419 Monroe Street Ne, Albuquerque, NM 87108

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
  • Active
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 $878 a month are a GRM of 8.06, a 6.19% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents 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 $1,100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%.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 between two major transit corridors

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Home facts

  • Year built:1960
  • Listing ID #:1092700
  • Added:126 day(s) ago
  • Updated:February 10, 2026 at 03:24 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • 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

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

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

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