- For Sale $615,833
- Property Type Multi-Family
- Property Size 3,700 SF
- Units 4
- Lot Size 0.18 Acre
- Cap Rate % 6.15
- Year Built 1973
- Date Updated May 4, 2026
Description
Located at12404 Rosemont NE, this community is walking distance to multi ple parks, retail establishments, and restaurants. Also within walking distance to the hundreds of miles of Albuquerque's outdoor hiking/biking trails. This fourplex contains two spacious, two bedroom, two bathroom units as well has two one bedroom units. The property has an onsite, coin-op laundry room and the owner has graciously left one unit vacant for an owner occu pant. The property has 5 individual electric and gas meters to serve the property. (One for each unit, one for the laundry room and parking lot light). Current rents average $1,118, which leaves a long runway to increase value by raising rents closer to the market average of $1,248.
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Contacts
New Mexico Apartment Advisors
Location
Located at 12404 Rosemont Ave NE, Albuquerque, NM 87112, this property is part of the Eastridge - Monterey Manor neighborhood and Albuquerque market.
New Mexico Apartment Advisors