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USANMAlbuquerqueHeights Reservoir Addition419 Monroe St Ne
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419 Monroe St Ne, Albuquerque, NM

Real Estate

For Sale

Listed price in listed location currency (USD).
$5,317,173

110

MLS® 1092700

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 33000 sqft
Garage No
Taxes $22,224
Days Active 78
Lot Size 1.23 acres
Approx. Age 1960
Avg. Price Per Sqft $161
MLS® Number 1092700

Property Address: 419 Monroe St Ne, Albuquerque, NM, 87108-1258

Average square foot calculated using Size range provided by listing agent.

Description

CORE AssetMeasures of investment performance at the ask price of $5, 317, 173 and current average rents of $878 a month are a GRM of 8.06, a 6.19% cap rate, $106, 343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents 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, 100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%.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 between two major transit corridors
MLS® Number1092700
Laundry Level
Central VacNo
FireplaceNo
Acreage1.23
Exterior
GarageNo
Approx. Age1960
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 9, 2025List Date
$5,317,173List Price
  • Commute

Commute

Starting Address
Destination Address
419 Monroe St Ne, Albuquerque, NM

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