$360,000

$118/sqftactive

123 General Arnold Street NE, Albuquerque, NM 87123

129 days on market

Beds

Baths

Sqft

3,060

Lot

7,492 sqft

Built

1956

Type

multi family

About This Property

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.

Features & Amenities

Free Standing Electric Range

Refrigerator

See Remarks Flooring

Subdivision: Dennison Add

Property Details

MLS #	1099819
Property Type	multi family
Year Built	1956
Heating	ForcedAir
Cooling	EvaporativeCooling
Lot Size	7,492 sqft
Property Tax (est.)	$2,165/yr ($180/mo)
Price / Sqft	$118
Status	Active
Days on Market	129

About Four Hills → Full Guide

Price vs. Neighborhood

This home

$360,000

Four Hills median

$398,000

10% below the Four Hills median. Homes here sell in an average of 44 days.

Nearby Schools

Albuquerque Academy

6-12 · Private

10/10

Tomasita Elementary

K-5 · APS

6/10

Jackson Middle School

6-8 · APS

5/10

Manzano High School

9-12 · APS

5/10

Neighborhood Guide

Explore Four Hills

Established & Convenient

Listing courtesy of Keyway Properties, Inc. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.