Property photo 1
4 Beds
4 Baths
3,060 sqft

$350,000

123 General Arnold Street NE, Albuquerque NM, 87123

Price per sqft$114.38
Built in1956
Property size3,060 sqft
Property typeMulti-family
Courtesy of Keyway Properties, Inc

Overview

Active

Listed Mar 13, 2026

Updated Jul 23

This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.

$2,329/mo

Est. mortgage payment based on a $350,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1099819

Interior Features

Bedrooms
4
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$2,165
Tax Frequency
Annually
MLS provider logo

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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Steffan Walters shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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