Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.
For sale
$565,000
426 Towner Ave NW, Albuquerque, NM 87102
6beds
6baths
3,191sqft
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$177/sqft
$-- HOA
What's special
Private entriesClean well-kept residencesPractical layouts
- 271 days
- 277
- 20
Zillow last checked:
Listing updated:
Listed by:
Peter A Cochran 505-314-6181,
Weichert, Realtors Image 505-365-6721
Source: SWMLS,MLS#: 1095527
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Wall Furnace
Cooling
- Window Unit(s)
Appliances
- Included: Free-Standing Gas Range, Range Hood
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Features
- Flooring: Carpet, Tile, Vinyl
- Has basement: No
Interior area
- Total structure area: 3,191
- Total interior livable area: 3,191 sqft
Property
Parking
- Total spaces: 6
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 101405927228422138
- Zoning description: MX-M*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Frame
Condition
- Resale
- New construction: No
- Year built: 1946
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Towner Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $204,400
- Annual tax amount: $2,181
- Date on market: 12/11/2025
- Cumulative days on market: 270 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4765
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$3,540/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2025 | Listed for sale | $565,000+508.2%$177/sqft |
Source:  SWMLS #1095527 Report a problem | ||
| 8/30/2019 | Sold | -- |
Source: SWMLS #940293 Report a problem | ||
| 7/30/2019 | Pending sale | $92,900$29/sqft |
Source: Consumer Advantage RE Services #940293 Report a problem | ||
| 6/19/2019 | Price change | $92,900-2.1%$29/sqft |
Source: Consumer Advantage RE Services #940293 Report a problem | ||
| 6/16/2019 | Listed for sale | $94,900$30/sqft |
Source: Consumer Advantage RE Services #940293 Report a problem | ||
| 5/30/2019 | Pending sale | $94,900$30/sqft |
Source: Consumer Advantage RE Services #940293 Report a problem | ||
| 5/5/2019 | Listed for sale | $94,900$30/sqft |
Source: Consumer Advantage RE Services #940293 Report a problem | ||
| 4/2/2019 | Pending sale | $94,900$30/sqft |
Source: Consumer Advantage RE Services #940293 Report a problem | ||
| 3/25/2019 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 3/24/2019 | Listed for sale | $94,900-11.4%$30/sqft |
Source: Homepath Report a problem | ||
| 11/7/2018 | Listing removed | $107,163$34/sqft |
Source: Auction.com Report a problem | ||
| 10/9/2018 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,292 -23.2% | $68,126 -23.3% |
| 2024 | $4,284 +1.9% | $88,777 +3% |
| 2023 | $4,206 +2.5% | $86,191 |
| 2022 | $4,103 +0.3% | $86,191 -0.1% |
| 2021 | $4,091 +50.6% | $86,291 +52.4% |
| 2020 | $2,716 | $56,628 -0.2% |
| 2019 | -- | $56,728 |
| 2018 | $1,953 -9.7% | $56,728 +25% |
| 2017 | $2,163 +7.3% | $45,380 +6.1% |
| 2016 | $2,017 -95.1% | $42,775 +3% |
| 2015 | $41,530 +2108.7% | $41,530 +3% |
| 2014 | $1,880 | $40,321 +3% |
| 2013 | $1,880 | $39,146 -27.5% |
| 2012 | -- | $53,995 |
| 2011 | -- | $53,995 |
| 2010 | -- | $53,995 +55.2% |
| 2009 | -- | $34,780 +3% |
| 2008 | -- | $33,768 +3% |
| 2007 | -- | $32,785 +3% |
| 2006 | -- | $31,830 +2.9% |
| 2005 | -- | $30,931 +3% |
| 2004 | -- | $30,030 |
| 2003 | -- | $30,030 -0.4% |
| 2002 | -- | $30,164 |
| 2001 | -- | $30,164 -1.1% |
| 2000 | -- | $30,497 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Near N Valley
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