2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.95% acquisition cap rate and a projected 6.21% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller will consider seller finance!
Sold
Price Unknown
2616 Muriel St NE, Albuquerque, NM 87112
3beds
2baths
3,003sqft
Quadruplex, Multi Family
Built in 1978
-- sqft lot
$482,000 Zestimate®
$--/sqft
$1,610 Estimated rent
Home value
$482,000
$458,000 - $506,000
$1,610/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Luke Scarpa 505-504-8883,
NAI SunVista Commercial RE
Bought with:
Luke Scarpa, REC20230302
NAI SunVista Commercial RE
Shane Knaub, 19424
NM Home Investors and Sales
Source: SWMLS,MLS#: 1103865
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 3,003
- Total interior livable area: 3,003 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 7,840 Square Feet
Details
- Has additional parcels: Yes
- Parcel number: 102105950741911316
- Zoning description: MX-L*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Resale
- New construction: No
- Year built: 1978
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Patio
Location
- Region: Albuquerque
Financial & listing details
- Tax assessed value: $277,374
- Annual tax amount: $3,906
- Date on market: 5/1/2026
- Cumulative days on market: 53 days
- Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
- Total actual rent: 4050
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Sold | -- |
Source:  SWMLS #1103865 Report a problem | ||
| 6/24/2026 | Pending sale | $490,000$163/sqft |
Source: SWMLS #1103865 Report a problem | ||
| 6/16/2026 | Price change | $490,000-2%$163/sqft |
Source: SWMLS #1103865 Report a problem | ||
| 5/19/2026 | Listed for sale | $500,000$167/sqft |
Source: SWMLS #1103865 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,906 +3.2% | $92,449 +3% |
| 2024 | $3,787 +1.7% | $89,756 +3% |
| 2023 | $3,724 | $87,143 +3% |
| 2022 | -- | $84,605 +3% |
| 2021 | $3,478 +1.7% | $82,141 +3% |
| 2020 | $3,421 | $79,749 +3% |
| 2019 | -- | $77,426 |
| 2018 | $2,934 -8.4% | $77,426 +3% |
| 2017 | $3,202 +6.2% | $75,172 +6.1% |
| 2016 | $3,015 -95.6% | $70,857 +3% |
| 2015 | $68,793 +2234.6% | $68,793 -0.9% |
| 2014 | $2,947 | $69,393 |
| 2013 | $2,947 | $69,393 +1.7% |
| 2012 | -- | $68,227 +3% |
| 2011 | -- | $66,240 +3% |
| 2010 | -- | $64,311 +3% |
| 2009 | -- | $62,438 +3% |
| 2008 | -- | $60,619 +3% |
| 2007 | -- | $58,855 +3% |
| 2006 | -- | $57,141 +3% |
| 2005 | -- | $55,478 +3% |
| 2004 | -- | $53,862 +2.2% |
| 2003 | -- | $52,694 |
| 2002 | -- | $52,694 +3% |
| 2001 | -- | $51,161 -1% |
| 2000 | -- | $51,661 |
Find assessor info on the county website
Neighborhood: Matheson Park
Nearby homes
- $--2 bd1 ba850 sqft2616 Muriel St NE #B, Albuquerque, NM 87112Off Market
- $--2 bd1 ba850 sqft2616 Muriel St NE APT D, Albuquerque, NM 87112Off Market
- $327,0001 bd1 ba-- sqft2616 Muriel St NE APT A, Albuquerque, NM 87112Off Market
- $208,4888 bd4 ba3k sqft2612 Muriel St NE, Albuquerque, NM 87112Off Market
- $233,3698 bd4 ba3k sqft2700 Muriel St NE, Albuquerque, NM 87112Off Market
- $158,8828 bd4 ba3k sqft2608 Muriel St NE, Albuquerque, NM 87112Off Market
- $317,288-- bd-- ba2.7k sqft2604 Muriel St NE, Albuquerque, NM 87112Off Market
- $351,9002 bd1 ba650 sqft2604 Muriel St NE APT C, Albuquerque, NM 87112Off Market
Nearby schools
GreatSchools rating
- 10/10Matheson Park Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 8/10Hoover Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Eldorado High SchoolGrades: PK-12Distance: 1.1 mi
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Estimated market value
$482,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$482,000
- New Mexico
- Bernalillo County
- Albuquerque
- 87112
- Matheson Park
- 2616 Muriel St NE
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