623 Madison Street NE Albuquerque, NM
$ 420,014
Property Attributes
  • MLS#904955
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaUNM
  • NeighborhoodNew Year Addition
  • Zip87110
  • StyleTriplex
  • Year Built2010
  • Taxes3294
  • Price$ 420,014
  • Bedrooms0
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3100
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

Amazing gem of duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50's. This property was built in 1996, and includes triplex and a two car garage.Measurements of investment performance based on actual average rents of $908 per unit, 5.10% CAP rate, 12.00% before tax IRR, and 9.20% after tax. Based on a market rent of $950 per unit+$75 a month garage rent, the measure of investment performance improves to a 6.70% Cap (before reserves) AND A 25.10% after tax IRR.Ideal for the owner occupant or investor.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
10/30/2017 Listed $288,000

General Features

Amenities Owners Unit, Walled Complex
Builder Unknown
Construction Frame
Finance Considered Cash, Conventional, FHA, VA
Number of Units 3.00
Rental Info Call Listing Broker
Stories 1.0
Subdivision Y/N New Year Addition
Tenant Pays Other - See Remarks
Utilities All City
Zoning R-2

Interior Features

5+ Units No
Appliances Included Refrigerator
Basement No
Cooling Evaporative
Flooring See Remarks
Heating Gas

Exterior Features

Disability Access Unknown
Exterior Material Stucco
Number of Parking Spaces 3.00


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87110

AVG $310K
AVG $2,032
AVG 32
Year Built
AVG 1993
AVG 59

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