123 General Arnold Street NE, Albuquerque, NM 87123 (MLS # 1099819)
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This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.
| DAYS ON MARKET | 11 | LAST UPDATED | 3/13/2026 |
|---|---|---|---|
| TRACT | Dennison Add | YEAR BUILT | 1956 |
| COMMUNITY | 50 - Northeast Heights | COUNTY | Bernalillo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Free-Standing Electric Range, Refrigerator |
| AREA | 50 - Northeast Heights |
| HEAT | Forced Air |
| LOT | 7405 sq ft |
| STORIES | 1 |
| SUBDIVISION | Dennison Add |
| TAXES | 2164.98 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| ZONING | MX-T* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with Keyway Properties, Inc
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This IDX solution is (c) Diverse Solutions 2026.
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