$5,317,173
419 Monroe St , Albuquerque, NM 87108
- 1
- beds
- 33,000
- sqft
- 1960
- year built
- Status:
- Pending
- MLS #:
- 1092700
- Neighborhood:
- Heights Reservoir addition
- County:
- Bernalillo
- Listed By:
- Todd D Clarke - NM Apartment Advisors, Inc.
- Agent Phone:
- (505) 440-8633
- Agent Email:
- tclarke@nmapartment.com
Sponsoring Broker: Edward Donovan, Continental Real Estate Group, Inc
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
-
- Bedrooms
- 1
-
- Year Built
- 1960
-
- Stories
- 2.0
-
- Construction Materials
- Frame, Stucco, Block
-
- Living Area
- 33000.0
-
- Appliances
- Refrigerator
-
- Flooring
- Tile, Vinyl, Carpet
-
- Cooling
- Evaporative Cooling
-
- Heating
- Forced Air, Central
-
- Acres
- 1.23
-
- Lot Features
- Landscaped
-
- Utilities
- Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
-
- Area
- 40 - UNM
-
- County
- Bernalillo
-
- City
- Albuquerque
-
- Neighborhood
- Heights Reservoir addition
-
- Zip Code
- 87108
-
Nearby Schools
-
61out of 100
-
98out of 100
-
71out of 100
-
52out of 100
-
54out of 100
-
76out of 100
-
75out of 100
-
56out of 100
-
74out of 100
-
53out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Estimated Value
$5,744,254
$4,595,403 - $6,893,104
Source: Constellation Data Labs
Price History
| 10/09/2025 | Listed | $5,317,173 |
| Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1092700 | ||
| 08/26/2023 | Off Market | — |
| Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1040505 | ||
Source: MLS Data
Deed History
| 09/14/2018 | Warranty Deed | $0 |
| 12/16/2005 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 02/09/2004 | Contract of Sale | $1,271,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 09/14/2018 | Commercial | $2,453,000 |
| 05/17/2016 | Commercial | $350,000 |
| 06/13/2006 | Commercial | $1,250,000 |
| 12/16/2005 | Commercial | $1,250,000 |
| 02/09/2004 | Seller take-back | $1,071,000 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 419 Monroe St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 419 Monroe St.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 419 Monroe St?
Click Ask a Question to talk with our team. You already know it is a 1 bed, N/A bath, listed for $5,317,173. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Albuquerque, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 419 Monroe St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 419 Monroe St at around $32,111. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 419 Monroe St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Bernalillo County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 419 Monroe St?
In most cases, yes. Whether 419 Monroe St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Albuquerque's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 419 Monroe St?
We can handle that for you. Our preferred local agent specializes in residential incomes in Albuquerque and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $5,317,173 with 33,000 sqft of space—that comes out to approximately $161 per square foot.
How long has this property been on the market?
419 Monroe St was listed on October 09, 2025, which means it's been on the market for 397 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1960, making it approximately 66 years old.
What is the lot size of this property?
419 Monroe St sits on a 1.23-acre lot, which is 53,579 square feet.
What are the property taxes for 419 Monroe St?
The most recent public record shows annual property taxes for 419 Monroe St were approximately $22,224. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 419 Monroe St still available for sale?
This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.
Source: ez Home Search, MLS Data
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.
Last Updated: November 10, 2026 at 03:50AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1092700