About 419 Monroe Street Ne
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
Residential Income property for sale in Albuquerque, NM at 419 Monroe Street Ne. This 1 bedroom Residential Income property is priced at $161/sqft
Features of 419 Monroe Street Ne
| MLS® # | 1092700 |
|---|---|
| Price | $5,317,173 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 33,000 |
| Acres | 1.23 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Albuquerque
| Address | 419 Monroe Street Ne |
|---|---|
| Area | 40 - UNM |
| Subdivision | Heights Reservoir addition |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities of 419 Monroe Street Ne
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of 419 Monroe Street Ne
| Interior | Carpet, Tile, Vinyl |
|---|---|
| Appliances | Refrigerator |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior of 419 Monroe Street Ne
| Exterior Features | Landscaping |
|---|---|
| Construction | Block, Frame, Stucco |
Additional Information On 419 Monroe Street Ne
| Date Listed | October 9th, 2025 |
|---|---|
| Days on Market | 2 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|