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 $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
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 |
| 234 Texas Street, Albuquerque, NM, 87108 | $109,900 | 1 | 1 | 1,100 | 1,100 SqFt |
| 209 Texas Street, Albuquerque, NM, 87108 | $375,000 | 7 | 4 | 2,650 | 2,650 SqFt |
| 325 Tennessee Street, Albuquerque, NM, 87108 | $299,900 | 6 | 3 | 2,304 | 2,304 SqFt |
| 8001 Marquette Avenue, Albuquerque, NM, 87108 | $335,000 | 9 | 4 | 3,425 | 3,425 SqFt |
| 240 San Pablo Street, Albuquerque, NM, 87108 | $324,655 | 5 | 4 | 2,760 | 2,760 SqFt |
| 501-505 Mesilla Street, Albuquerque, NM, 87108 | $560,000 | 10 | 6 | -- | |
| 633 Grove Street, Albuquerque, NM, 87108 | $250,000 | 2 | 2 | -- | |
| 205 Mesilla Street, Albuquerque, NM, 87108 | $350,000 | 4 | 4 | 2,800 | 2,800 SqFt |
| 501 Mesilla Street, Albuquerque, NM, 87108 | $280,000 | 4 | 3 | -- |
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Nearby For Sale
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ByOwner last updated this listing 06/12/2026 @ 10:46
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