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$450,000
2 Beds
1 Bath
3,060sqft
134 S Rhode Island St Se, Albuquerque, NM 87108
$450,000
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Quadruplex
Built in 1980
$-- HOA
6,752 sqft lot
$147/sq.ft
Description
Priced at $450,000, 134 Rhode Island St SE is a two-story fourplex located in Southeast Albuquerque. This 3,060 sq. ft. property offers four (4) 2-bedroom, 1-bathroom units on a 0.155-acre lot and is located near Central Ave, Zuni Rd, and major arterial routes, making it attractive to long-term renters.The property has a projected gross income of $57,000 annually, with a 5% vacancy allowance ($54,000). With estimated annual operating expenses of $20,700, the pro forma net operating income (NOI) is approximately $33,400, yielding a projected cap rate of 7.42%, with a 27.52% IRR with a five-year hold.
- Houzeo last checked: 40 Minutes ago
- Listing updated: November 24, 2025 at 9:33 am
- Listing Provided by: Harrison Alley (505) 980-6151 DRE #48822 | Berger Briggs RE & Prop Mgmt (505) 247-0444
- Source: Greater Albuquerque AOR (SWMLS) MLS-NV | MLS#: 1094441
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1980
HOA Fees
-
Finished Area
3,060 sqft
Lot Size
6,752 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1094441
MLS Status
Active
Days on Market
38
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