Deacon Property Services
Listed by Deacon Property Services
$1,195,000
10 Unit Apt. Complex 4 Blocks to UNM
Details
APN 101505722543023501
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,451
Units 10
Cap Rate 6.26%
NOI $74,803
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.12%
Pro-Forma NOI $85,053
Price per SqFt $141
Class B
Year Built 1954
Year Renovated 2024, 2025
Buildings 2
Acreage 0.278
Zoning R-T
Parking Spaces 10 spaces
Parking Per SqFt 1.18
Investment Type Stabilized
Updated Mid-Century Modern 10 Unit Gem Just 4 Blocks West of UNM
Marketing description
Mid Century Modern character abounds in this unique UNM area 10-Plex. The largest 1 Bedroom Apartments in the submarket boast original hardwood floors, tons of built-ins, and big updated vinyl windows. Residents at 1209 MLK JR NE get a whole lot more space for flexibility and multifunctionality. Living / Dining Room is giant with coved ceilings and great natural light. The bedrooms and closets are also large, with enough room for multiple uses. Apartments are separately metered for gas and electric. Properly Updated Building features secured common areas and carport parking. Just 4 Blocks to UNM and 3 Blocks to EDO.
Investment highlights
- Excellent UNM Location: Proximity to UNM, CNM, I-25, and 1 block to ABQ's World Famous DG's Deli!
- All Apartments Feature: Spacious Floor Plans, great natural light, hardwood floors, & built-ins. 8 Apartments offer secured interior entry through quality interior commons. 2 Apartments have private exterior entry.
- Easy conversion for common laundry & secured storage
- Conversion for additional carport parking
- Update large apartments for easy additional rental income
Listing Contacts
Deacon Property Services
Listed by Deacon Property Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,803.00
$6,233.58/mo
Valuation Metrics
0
DSCR
6.26%
Cap Rate
6.26%
ROI
Map
Zoning
R-T ResidentialTwo FamilyResidential Townhouse
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 154 uses
View all 154 uses Last updated May 23, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
