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Listed by NAI SunVista Commercial RE
Bought with NAI SunVista Commercial RE

Est. payment - /mo

3 Beds

2 Baths

3,003 SqFt

Sold on 07/17/2026

2616 Muriel ST NE Albuquerque, NM 87112

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Michael Valles

+1(505) 681-3681

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Key Details

Sold Price -

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,003 sqft

MLS Listing ID 1103865

Sold Date 07/17/26

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1978

Annual Tax Amount $3,906

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.95% acquisition cap rate and a projected 6.21% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller will consider seller finance!

Location

Province NM

County Bernalillo

Area 50 - Northeast Heights

Interior

Heating Central, Forced Air

Cooling Evaporative Cooling

Flooring Carpet, Vinyl

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator

Laundry Washer Hookup, Dryer Hookup, In Unit

Exterior

Exterior Feature Patio

Community Features Patio

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Porch Patio

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 102105950741911316

Acceptable Financing Cash, Conventional, FHA, Owner May Carry, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, Owner May Carry, VA Loan

Financing Seller Financing

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Michael Valles

+1(505) 681-3681

michaelluciano.valles@exprealty.com

2616 Muriel ST NE Albuquerque, NM 87112

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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2616 Muriel ST NE

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