# 419 Monroe Street NE, Albuquerque, NM 87108

> **TL;DR:** 1bd/1ba residential multi family, $5,317,173 ($161/sqft), built 1960, 33,000 sqft.
> A/C. Est. $23,041/mo. Listed 183 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,317,173 |
| Price/sqft | $161 |
| Bedrooms | 1 |
| Bathrooms | 1 full |
| Square Feet | 33,000 |
| Year Built | 1960 |
| Lot Size | 53,579 sqft (1.23 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 183 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $23,041 |
| **Total** | **$23,041** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1960
- 1.23 acre lot
- 2 stories

## Description

### Agent Description
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

## Location

- **Address:** 419 Monroe Street NE, Albuquerque, NM 87108
- **County:** Bernalillo
- **Neighborhood:** Heights Reservoir addition
- **Coordinates:** 35.08434, -106.59144
- **Google Maps:** https://www.google.com/maps?q=35.08434,-106.59144

## Listing Agent

- **Name:** Todd D Clarke
- **Brokerage:** NM Apartment Advisors, Inc.
- **Phone:** 5054408633
- **Email:** tclarke@nmapartment.com

## Primary Photo

![419 Monroe Street NE - Primary Photo](http://lh.rdcpix.com/13e7659cfae3ffb5ad9ed556cf740b9el-f3425138494r.jpg)

*39 total photos available on [listing page](https://www.propertysimple.com/listing/419-monroe-street-ne-albuquerque-nm-87108-1092700)*

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**MLS#:** 1092700 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/419-monroe-street-ne-albuquerque-nm-87108-1092700)

---

## Structured Data

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  "@type": "RealEstateListing",
  "name": "419 Monroe Street NE, Albuquerque, NM 87108",
  "description": "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",
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```