$5,317,173
$161/sqftactive419 Monroe Street NE, Albuquerque, NM 87108
Beds
1
Baths
1
Sqft
33,000
Lot
1.23 ac
Built
1960
Type
multi family
About This Property
CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property 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 $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.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 betw
Features & Amenities
Property Details
| MLS # | 1092700 |
| Property Type | multi family |
| Year Built | 1960 |
| Heating | Central,ForcedAir |
| Cooling | EvaporativeCooling |
| Lot Size | 1.23 acres (53,579 sqft) |
| Property Tax (est.) | $22,224/yr ($1,852/mo) |
| Price / Sqft | $161 |
| Status | Active |
| Days on Market | 250 |
About Nob Hill → Full Guide
Price vs. Neighborhood
This home
Nob Hill median
1318% above the Nob Hill median. Homes here sell in an average of 31 days.
Commute Times
Unm
5 min
Downtown
10 min
Abq Studios
20 min
Sandia Labs
20 min
Kirtland Afb
15 min
Presbyterian
12 min
Intel Rio Rancho
35 min
Nearby Schools
Monte Vista Elementary
K-5 · APS
Jefferson Middle School
6-8 · APS
Highland High School
9-12 · APS
UNM (University of New Mexico)
Higher Ed · State
Neighborhood Guide
Explore Nob Hill
Eclectic & Walkable
Listing courtesy of NM Apartment Advisors, Inc.. © 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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