325 19th Street, Albuquerque, 87104

Residential Income - Triplex For Sale in Roehls Garden Add


MLS® #: 931183
Pending, 174 Days on Market

NM Apartment Advisors is very excited to bring to market this Old Town Triplex to market - located at where Marble meets 19th street, just south of Tiguex Park and the Albuquerque museum at 325 19th NW, this property has a high walk (80), bike (97), and transit (40) scores.Each unit is a residence in its own - with fireplaces, laundry rooms and unusually unique built-ins and could make an ideal vacation rental.At the ask price of $299,000 and an average rent of $853, the measure of investment performance include a GRM of 10.25, a CAP rate of 5.82%, a price per unit of $99,667, a price per square foot of $113.47 a before tax IRR of 11.80% and an after tax IRR of 9.10%.If rents were raised to market of $1,041, the measure of investment performance improve to a cap rate of 7.62%.

Essential Information

MLS® #: 931183
Price: $299,000
Square Footage: 2,625
Acres: 0.10
Year Built: 1941
Type: Residential Income
Sub-Type: Triplex
Status: Pending

Community Information

Address: 325 19th Street
Area: 80 - Downtown Area
Subdivision: Roehls Garden Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87104


Amenities: No Landscaping, Owners Unit
Utilities: All City
Parking Spaces: 3


Appliances: Refrigerator
Heating: 2+ Units
Cooling: 2+Units
# of Stories: 1
Stories: 1 Story


Construction: Adobe, Block, Frame

Additional Information

Date Listed: October 24th, 2018
Days on Market: 174
Zoning: R-ML*

Listing Details

Listing Office: NM Apartment Advisors, Inc.


$/SqFt: $114

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Listing information last updated on July 23rd, 2019 at 6:58pm MDT.