907 7th & 901 Street Nw, Albuquerque, NM 87102
Local realty services provided by:ERA Summit
907 7th & 901 Street Nw,Albuquerque, NM 87102
$795,000
- 6 Beds
- 6 Baths
- 4,119 sq. ft.
- Multi-family
- Active
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1113715
Source:NM_SWMLS
Price summary
- Price:$795,000
- Price per sq. ft.:$193.01
About this home
Within walking distance of breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, parks and the city's primary courthouses, this property gives residents a front-row seat to the energy of Downtown and convenient access to Old Town.Tucked behind classic white picket fences, the two buildings - originally constructed in 1931 and 1936 - offer a total of 4,119 square feet on approximately 0.2296 acres. The six homes have distinctive floor plans, bright living spaces, hardwood floors, built-ins, full kitchens, private yard areas, in-unit washers and dryers, and convenient on- and off-street parking. It is the kind of small-scale, character-rich downtown investment that stands out from the crowd.Owner-Occupant OpportunityWhy buy just one home when you could live in one residence and collect rents from the others? The updated 26-page flyer includes an illustrative owner-occupant analysis showing a net monthly housing cost as low as $770 with a 25% down payment. That figure is a projection, not a loan quote or guarantee; actual results depend on occupancy, financing, expenses and rents.Furnished / Vacation-Rental PotentialFor buyers interested in other operating strategies, the flyer also explores the potential for vacation rentals in the Downtown / Old Town area. Short-term or furnished-rental use, any applicable approvals, licensing, operating costs and projected income should be independently verified.Investment Performance - Six-Unit OfferingThe combined asking price is $795,000 - $132,500 per unit, or $193.01 per square foot. As presented in the updated flyer, the offering has a 10.73 gross rent multiplier (GRM), a 6.19% capitalization rate before reserves and a modeled 13.40% after-tax internal rate of return (IRR). The flyer reports average rent of $1,083 for 2025 and models $1,275 for its 2027 pro forma, with a potential 7.73% capitalization rate before reserves and an 8.66 GRM. Projections are illustrative and are not assured.There is another noteworthy feature: the six homes occupy TWO separate parcels. The owners indicate that the two triplexes can also be sold and financed separately - an option for investors seeking flexibility in acquisition and financing.Get the Flyer, Numbers and Virtual ToursThe 26-page marketing flyer includes the APOD, return model, comparable-sales analysis, floor plans, photographs, surveys and zoning information. Register for additional information and confidential documents here:...
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Home facts
- Year built:1931
- Subdivision & Development:Perfecto Armijo Brothers
- Listing ID #:1113715
- Added:2 day(s) ago
- Updated:November 12, 2026 at 03:45 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Flooring:Tile, Vinyl
- Kitchen Description:Refrigerator
- Living area:4,119 sq. ft.
Heating and cooling
- Heating:Central, Floor Furnace, Wall Furnace
Structure and exterior
- Year built:1931
- Building area:4,119 sq. ft.
- Lot area:0.23 Acres
- Construction Materials:Frame, Stucco
- Levels:1 Story
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$795,000
- Price per sq. ft.:$193.01
- Tax amount:$4,831
Features and amenities
- Appliances:Dryer, Refrigerator, Washer
- Laundry features:Dryer, Washer
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