USANMAlbuquerque9238 4Th St Nw
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$665,000

For Sale

A day ago

9238 4Th St Nw, Albuquerque, NM

House

MLS® 1110084

5 Bed

4 Bath

3575 sqft

10 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3575 sqft
Garage 
Taxes $6,800
Days Active 1
Lot Size 0.47 Acres
Approx. Age 1979
Avg. Price Per Sqft $186
MLS® Number 1110084

Property Address: 9238 4th St Nw, Albuquerque, NM, 87114-1608

Average square foot calculated using Size range provided by listing agent.

Description

6Plex on nearly 1/2 an acre in Albuquerque's North Valley, one of newest small multifamily properties to reach this corner of the market in some time. The potential for strong future growth is tremendous for this location. Two unique buildings sit well apart on a 0.48-acre parcel, a site size that is genuinely rare at this unit count and leaves room to breathe. The mix: 2 one-bedrooms units, these have potential to be renovated from 1 to 2 bedroom apartments, 1 two-bedroom and 3 studios. Those studios are showing documented STR operating history. Built in 1979, this is not the 1940s and 1950s stock that makes up nearly all of the city's small multifamily inventory. The comparable 5-to-10 unit properties that have closed in this market average roughly 80 years old, whereas this one is only 47 years young.Established on 4th St. corridor between Paseo Del Norte and Alameda: low-density, tree-lined, under 2 miles from Balloon Fiesta Park. I-25 puts the metro core, Kirtland and Sandia Labs within an easy drive, while the Rio Rancho employment corridor, Intel's expanding campus and Presbyterian Rust Medical Center sit minutes across the river. County drainage, bike lane and ADA improvements are underway on 4th itself. There is real room to run here. Two units are currently leased meaningfully below what comparable space commands, and the furnished studios have been operated as short-term units. Either continue with that model OR place the entire property on traditional long-term leases. Newer than average construction, an unusually generous site, income in place and potential upside clearly identified, all in a corridor that has held solid demand for decades.See or ask about about our attached PDF Offer Memorandum for many more specific details.
MLS® Number1110084
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1979
Basement
Driveway
Garage Spaces
HeatDuctless, Electric, Wall Furnace
A/CDuctless, Evaporative Cooling

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 29, 2026List Date
$665,000List Price
  • Commute

Commute

Starting Address
Destination Address
9238 4Th St Nw, Albuquerque, NM

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