134 S Rhode Island Street Se, Albuquerque, NM 87108

Local realty services provided by:ERA Sellers & Buyers Real Estate
134 S Rhode Island Street Se,Albuquerque, NM 87108
$450,000
  • 2 Beds
  • 1 Baths
  • 3,060 sq. ft.
  • Multi-family
  • Active
Listed by: harrison alley
Office: berger briggs re & prop mgmt
MLS#:1094441
Source:NM_SWMLS

Price summary

  • Price:$450,000
  • Price per sq. ft.:$147.06

About this home

Priced at $450,000, 134 Rhode Island St SE is a two-story fourplex located in Southeast Albuquerque. This 3,060 sq. ft. property offers four (4) 2-bedroom, 1-bathroom units on a 0.155-acre lot and is located near Central Ave, Zuni Rd, and major arterial routes, making it attractive to long-term renters.The property has a projected gross income of $57,000 annually, with a 5% vacancy allowance ($54,000). With estimated annual operating expenses of $20,700, the pro forma net operating income (NOI) is approximately $33,400, yielding a projected cap rate of 7.42%, with a 27.52% IRR with a five-year hold.

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Home facts

  • Year built:1980
  • Listing ID #:1094441
  • Added:34 day(s) ago
  • Updated:December 17, 2025 at 06:31 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Living area:3,060 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Central, Forced Air

Structure and exterior

  • Year built:1980
  • Building area:3,060 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$147.06
  • Tax amount:$2,814

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