130 Rhode Island SE with average rents now at $830, a 18% increase over June 2022 when they averaged $681 and at the ask price of $373,105 the measures of investment performance include a GRM of 9.37, a before reserves cap rate of 6.28% and an after tax IRR of 12.70%. If rents are raised to the market of $1,247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11.11%, and cash on cash of 22.86%In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry rooms.Extensive renovations list can be found on page 6 of the flyer(s) and full inspection reports, leases and additional information for 130 Rhode Island SE are available to qualified investor
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130 Rhode Island St SE, Albuquerque, NM 87108
2beds
1baths
3,000sqft
Quadruplex, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$--/sqft
$1,028 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,028/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.,
Timothy Blake Levrets 505-585-1420,
EA Property Management
Bought with:
Yusalet Rodriguez, 52270
Realty One of New Mexico
Source: SWMLS,MLS#: 1058183
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Vinyl
- Has basement: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 sqft
Details
- Has additional parcels: Yes
- Parcel number: 101905731802940206
- Zoning description: MX-L*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1980
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
- Subdivision: Unity Addition
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2024 | Sold | -- |
Source:  SWMLS #1058183 Report a problem | ||
| 5/20/2024 | Pending sale | $373,105$124/sqft |
Source: SWMLS #1058183 Report a problem | ||
| 3/4/2024 | Listed for sale | $373,105+5.4%$124/sqft |
Source: SWMLS #1058183 Report a problem | ||
| 11/16/2023 | Listing removed | -- |
Source: SWMLS #1006634 Report a problem | ||
| 9/19/2023 | Listed for sale | $354,068$118/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 7/11/2023 | Pending sale | $354,068$118/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 7/3/2023 | Price change | $354,068+2.2%$118/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 6/23/2023 | Price change | $346,509+4.9%$116/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 8/26/2022 | Pending sale | $330,222$110/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 7/30/2022 | Listed for sale | $330,222$110/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 7/21/2022 | Pending sale | $330,222$110/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 6/14/2022 | Price change | $330,222+8.2%$110/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 4/5/2022 | Pending sale | $305,129$102/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 2/21/2022 | Price change | $305,129+2%$102/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 1/30/2022 | Pending sale | $299,000$100/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 1/3/2022 | Listed for sale | $299,000+113.7%$100/sqft |
Source: SWMLS #1006634 Report a problem | ||
| 8/25/2016 | Sold | -- |
Source: SWMLS #872460 Report a problem | ||
| 4/28/2016 | Listing removed | $139,900$47/sqft |
Source: ERA Sellers & Buyers Real Estate #855137 Report a problem | ||
| 3/2/2016 | Price change | $139,900-6.7%$47/sqft |
Source: ERA Sellers & Buyers Real Estate #855137 Report a problem | ||
| 12/9/2015 | Listed for sale | $150,000$50/sqft |
Source: ERA Sellers & Buyers Real Estate #855137 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,245 +52.7% | $76,792 +52.5% |
| 2024 | $2,125 +1.7% | $50,363 +3% |
| 2023 | $2,089 +3.5% | $48,896 +3% |
| 2022 | $2,019 +3.5% | $47,472 +3% |
| 2021 | $1,951 +1.7% | $46,090 +3% |
| 2020 | $1,919 | $44,748 +3% |
| 2019 | -- | $43,445 |
| 2018 | $2,082 +12.5% | $43,445 |
| 2017 | $1,851 -9.9% | $43,445 -10% |
| 2016 | $2,055 -95.8% | $48,295 -1.1% |
| 2015 | $48,828 +2254.9% | $48,828 |
| 2014 | $2,073 | $48,828 -13.2% |
| 2013 | $2,073 | $56,261 |
| 2012 | -- | $56,261 |
| 2011 | -- | $56,261 |
| 2010 | -- | $56,261 +10.9% |
| 2009 | -- | $50,716 +3% |
| 2008 | -- | $49,240 +3% |
| 2007 | -- | $47,806 +3% |
| 2006 | -- | $46,414 +3% |
| 2005 | -- | $45,063 |
| 2004 | -- | $45,063 |
| 2003 | -- | $45,063 +1.2% |
| 2002 | -- | $44,529 |
| 2001 | -- | $44,529 +13.4% |
| 2000 | -- | $39,263 |
Find assessor info on the county website
Neighborhood: Trumbull Village
Nearby schools
GreatSchools rating
- 5/10Wherry Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.9 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- Trumbull Village
- 130 Rhode Island St SE
Nearby cities
Nearby neighborhoods
Nearby zip codes
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