque.

Our real estate agents have extensive experience in the multi-family homes market and are agents you can trust. In addition, we have the knowledge and expertise to help you invest in real estate and multi family homes for sale.  Furthermore, our team is here to help you through the process, from searching to closing on the deal.

Myers & Myers Real Estate has been helping real estate investors in Albuquerque, NM, since 2010, and we’re ready to use our expertise for you.

Albuquerque Buyer’s Real Estate Agents

When finding the perfect investment real estate in Albuquerque, NM, you need an experienced buyer’s real estate agent. With our help, you can rest assured that you’ll find the right real estate for your needs and budget. We’ll ensure you don’t miss out on any multi family homes that fit your goals and help you negotiate the best possible price. So, if you’re ready to find an investment home in Albuquerque, contact us today, and let’s start your exciting journey!

Albuquerque Seller’s Real Estate Agents

When selling your multi-family apartment, you need a real estate agent who truly understands the ins and outs of the Albuquerque, NM, apartment market. At Myers & Myers Real Estate, our office has expert agents who have the knowledge and experience to help you sell your apartment quickly and efficiently.

With our expertise as seller real estate agents, we will put you in the strongest negotiating position possible, making it easier for you to navigate the selling process with fewer surprises.

Whether you are an experienced investor or a first-time seller, choosing our team of real estate professionals can help you get the desired results. Our extensive marketing expertise means that we will be able to find buyers for even your most unique and challenging multi-family home listing. So, if you want to sell your real estate confidently and efficiently, look no further than Myers & Myers Real Estate!

Conclusion – Multi Family Home For Sale Albuquerque

In conclusion, a multi-family home may present an excellent opportunity for investors and homeowners looking to maximize their investment. These properties offer a unique blend of financial stability and the potential to generate consistent rental income, making them a smart choice in today’s market. Whether you’re searching for a home to live in or a property to grow your portfolio, Albuquerque has a lot to offer. With the proper guidance and a solid credit strategy, you can find the perfect home that fits your needs while securing your financial future. Explore the possibilities and take the first step toward owning a multi-family home in Albuquerque today!

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John Myers, Qualifying Broker
(505) 401-7500
myersandmyersrealestate@gmail.com
License #19085
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9550 Elena Dr NE Albuquerque, New Mexico 87122


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