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401 Vermont Street NE

Albuquerque, NM 87108
  • $389,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 1094694
UPDATED: 45 min ago
$389,000
  • 1
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,719
    SQFT
  • $143
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

Exceptional 4plex offers an immediate, low-management cash flow stream with significant upside potential. 100% Occupancy with stable, reliable tenants who have expressed a strong desire to remain. Current rents are below market, providing an achievable rent increase strategy to boost the Cap Rate and overall ROI. Structured as tenant-paid utilities, minimizing landlord operating expenses and maximizing NOI. New sewer lines and a durable TPO membrane roof. Each unit offers highly desirable features including a small backyard and dedicated off-street parking, enhancing tenant retention. Strategically positioned near major economic and entertainment hubs with easy access to I-40. Showings will only be scheduled after an executed purchase agreement, and are subject to tenant availability.

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IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2025-12-12T16:05:07.59.
www.sandisells.com/homes/170075613
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401 Vermont Street NE Albuquerque, NM 87108

  • Price: $389,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 45 min ago
  • MLS #: 1094694
1
Beds
1
Baths
0
½ Baths
0.16
Acres
2,719
SQFT
$143
$/SQFT
1958
Built
Neighborhood:
Mesa Verde Addition
County:
Bernalillo
Area:
70 - Fairgrounds
Property Description
Exceptional 4plex offers an immediate, low-management cash flow stream with significant upside potential. 100% Occupancy with stable, reliable tenants who have expressed a strong desire to remain. Current rents are below market, providing an achievable rent increase strategy to boost the Cap Rate and overall ROI. Structured as tenant-paid utilities, minimizing landlord operating expenses and maximizing NOI. New sewer lines and a durable TPO membrane roof. Each unit offers highly desirable features including a small backyard and dedicated off-street parking, enhancing tenant retention. Strategically positioned near major economic and entertainment hubs with easy access to I-40. Showings will only be scheduled after an executed purchase agreement, and are subject to tenant availability.
Exterior Features

Exterior Features Lighting Patio Levels One Patio And Porch Features Patio

Interior Features

Appliances Free- Standing Gas Range Disposal Refrigerator Range Hood Basement YN No Cooling Evaporative Cooling Cooling YN Yes Fireplace Features Option Flooring Laminate Vinyl Heating Wall Furnace Heating YN Yes

Property Features

Accessibility Features None Builder Name Unknown Building Area Total 2719 Community Features Patio Green Energy Generation None Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional FHA VA Loan New Construction YN No Owner Pays Sewer Trash Collection Water Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 3457.36 Tenant Pays Electricity Gas Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- ML*

Southwest MLS] logo Listing courtesy of Real Broker, LLC: (505) 448-8888. © 2025 Southwest Multiple Listing Service, Inc.


IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2025-12-12T16:05:07.59.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111