123 General Arnold St NE, Albuquerque, NM, 87123
About This Home
This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1956
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Electric Range,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: See Remarks
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Evaporative Cooling
Interior Area
- Total structure area: 3,060
- Total interior livable area: 3,060 sqft
Property
Details
- Parcel number: 102005708208030909
- Zoning description: MX-T*
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 7,405 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Earthquake
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Bernalillo County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,769 | $21,228 |
| Home Insurance * | $118 | $1,416 |
| Property Taxes | $247 | $2,964 |
| Electricity | $217 | $2,610 |
| Total | $2,351 | $28,212 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-13 | Listed for sale | $360,000 |
| 2024-10-22 | Listing removed | $400,000 |
| 2024-06-06 | Listed for sale | $400,000 |
| 2016-01-25 | Listing removed | $495 |
| 2016-01-14 | Listed for rent | $495 |
| 2015-10-21 | Listing removed | $124,900 |
| 2015-08-26 | Price change | $124,900 |
| 2015-06-30 | Listed for sale | $129,900 |
| 2001-05-29 | Sold | -- |
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