*Now Selling Separate from 1225* 1225 & 1237 Menaul Blvd. NW present a strong value-add multifamily investment opportunity with a projected 6.83% pro forma cap rate and 100% occupancy as of June 2026. The properties feature an efficient unit mix comprised entirely of spacious 2-bedroom, 1-bath units, appealing to a broad tenant base. Several units have recently undergone interior renovations, creating additional upside through future rent growth and continued operational improvements. Unit amenities include refrigerated air, in-unit washer/dryer hookups, and private balconies or patios. Conveniently located near I-40, the properties offer quick access to Downtown Albuquerque, employment centers, and the Indian Pueblo Cultural Center.
For sale
Price cut: $12.5K (7/28)
$550,000
1237 Menaul Blvd NW, Albuquerque, NM 87107
8beds
4baths
3,400sqft
Quadruplex, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$162/sqft
$-- HOA
What's special
Private balconies or patiosRefrigerated air
- 95 days |
- 209 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Luke Scarpa 505-504-8883,
NAI SunVista Commercial RE 505-878-0001
Source: SWMLS,MLS#: 1103919
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Refrigerated
Appliances
- Included: Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Vinyl
- Fireplace features: Option
Interior area
- Total structure area: 3,400
- Total interior livable area: 3,400 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 101305946841011004
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Resale
- New construction: No
- Year built: 1980
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Deck/Porch
- Subdivision: Coleman Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $162/sqft
- Tax assessed value: $497,932
- Annual tax amount: $8,019
- Date on market: 5/20/2026
- Cumulative days on market: 96 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4095
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$2,297/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $550,000-2.2%$162/sqft |
Source:  SWMLS #1103919 Report a problem | ||
| 5/20/2026 | Listed for sale | $562,500+2.3%$165/sqft |
Source: SWMLS #1103919 Report a problem | ||
| 4/20/2022 | Sold | -- |
Source: SWMLS #1009212 Report a problem | ||
| 3/3/2022 | Pending sale | $550,000$162/sqft |
Source: SWMLS #1009212 Report a problem | ||
| 2/18/2022 | Listed for sale | $550,000$162/sqft |
Source: SWMLS #1009212 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,020 +3.1% | $165,961 +3% |
| 2024 | $7,776 +1.9% | $161,127 +3% |
| 2023 | $7,634 +87.9% | $156,434 +83.3% |
| 2022 | $4,062 +3.4% | $85,342 +3% |
| 2021 | $3,928 +1.8% | $82,857 +3% |
| 2020 | $3,858 | $80,443 +3% |
| 2019 | -- | $78,100 |
| 2018 | $2,439 -32.5% | $78,100 +3% |
| 2017 | $3,614 +43.5% | $75,826 +42% |
| 2016 | $2,518 -95.1% | $53,414 +3% |
| 2015 | $51,858 +2108.7% | $51,858 +3% |
| 2014 | $2,348 | $50,349 +3% |
| 2013 | $2,348 | $48,882 |
| 2012 | -- | $48,882 |
| 2011 | -- | $48,882 |
| 2010 | -- | $48,882 -43% |
| 2009 | -- | $85,691 -0.8% |
| 2008 | -- | $86,424 +124.6% |
| 2007 | -- | $38,484 +3% |
| 2006 | -- | $37,363 -2.9% |
| 2005 | -- | $38,484 +3% |
| 2004 | -- | $37,363 |
| 2003 | -- | $37,363 +0.1% |
| 2002 | -- | $37,330 -8.6% |
| 2001 | -- | $40,830 -3.9% |
| 2000 | -- | $42,496 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near N Valley
Nearby schools
GreatSchools rating
- 6/10Cochiti Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 5/10Garfield Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Valley High SchoolGrades: 9-12Distance: 0.8 mi
- $9952 bd1 ba800 sqft1237 Menaul Blvd NW APT B, Albuquerque, NM 87107For Rent
- $--2 bd1 ba816 sqft1237 Menaul Blvd NW #C, Albuquerque, NM 87107Off Market
- $--2 bd1 ba816 sqft1233 Menaul Blvd NW APT A, Albuquerque, NM 87107Off Market
- $--2 bd1 ba816 sqft1233 Menaul Blvd NW #B, Albuquerque, NM 87107Off Market
- $276,8942 bd1 ba816 sqft1233 Menaul Blvd NW, Albuquerque, NM 87107Off Market
- $--2 bd1 ba816 sqft1233 Menaul Blvd NW APT D, Albuquerque, NM 87107Off Market
- $--2 bd1 ba816 sqft1233 Menaul Blvd NW APT C, Albuquerque, NM 87107Off Market
- $376,200-- bd-- ba3.2k sqft1241 Menaul Blvd NW, Albuquerque, NM 87107Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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