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2616 Muriel Street Ne, Albuquerque, NM 87112

Albuquerque
Local realty services provided by:CENTURY 21 Champions, Inc.
2616 Muriel Street Ne,Albuquerque, NM 87112
$490,000
  • 3 Beds
  • 2 Baths
  • 3,003 sq. ft.
  • Multi-family
  • Pending
Listed by: luke scarpa
Office: nai sunvista commercial re
MLS#:1103865
Source:NM_SWMLS

Price summary

  • Price:$490,000
  • Price per sq. ft.:$163.17

About this home

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!

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Home facts

  • Year built:1978
  • Listing ID #:1103865
  • Added:44 day(s) ago
  • Updated:July 01, 2026 at 08:13 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Flooring:Carpet, Vinyl
  • Kitchen Description:Dishwasher, Free Standing Gas Range, Microwave, Refrigerator
  • Living area:3,003 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Central, Forced Air

Structure and exterior

  • Year built:1978
  • Building area:3,003 sq. ft.
  • Lot area:0.18 Acres
  • Exterior Features:Patio
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$490,000
  • Price per sq. ft.:$163.17
  • Tax amount:$3,906

Features and amenities

  • Appliances:Dishwasher, Free Standing Gas Range, Microwave, Refrigerator

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