# 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 259 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 | 259 |

## 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 $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property 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 $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.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 betw

## 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:** 2026-06-26
**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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  "description": "CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property 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 $1,338, the metrics of investment ",
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