Cap Rate: 6.08%;Year 2-3 Pro Forma Cap Rate: 8.60%;GRM: 9.97;Year 2-3 Pro Forma GRM: 8.39;Year 2-3 Projected Cash-on-Cash Return: 9.32% to 16.91% *65 LTV 7.15% Fixed Loan & 80 LTV Affordable 4.85% Loan, respectively.Building Age: 1977.Property Highlights: Marble's Renovated Units Lease 31.12% Higher than those Not Renovated. Projected Year 2-3 Gross Income Growth: 18.96%. Substantial Capital Improvements 2018-2023. Excellent Unit Mix: 50% 1 BR-1 BA, 50% 2 BR-1 BA. Situated in a Well-Maintained Office Corridor. Projected Year 5 Value Appreciation @ 6.5% Cap Rate: 37.63%. Decommissioned Shared-Laundry Facility. In-Place Utility Reimbursement (RUBS).
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Price Unknown
8101 Marble Ave NE, Albuquerque, NM 87110
3beds
2baths
11,169sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$--/sqft
$1,014 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,014/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Sarah Raboff 505-690-3232,
NAI SunVista Commercial RE
Bought with:
Timothy R Luten, 2469
Sperry Van Ness/WACB, Inc.
Source: SWMLS,MLS#: 1044190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Floor Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator, Range Hood
Features
- Flooring: Tile, Vinyl
- Has basement: No
Interior area
- Total structure area: 11,169
- Total interior livable area: 11,169 sqft
Property
Parking
- Total spaces: 24
Accessibility
- Accessibility features: Wheelchair Access
Features
- Levels: Two
- Stories: 2
- Exterior features: Landscaping
Lot
- Size: 0.65 Acres
Details
- Parcel number: Not Available
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1977
Utilities & green energy
- Electric: Other
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Investor Financing,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listing removed | $795 |
Source: Zillow Rentals Report a problem | ||
| 5/18/2026 | Listed for rent | $795-11.7% |
Source: Zillow Rentals Report a problem | ||
| 9/13/2024 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 8/12/2024 | Listed for rent | $900+9.1% |
Source: Zillow Rentals Report a problem | ||
| 8/3/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/8/2024 | Price change | $825-2.9% |
Source: Zillow Rentals Report a problem | ||
| 6/18/2024 | Listed for rent | $850 |
Source: Zillow Rentals Report a problem | ||
| 6/10/2024 | Listing removed | -- |
Source: SWMLS #1063419 Report a problem | ||
| 5/15/2024 | Listed for rent | $850 |
Source: Zillow Rentals Report a problem | ||
| 4/2/2024 | Sold | -- |
Source:  SWMLS #1044190 Report a problem | ||
| 4/2/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/25/2024 | Listed for rent | $850 |
Source: Zillow Rentals Report a problem | ||
| 11/16/2023 | Pending sale | $1,600,000$143/sqft |
Source: SWMLS #1044190 Report a problem | ||
| 11/2/2023 | Listed for sale | $1,600,000$143/sqft |
Source: SWMLS #1044190 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,715 +175.2% | $513,916 +174.8% |
| 2024 | $7,890 +1.7% | $187,018 +3% |
| 2023 | $7,759 +3.5% | $181,571 +3% |
| 2022 | $7,498 +0.5% | $176,283 |
| 2021 | $7,463 -1.3% | $176,283 |
| 2020 | $7,561 | $176,283 +59.6% |
| 2019 | -- | $110,437 |
| 2018 | $4,233 -7.3% | $110,437 +3% |
| 2017 | $4,567 +6.2% | $107,220 +6.1% |
| 2016 | $4,300 -95.6% | $101,067 +3% |
| 2015 | $98,123 +2325.7% | $98,123 +3% |
| 2014 | $4,045 | $95,265 +3% |
| 2013 | $4,045 | $92,490 |
| 2012 | -- | $92,490 |
| 2011 | -- | $92,490 |
| 2010 | -- | $92,490 -5.2% |
| 2009 | -- | $97,561 +3% |
| 2008 | -- | $94,720 +3% |
| 2007 | -- | $91,961 +3% |
| 2006 | -- | $89,283 -19% |
| 2005 | -- | $110,199 +3% |
| 2004 | -- | $106,989 |
| 2003 | -- | $106,989 |
| 2002 | -- | $106,989 |
| 2001 | -- | $106,989 -0.5% |
| 2000 | -- | $107,523 |
Find assessor info on the county website
Neighborhood: 87110
Nearby schools
GreatSchools rating
- 3/10Mark Twain Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Hayes Middle SchoolGrades: 6-8Distance: 0.1 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 2.2 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87110
- 8101 Marble Ave NE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Albuquerque Topics
