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$5,317,173
Monthly Est:$26,466
1 Bed
1 Bath
33,000sqft
419 Monroe St NE, Albuquerque, NM 87108
$5,317,173
$26,466/moEst:
Get Pre-Approved
Multi Family
Built in 1960
$-- HOA
1.23 acres lot
$161/sq.ft
Description
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
- Houzeo last checked: 13 minutes ago
- Listing updated: July 30, 2026 at 7:12 pm
- Listing Provided by: Todd D Clarke (505) 440-8633 DRE #13711, Kyle E Deacon (505) 878-0100 DRE #15579 | NM Apartment Advisors, Inc. (505) 440-8633
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1092700
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1960
HOA Fees
-
Finished Area
33,000 sqft
Lot Size
1.23 acres lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1092700
MLS Status
Pending
Days on Market
366
Cumulative Days on Market
294
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Interior
Appliances
Refrigerator
Flooring
Carpet, Tile, Vinyl
Cooling
Evaporative Cooling
Heating
Central, Forced Air
Exterior Features
Landscaping
Construction
Year Built
Year Built: 1960
Home type
Multi Family
Property Condition
Resale
Construction Materials
Block, Frame, Stucco
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Disclosures
Lead Based Paint Disclosure, Ranm2100disclosure
Subdivision Name
Heights Reservoir Addition
Tenant Pays
Other, See Remarks
Price History
| Date | Event | Price |
|---|---|---|
07/30/2026 Source: | Pending | $5,317,173 $161/sqft |
10/09/2025 Source: | Listed for Sale | $5,317,173 -8.45% $161/sqft |
03/09/2024 Source: | Off Market | $5,807,969 +80.09% $176/sqft |
09/13/2018 Source: | Price Increased | $3,225,000 +49515.38% $98/sqft |
07/20/2016 Source: | Sold | $6,500 $0/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 11, 2026, 05:30AM. 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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