426 Towner Avenue Nw, Albuquerque, NM 87102

Albuquerque
Local realty services provided by:ERA Summit
426 Towner Avenue Nw,Albuquerque, NM 87102
$565,000
  • 6 Beds
  • 6 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
  • Subdivision & Development:Towner Add
  • Listing ID #:1095527
  • Added:293 day(s) ago
  • Updated:September 30, 2026 at 02:33 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Free Standing Gas Range, Range Hood
  • 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
  • Construction Materials:Block, Frame
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$565,000
  • Price per sq. ft.:$177.06
  • Tax amount:$2,181

Features and amenities

  • Appliances:Free Standing Gas Range, Range Hood

Parking

  • Total parking spaces:6

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