Homes by Carolyn Fischman

419 Monroe Street NE, Albuquerque, NM 87108 (MLS# 1092700)

419 Monroe Street NE, Albuquerque, NM 87108

$5,317,173
Property Type: Residential Income Square Footage: 33,000 Lot Size (sq. ft.): 53,579 Status: Pending
Current Price: $5,317,173 List Date: 10/09/2025 Last Modified: 7/30/2026

Overview

Description

CORE Asset Measures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8% And Value Add The property is currently 20.3% below market rents at the adjoining, siter property 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 $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%. 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 betw

Listing Details MLS# 1092700

Status Change Info

Pending Date
2026-07-30

Contract Information

List Price/SqFt
161.13

Location

Street #
419
Street Name
Monroe
St Suffix
Street
Post Direction
NE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87108
Zip +4
1258
MLS Area Major
40 - UNM
Zone Atlas
K17

CityCounty Data

Subdivision Name
Heights Reservoir addition

General Property Description

# of Units
50
5+ Units
Yes
Units for Sale
50
Property Sub-Type
Multi-Family
Living Area
33000
SqFt Source
Professional
Lot Size Source
Survey
Acres
1.23
Lot SqFt
53578.8
Directions
From Lomas and Monroe stoplight (and Los Cuates) - due south to property.
Stories
2
Total Stories in Bldg
2
Total # of Buildings
12
Year Built
1960
Age
51 - 60
Accessory Dwelling Unit
No
Disability Access
No
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Multiple Lots
One
Flood Zone
X

Cooling

Centrally Ducted
Yes

More Information

Basement

Basement YN
No

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
50
# of Bedrooms
Yes
# Baths
Yes
Style
653
Approx. SqFt
653
Actual Rent
878
Max Rent
945
Market Rent
1100

Unit Summary

Total Units
50
Average Unit Size
653
Average Actual Rent
878
Annualized
526800
Total Actual Rent
43900

Property Features

Construction Materials: Block; Frame; Stucco Build Description: Resale Amenities: Some Landscaping Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Tile; Vinyl Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Master Electric; Master Gas Operating Expenses: Other - See Remarks Owner Pays: None Tenant Pays: Other - See Remarks Parking: Paved; Security Roof: Flat Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: R-MH*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: July - 30 - 2026
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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