$500,000
$167/sqftactive2616 Muriel Street NE, Albuquerque, NM 87112
Beds
3
Baths
2
Sqft
3,003
Lot
7,623 sqft
Built
1978
Type
multi family
About This Property
2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.82% acquisition cap rate and a projected 6.08% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller will only sell via Seller Financing!
Features & Amenities
Property Details
| MLS # | 1103865 |
| Property Type | multi family |
| Year Built | 1978 |
| Heating | Central,ForcedAir |
| Cooling | EvaporativeCooling |
| Lot Size | 7,623 sqft |
| Property Tax (est.) | $3,906/yr ($326/mo) |
| Price / Sqft | $167 |
| Status | Active |
| Days on Market | 33 |
About Northeast Heights → Full Guide
Price vs. Neighborhood
This home
Northeast Heights median
38% above the Northeast Heights median. Homes here sell in an average of 27 days.
Commute Times
Unm
15 min
Downtown
20 min
Abq Studios
25 min
Sandia Labs
15 min
Kirtland Afb
20 min
Presbyterian
10 min
Intel Rio Rancho
30 min
Nearby Schools
Zia Elementary
K-5 · APS
La Cueva High School
9-12 · APS
Eisenhower Middle School
6-8 · APS
Eldorado High School
9-12 · APS
Neighborhood Guide
Explore Northeast Heights
Established & Reliable
Listing courtesy of NAI SunVista Commercial RE. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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