- For Sale $930,000
- Property Type Multi-Family
- Property Size 7,500 SF
- Units 12
- Lot Size 0.46 Acre
- Cap Rate % 7.25
- Year Built 1946
- Date Updated Feb 10, 2026
Description
On behalf of the owner, NM Apartment Advisors is excited to bring to market this 12 unit property. The owner has recently made signiÞcant improvements to this family style apartment compound. Do not miss out on this rare value add opportunity to buy a renovated property with rents 26% below market. This 12 community is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.
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Contacts
Todd Clarke
New Mexico Apartment Advisors
Location
Located at 335 Espanola Street NE, Albuquerque, NM 87108, this property is part of the La Mesa neighborhood and Albuquerque market.
Contact Listing Broker
Todd Clarke
New Mexico Apartment Advisors
