12229 Menaul Boulevard Ne, Albuquerque, NM 87112
Local realty services provided by:ERA Summit
12229 Menaul Boulevard Ne,Albuquerque, NM 87112
$579,429
- 3 Beds
- 2 Baths
- 3,107 sq. ft.
- Multi-family
- Active
Listed by:todd d clarke
Office:nm apartment advisors, inc.
MLS#:1053809
Source:NM_SWMLS
Price summary
- Price:$579,429
- Price per sq. ft.:$186.49
About this home
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%.
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Home facts
- Year built:1977
- Listing ID #:1053809
- Added:661 day(s) ago
- Updated:September 20, 2025 at 02:23 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Living area:3,107 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Central, Forced Air
Structure and exterior
- Year built:1977
- Building area:3,107 sq. ft.
- Lot area:0.19 Acres
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$579,429
- Price per sq. ft.:$186.49
- Tax amount:$2,969
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