1 of 39 - 419 Monroe Street Ne, Albuquerque, NM Save the listing
2 of 39 - 419 Monroe Street Ne, Albuquerque, NM
3 of 39 - 419 Monroe Street Ne, Albuquerque, NM
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419 Monroe Street Ne, Albuquerque, NM

$5,317,173

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1

Bed

1

Bath

33,000

Square feet

1.23

Acres

About 419 Monroe Street Ne

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $878 a month are a GRM of 8.06, a 6.19% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents 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 $1,100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%.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 between two major transit corridors

Residential Income property for sale in Albuquerque, NM at 419 Monroe Street Ne. This 1 bedroom Residential Income property is priced at $161/sqft

Features of 419 Monroe Street Ne

MLS® # 1092700
Price $5,317,173
Bedrooms 1
Bathrooms 1.00
Square Footage 33,000
Acres 1.23
Year Built 1960
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information: Albuquerque

Address 419 Monroe Street Ne
Area 40 - UNM
Subdivision Heights Reservoir addition
City Albuquerque
County Bernalillo
State NM
Zip Code 87108

Amenities of 419 Monroe Street Ne

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior of 419 Monroe Street Ne

Interior Carpet, Tile, Vinyl
Appliances Refrigerator
Heating Central, Forced Air
Cooling Evaporative Cooling
Fireplace No
# of Stories 2
Stories Two

Exterior of 419 Monroe Street Ne

Exterior Features Landscaping
Construction Block, Frame, Stucco

Additional Information On 419 Monroe Street Ne

Date Listed October 9th, 2025
Days on Market 2
RE / Bank Owned No

Listing Details

OfficeNM Apartment Advisors, Inc.

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