134 S Rhode Island Street SE, Albuquerque, NM 87108 (MLS # 1094441)
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Priced at $450,000, 134 Rhode Island St SE is a two-story fourplex located in Southeast Albuquerque. This 3,060 sq. ft. property offers four (4) 2-bedroom, 1-bathroom units on a 0.155-acre lot and is located near Central Ave, Zuni Rd, and major arterial routes, making it attractive to long-term renters.The property has a projected gross income of $57,000 annually, with a 5% vacancy allowance ($54,000). With estimated annual operating expenses of $20,700, the pro forma net operating income (NOI) is approximately $33,400, yielding a projected cap rate of 7.42%, with a 27.52% IRR with a five-year hold.
| DAYS ON MARKET | 24 | LAST UPDATED | 11/14/2025 |
|---|---|---|---|
| TRACT | Of Unity Add | YEAR BUILT | 1980 |
| COMMUNITY | 71 - Southeast Heights | COUNTY | Bernalillo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | 71 - Southeast Heights |
| HEAT | Central, Forced Air |
| LOT | 6970 sq ft |
| STORIES | 2 |
| SUBDIVISION | Of Unity Add |
| TAXES | 2813.84 |
| UTILITIES | Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| ZONING | MX-L* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Berger Briggs RE & Prop Mgmt
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