419 Monroe Street Ne, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:ERA Summit
419 Monroe Street Ne,Albuquerque, NM 87108
$5,317,173
  • 1 Beds
  • 1 Baths
  • 33,000 sq. ft.
  • Multi-family
  • Pending
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1092700
Source:NM_SWMLS

Price summary

  • Price:$5,317,173
  • Price per sq. ft.:$161.13

About this home

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw

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Home facts

  • Year built:1960
  • Subdivision & Development:Heights Reservoir addition
  • Listing ID #:1092700
  • Added:343 day(s) ago
  • Updated:September 18, 2026 at 07:52 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Refrigerator
  • Living area:33,000 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1960
  • Building area:33,000 sq. ft.
  • Lot area:1.23 Acres
  • Construction Materials:Block, Frame, Stucco
  • Exterior Features:Landscaping
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$5,317,173
  • Price per sq. ft.:$161.13
  • Tax amount:$22,224

Features and amenities

  • Appliances:Refrigerator

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