426 Towner Avenue
Albuquerque, NM 87102
6
Bed
6
Bath
3,191Sqft
0.24Acre(Lot)
Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 6 -
Flooring Information
Carpet, Tile, Vinyl -
Interior Features
Appliances: Free-Standing Gas Range, Range Hood Laundry Features: Washer Hookup, Electric Dryer Hookup -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1946 Building Area Total: 3191 Construction Materials: Block, Frame Stories: 1 Private Pool: No
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Lot Information
Lot Size Acres: 0.24 Lot Size Source: Public Records Lot Size Square Feet: 10454Property Information
Subdivision: Towner Add Source Property Type: Residential Income Postal Code Plus 4: 1023 Zoning Description: MX-M* Property SubType: Multi Family Levels: One Property Age: 80
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Listing Price Information
Listing Price: $565000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 101405927228422138 Annual Tax: $2181.23
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Parking Information
Parking Total: 6
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: From the I-25/I-40 ''Big I,'' head north on I-25 and take the Menaul Blvd exit (Exit 226A). Go west on Menaul about 1.3 miles to 4th St NW, then turn left (south) onto 4th. After one block, turn right (west) onto Towner Ave NW; the property at 426 Towner Ave NW is on that block.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1100 &1102 10th Street, Albuquerque, NM, 87102 | $415,000 | 4 | 2 | 1,860 | 1,860 SqFt |
| 1508 Edith Boulevard, Albuquerque, NM, 87102 | $1,375,000 | 8 | 8 | 5,304 | 5,304 SqFt |
| 427 Odelia Road, Albuquerque, NM, 87102 | $330,000 | 3 | 3 | 1,424 | 1,424 SqFt |
| 902 Edith Boulevard, Albuquerque, NM, 87102 | $398,500 | 3 | 2 | 2,435 | 2,435 SqFt |
| 1200 Edith Boulevard, Albuquerque, NM, 87102 | $518,800 | 6 | 3 | 2,975 | 2,975 SqFt |
| 313 Iron Avenue, Albuquerque, NM, 87102 | $1,000,000 | 7 | 4 | 5,603 | 5,603 SqFt |
| 715 Fruit Avenue, Albuquerque, NM, 87102 | $555,555 | 3 | 3 | 2,660 | 2,660 SqFt |
| 807 8th Street, Albuquerque, NM, 87102 | $990,000 | 5 | 5 | 3,600 | 3,600 SqFt |
| 615 Iron Avenue, Albuquerque, NM, 87102 | $1,500,000 | 12 | 12 | 6,574 | 6,574 SqFt |
| 907 Coal Avenue, Albuquerque, NM, 87102 | $530,000 | 7 | 4 | 3,135 | 3,135 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/17/2026 @ 07:59
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