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Street View
$350,000
Monthly Est:$1,742
4 Beds
4 Baths
3,060sqft
123 General Arnold St NE, Albuquerque, NM 87123
$350,000
$1,742/moEst:
Get Pre-Approved
Multi Family
Built in 1956
$-- HOA
7,492 sqft lot
$114/sq.ft
Description
This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.
- Houzeo last checked: 14 minutes ago
- Listing updated: July 22, 2026 at 2:04 am
- Listing Provided by: Angelo Mora (505) 903-2040 DRE #REC20250956 | Keyway Properties, Inc (505) 903-2040
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1099819
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1956
HOA Fees
-
Finished Area
3,060 sqft
Lot Size
7,492 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1099819
MLS Status
Active
Days on Market
211
Cumulative Days on Market
130
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Interior
Cooling
Evaporative Cooling
Flooring
See Remarks
Heating
Forced Air
Appliances
Free Standing Electric Range, Refrigerator
Construction
Year Built
Year Built: 1956
Home type
Multi Family
Property Condition
Resale
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Tenant Pays
Other, See Remarks
Subdivision Name
Dennison Add
Disclosures
Lead Based Paint Disclosure, Ranm2100disclosure
Price History
| Date | Event | Price |
|---|---|---|
03/13/2026 Source: | Listed for Sale | $360,000 +2.86% $118/sqft |
03/13/2026 Source: | Price Decreased | $350,000 -12.50% $114/sqft |
06/05/2024 Source: | Off Market | $400,000 +220.26% $131/sqft |
01/28/2016 Source: | Sold | $124,900 $41/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 11, 2026, 09:30AM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
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