For sale

$5,317,173

419 Monroe St NE, Albuquerque, NM 87108

1beds

1baths

33,000sqft

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Multi Family

Built in 1960

-- sqft lot

$-- Zestimate^®

$161/sqft

$-- HOA

What's special

Facing zia park

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw

268 days

163

5

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1

Heating

Central, Forced Air

Cooling

Evaporative Cooling

Appliances

Included: Refrigerator

Features

Flooring: Carpet, Tile, Vinyl
Has basement: No

Interior area

Total structure area: 33,000
Total interior livable area: 33,000 sqft

Property

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Exterior features: Landscaping

Lot

Size: 1.23 Acres

Details

Has additional parcels: Yes
Parcel number: 101705738541812504
Zoning description: R-MH*

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block, Frame, Stucco

Condition

Resale
New construction: No
Year built: 1960

Utilities & green energy

Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Heights Reservoir addition

Location

Region: Albuquerque

Financial & listing details

Price per square foot: $161/sqft
Tax assessed value: $1,627,834
Annual tax amount: $22,224
Date on market: 10/9/2025
Cumulative days on market: 269 days
Listing terms: Cash,Conventional
Total actual rent: 43900
Tenant pays: Other, See Remarks

Estimated market value

Not available

Estimated sales range

Not available

$1,106/mo

Price history

Date	Event	Price
10/9/2025	Listed for sale	$5,317,173-8.5%$161/sqft
Source: SWMLS #1092700 Report a problem
9/30/2024	Listing removed	$5,807,969$176/sqft
Source: SWMLS #1040505 Report a problem
3/9/2024	Price change	$5,807,969+8.6%$176/sqft
Source: SWMLS #1040505 Report a problem
10/7/2023	Pending sale	$5,349,113$162/sqft
Source: SWMLS #1040505 Report a problem
8/27/2023	Listed for sale	$5,349,113+53.1%$162/sqft
Source: SWMLS #1040505 Report a problem
9/13/2018	Sold	--
Source: SWMLS #847327 Report a problem
5/3/2018	Pending sale	$3,495,000$106/sqft
Source: NM Apartment Advisors, Inc. #847327 Report a problem
1/16/2018	Price change	$3,495,000+7.5%$106/sqft
Source: NM Apartment Advisors, Inc. #847327 Report a problem
7/26/2017	Listed for sale	$3,250,000$98/sqft
Source: NM Apartment Advisors, Inc. #847327 Report a problem
4/11/2017	Pending sale	$3,250,000$98/sqft
Source: NM Apartment Advisors, Inc. #847327 Report a problem
11/5/2016	Price change	$3,250,000+4.5%$98/sqft
Source: NM Apartment Advisors, Inc. #847327 Report a problem
8/9/2015	Listed for sale	$3,110,000$94/sqft
Source: NM Apartment Advisors, Inc. #847327 Report a problem
2/9/2004	Sold	--
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$22,925 +3.2%	$542,557 +3%
2024	$22,224 +1.7%	$526,754 +3%
2023	$21,854 +107%	$511,413 +3%
2022	$10,559 -49.8%	$496,517 0%
2021	$21,024 -1.3%	$496,584 0%
2020	$21,305	$496,684 0%
2019	--	$496,817
2018	$13,669 -8.4%	$496,817 +41.9%
2017	$14,919 +6.2%	$350,219 +6.1%
2016	$14,045 -95.6%	$330,116 +3%
2015	$320,501 +2325.6%	$320,501 +3%
2014	$13,213	$311,167 +3%
2013	$13,213	$302,103
2012	--	$302,103
2011	--	$302,103
2010	--	$302,103 -17.7%
2009	--	$367,142 +3%
2008	--	$356,449 +3%
2007	--	$346,068 +3%
2006	--	$335,988 +3%
2005	--	$326,203 +3%
2004	--	$316,702
2003	--	$316,702
2002	--	$316,702
2001	--	$316,702 +0.9%
2000	--	$313,735

Find assessor info on the county website

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