419 Monroe Street
Albuquerque, NM 87108
1
Bed
1
Bath
33,000Sqft
1.23Acres(Lot)
CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property 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 $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.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 betw
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 1Bathroom Information
Total Baths: 1 -
Flooring Information
Carpet, Tile, Vinyl -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Central, Forced Air Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1960 Building Area Total: 33000 Construction Materials: Block, Frame, Stucco Stories: 2 Private Pool: No
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Lot Information
Lot Size Acres: 1.23 Lot Size Square Feet: 53578.8 Lot Description: LandscapedProperty Information
Subdivision: Heights Reservoir addition Source Property Type: Residential Income Postal Code Plus 4: 1258 Zoning Description: R-MH* Property SubType: Multi Family Levels: Two Property Age: 66
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Listing Price Information
Listing Price: $5317173 Cash, Conventional
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Tax Information
Parcel Number: 101705738541812504 Annual Tax: $22224.3 Tax Legal Desc: Northly 175 feet of Easterly 305' of Tract 18,. Heights Reservoir addition
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: From Lomas and Monroe stoplight (and Los Cuates) - due south to property.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8600 Zuni Road, Albuquerque, NM, 87108 | $1,793,434 | 3 | 2 | 16,020 | 16,020 SqFt |
| 209 Texas Street, Albuquerque, NM, 87108 | $349,900 | 7 | 4 | 2,650 | 2,650 SqFt |
| 325 Tennessee Street, Albuquerque, NM, 87108 | $299,900 | 6 | 3 | 2,304 | 2,304 SqFt |
| 513 Utah Street, Albuquerque, NM, 87108 | $225,000 | 2 | 1 | 1,536 | 1,536 SqFt |
| 501-505 Mesilla Street, Albuquerque, NM, 87108 | $560,000 | 10 | 6 | -- | |
| 433 Mesilla & 437 (4 Lo.., Albuquerque, NM, 87108 | $2,323,232 | 3 | 2 | 14,688 | 14,688 SqFt |
| 633 Grove Street, Albuquerque, NM, 87108 | $250,000 | 2 | 2 | -- | |
| 636 San Pablo Street, Albuquerque, NM, 87108 | $245,499 | 2 | 2 | 1,242 | 1,242 SqFt |
| 613 Mesilla Street, Albuquerque, NM, 87108 | $1,397,298 | 14 | 14 | 6,408 | 6,408 SqFt |
| 635 Mesilla Street, Albuquerque, NM, 87108 | $798,456 | 8 | 8 | 2,688 | 2,688 SqFt |
Similar Multifamily To 419 Monroe Street
Nearby For Sale
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ByOwner last updated this listing 07/27/2026 @ 18:36
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