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9238 4th Street

Albuquerque, NM 87114
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Bed 5

Bed

Bath 4

Bath

SqFt3,575

Sqft

Acres0.47

Acre(Lot)

6Plex on nearly 1/2 an acre in Albuquerque's North Valley, one of newest small multifamily properties to reach this corner of the market in some time. The potential for strong future growth is tremendous for this location. Two unique buildings sit well apart on a 0.48-acre parcel, a site size that is genuinely rare at this unit count and leaves room to breathe. The mix: 2 one-bedrooms units, these have potential to be renovated from 1 to 2 bedroom apartments, 1 two-bedroom and 3 studios. Those studios are showing documented STR operating history. Built in 1979, this is not the 1940s and 1950s stock that makes up nearly all of the city's small multifamily inventory. The comparable 5-to-10 unit properties that have closed in this market average roughly 80 years old, whereas this one is onl y 47 years young.Established on 4th St. corridor between Paseo Del Norte and Alameda: low-density, tree-lined, under 2 miles from Balloon Fiesta Park. I-25 puts the metro core, Kirtland and Sandia Labs within an easy drive, while the Rio Rancho employment corridor, Intel's expanding campus and Presbyterian Rust Medical Center sit minutes across the river. County drainage, bike lane and ADA improvements are underway on 4th itself. There is real room to run here. Two units are currently leased meaningfully below what comparable space commands, and the furnished studios have been operated as short-term units. Either continue with that model OR place the entire property on traditional long-term leases. Newer than average construction, an unusually generous site, income in place and potential upside clearly identified, all in a corridor that has held solid demand for decades.See or ask about about our attached PDF Offer Memorandum for many more specific details.

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Detail Ic Property Details

Property Type : Residential Income

Price : $665,000

AD Id : 90874072

MLS Id : 1110084

Beds : 5

Lot Size : 0.47 Acre

Living Area Size : 3,575

Year Built : 1979

County : Bernalillo

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4
  • Flooring Information

    Carpet, Laminate, Vinyl
  • Interior Features

    Appliances: Free-Standing Gas Range, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Ductless, Electric, Wall Furnace Has Cooling: Yes Cooling: Ductless, Evaporative Cooling

  • Building Information

    Year Built: 1979 Building Area Total: 3575 Construction Materials: Stucco Stories: 3 Private Pool: No

  • Lot Information

    Lot Size Acres: 0.47 Lot Size Square Feet: 20473

  • Listing Price Information

    Listing Price: $665000 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 101606408044020712 Annual Tax: $6800

  • Parking Information

    Parking Total: 10

  • Utility Information

    Natural Gas Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Location Information

    Direction: Heading West on Paseo Del Norte, Take the left exit onto 2nd St NW/NM-47 toward 4th St. Turn sharp right onto 2nd St NW/NM-47. Turn left onto Ortega Rd NW. Turn right onto 4th St NW/NM-556.
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

ByOwner last updated this listing 08/30/2026 @ 16:44

MLS: 1110084 LISTED BY: Steven Grant, Keller Williams Realty 505-271-8200 SOURCE: Southwest MLS (Greater Albuquerque Association of REALTORS)

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