Do Real Estate on the Go!
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$500,000
3 Beds
2 Baths
3,003sqft
2616 Muriel St Ne, Albuquerque, NM 87112
$500,000
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Quadruplex
Built in 1978
$-- HOA
7,623 sqft lot
$167/sq.ft
Description
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!
- Houzeo last checked: 4 Hours ago
- Listing updated: June 3, 2026 at 5:05 pm
- Listing Provided by: Luke Scarpa (505) 504-8883 DRE #REC20230302 | NAI SunVista Commercial RE (505) 878-0001
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1103865
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1978
HOA Fees
-
Finished Area
3,003 sqft
Lot Size
7,623 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1103865
MLS Status
Active
Days on Market
26
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