4409 9th NW Albuquerque, NM
$ 560,000
Property Attributes
  • MLS#983159
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaNear North Valley
  • NeighborhoodRossiter Addition
  • Zip87102
  • StyleMulti Family
  • Year Built1944
  • Taxes2671
  • Price$ 560,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage5163
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Data Source:
Southwest Multiple Listing Service
Property Description

Welcome to this newly renovated 9 unit compound property located in Albuquerque North Valley. Located at 4409 9th NW, this property has a good walk (51), bike (62), and transit (28) scores. The current owner has spent close to $350,000 on renovations, including stucco. The property has eight one bedroom one bath units (one has an extra office), and one two bedroom one bath unit. Based on current increases the ask price of $560,000, and an average rent of $511, the measure of investment performance include a GRM of 10.14, a CAP rate of 6.11% before reserves, a price per unit of $62,222, a price per square foot of $108.46, a before tax IRR of 18.5% and an after tax IRR of 15.1%.

Price History
12/31/2020 Listed $560,000

General Features

Appliances Refrigerator
Construction Materials Adobe, Frame
Cooling Other, See Remarks
Electric None
Flooring Tile, Wood
Heating Other, See Remarks
Levels One
MLS Area 101 - Near North Valley
Property SubType Multi Family
Property Type Residential Income
PropertyCondition Resale
Stories 1
Subdivision Name Rossiter Addition
Terms Cash, Conventional
Total Units 9
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning Description R-1C*

Interior Features

Living Area 5163
Total Baths 1
Total Bedrooms 1

Exterior Features

Lot Size Acres 0.31
Lot Size Source Public Records
Lot Size Square Feet 13456
Number of Buildings 2


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87102

AVG $410K
AVG $3,294
AVG 45
Year Built
AVG 1935
AVG 65
Data Provided by Walkscore ® not using MLS data

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