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About This Home
This 6-bedroom, 6-bathroom residential multi family at 426 Towner Avenue NW in Albuquerque, NM is listed for $565,000 ($177 per sqft). Built in 1946, the home offers 3,191 sqft of living space on a 0.24 acres lot.
Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover.
Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.
Key Features
- Built in 1946
- 0.24 acre lot
- 6 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$3,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
426 Towner Avenue NW
Albuquerque, NM 87102
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Property Details
Flooring
Construction
Cooling
Appliances
Questions & Answers
This 6-bedroom, 6-bathroom residential multi family at 426 Towner Avenue NW is listed at $565,000 ($177/sqft). The estimated monthly payment is $2,448 based on 20% down at 6.5% interest.
Key features include: Built in 1946, 0.24 acre lot, 6 parking spaces.
This property is listed by Peter A Cochran and can be reached at 5053146181 or peter@imagerealtyabq.com.
