5900 Marble Avenue NE
Albuquerque, NM 87110
Map
- – beds
- 1 bath
- 18,312 sqft
- ~3/4 acre lot
- $74 per sqft
- 1968 build
- – on site
More homes
Located halfway between UNM and Uptown at 5900 Marble NE, this 24 unit offers the rare opportunity to acquire an investment property that is 36% under market rents.The property has spacious unit floorplans with unique architectural details including kiva fireplaces and a unit mix containing one studio apartment, 22 one bedroom /one bathroom units and a large 2 bedroom / 1 bathroom casita.At the current average rents of $704, and an ask price of $1,360,00 the measures of investment performance include a price per unit of $56,667, price per square foot of $74.32, a GRM of 6.71, an after reserves cap rate of 6.32%, and an after-tax IRR of 19.59%. If rents are raised to the market average of $1,051 and RUBS is implemented, the measures of investment performance improve cap 15.74%
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 16, 2025
•
MLS# 1037093 —
The Building
-
Year Built:1968
-
Builder Name:Unknown
-
New Construction:false
-
Construction Materials:Frame,Stucco
-
Stories:2
-
Stories Total:2
-
Levels:Two
-
Basement:false
-
Exterior Features:Landscaping
-
Accessibility Features:None
-
Building Area Total:18312.0
-
Building Area Source:Plans
Interior
-
Flooring:Carpet,Vinyl
Room Dimensions
-
Living Area:18312.0
-
Living Area Source:Plans
Location
-
Directions:From I-40 and San Mateo south to Marble, East to property.
-
Latitude:35.089042
-
Longitude:-106.580386
The Property
-
Parcel Number:101805816406730715
-
Property Type:ResidentialIncome
-
Property Subtype:MultiFamily
-
Property Condition:Resale
-
Zoning Description:R-ML*
-
Lot Size Acres:0.78
-
Lot Dimensions Source:PublicRecords
-
Lot Size SqFt:33976.8
-
Lot Size Source:PublicRecords
-
Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
-
Tax Annual Amount:12020.04
-
Tax Legal Description:Tract 3-X, Block 3, PuebloAlto Addition Replat ofNorth 400 Feet of Block 3
Baths
-
Total Baths:1
Heating & Cooling
-
Heating:Central,ForcedAir
-
Heating:true
-
Cooling:EvaporativeCooling
-
Cooling:true
Utilities
-
Utilities:ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
-
Green Energy Generation:None
Appliances
-
Appliances:Refrigerator
The Community
-
Subdivision Name:PuebloAlto Addition
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/19/23
Sep 19, 2023
|
Sold | SWMLS | $1,900,000 |
