• MLS® #: 930839
  • 1018 Silver Avenue Sw
  • Albuquerque, NM 87102
  • $1,212,000
  • 9756 SqFt, 0.64 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

Developed by the Plunkett family in 1930s and 1950s, this apartment community offers live-in amenities that are unparalleled in downtown living. The large, 2,824 house contains a family room, a living doom, a dining room, a bonus room and four bedrooms (we have listed it as a 3 bedroom as you enter one bedroom through another room) and 2/5 baths.The property has lush garden areas, spacious areas full of grass, a laundry room, a car port and five garages.At the ask price of $1,212,000 and an average rent of $1,009, the measure of investment performance include a GRM of 9.10, a CAP rate of 6.28%, a price per unit of $110,182, a price per square foot of $124.23 a before tax IRR of 14.30% and an after tax IRR of 11.40%.If rents were raised to market of $1,055, MIP improves to 6.

Essential Information

  • MLS® #930839
  • Price$1,212,000
  • Square Footage9,756
  • Acres0.64
  • Year Built1935
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive

Community Information

  • Address1018 Silver Avenue Sw
  • Area80 - Downtown Area
  • SubdivisionRaynolds Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87102


  • UtilitiesAll City


Enclosed Yard, Fireplace Some Units


  • AppliancesRefrigerator
  • HeatingGas, 2+ Units
  • CoolingEvaporative, 2+Units
  • # of Stories2
  • Stories2 Story


  • ConstructionFrame

Additional Information

  • Date ListedOctober 18th, 2018
  • Days on Market368
  • ZoningSU-2
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on October 22nd, 2019 at 1:43pm MDT.