426 Towner Avenue Nw, Albuquerque, NM 87102
Local realty services provided by:ERA Summit
426 Towner Avenue Nw,Albuquerque, NM 87102
$565,000
- 1 Beds
- 1 Baths
- 3,191 sq. ft.
- Multi-family
- Active
Listed by: peter a cochran
Office: weichert, realtors image
MLS#:1095527
Source:NM_SWMLS
Price summary
- Price:$565,000
- Price per sq. ft.:$177.06
About this home
Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.
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Home facts
- Year built:1946
- Listing ID #:1095527
- Added:1 day(s) ago
- Updated:December 11, 2025 at 12:16 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Living area:3,191 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1946
- Building area:3,191 sq. ft.
- Lot area:0.24 Acres
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$565,000
- Price per sq. ft.:$177.06
- Tax amount:$2,181
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