Map of Property

Zia @ Nob Hill Apartments

For Sale

419 Monroe NE, Albuquerque, NM 87108

This Albuquerque property for sale is located at 419 Monroe NE. The current listed sale price for Zia @ Nob Hill Apartments is $5,807,969. Zia @ Nob Hill Apartments is situated on a lot that is 1.23 acre in size.

Contacts

broker

Todd Clarke

New Mexico Apartment Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 33,000 SF
  • Units 50
  • Lot Size 1.23 Acre
  • Cap Rate % 5.92
  • Additional Rent Contact for pricing
  • Year Built 1960
  • Date Updated Oct 25, 2024

Zia @ Nob-Hill’s current ownership is on a runway towards individual unit renovations and higher rents. The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (202o), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 8.15%

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Getting around

  • 84/100

    Walk Score ®

  • 41/100

    Transit Score ®

  • 84/100

    Bike Score ®

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Location

  • City Albuquerque, NM
  • Neighborhood Highland Business
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    3.94 miles

  • Asia Train Station

    4.18 miles

  • Montaño

    4.31 miles

  • Tingley Station

    4.68 miles

  • Aquarium/Garden Station

    5.05 miles

  • Bernalillo County/International Sunport

    5.28 miles

  • Los Ranchos/Journal Center

    6.53 miles

  • Sandia Pueblo

    8.74 miles

  • Alon

    0.27 miles

  • Y-Mart

    0.67 miles

  • Fill-Up

    0.68 miles

  • Valero

    0.72 miles

  • Smith's gas station

    0.84 miles

  • Murphy Express

    0.88 miles

  • Pump-N-Save

    0.96 miles

  • Circle K

    0.98 miles

  • Smith's

    1.02 miles

  • Tesla Supercharger

    2.06 miles

  • Lomas Parking Structure

    1.43 miles

  • Cornell Parking Garage

    1.58 miles

  • Park Square Parking Garage

    1.65 miles

  • Two Park Square Visitor Parking

    1.66 miles

  • Yale Parking Garage

    1.69 miles

  • New UNMH Parking Garage

    1.69 miles

  • Underground Parking Entry

    1.86 miles

  • Maxwell Museum Parking

    1.92 miles

  • Central Lot

    1.96 miles

  • North Lot

    1.97 miles

  • De Anza Motor Lodge

    0.42 miles

  • Lazy H Motel

    0.64 miles

  • Hotel Zazz

    0.70 miles

  • Hiway House

    1.04 miles

  • Barcelona Suites

    1.35 miles

  • Hilton Garden Inn Albuquerque Uptown

    1.50 miles

  • Motel 6 Albuquerque - I-40 - San Mateo

    1.55 miles

  • Marriott Albuquerque

    1.59 miles

  • American Inn & Suites

    1.62 miles

  • Hampton Inn Albuquerque - University/Midtown

    1.62 miles

  • Sprouts Farmers Market

    0.27 miles

  • Nob Hill Body and Soul Center

    0.64 miles

  • Smith's

    0.74 miles

  • La Montañita Co-op Nob Hill

    0.86 miles

  • El Mezquite Market

    0.97 miles

  • Bombay Spice

    1.13 miles

  • Walmart Neighborhood Market

    1.41 miles

  • Whole Foods Market

    1.45 miles

  • La Montanita

    1.62 miles

  • Target

    1.76 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Todd Clarke

New Mexico Apartment Advisors