3D tour
$7,125 Closing Credit¹
#1079421, Vertical Real Estate, Listing Office: Keller Williams Realty
$579,429 List price
12229 Menaul Blvd NE Albuquerque, NM 87112
$6,881
Closing credit¹
3 beds
2 baths
3,107 sqft
0.2 acres
$186 / sqft
Multi-Family
Property details
About 12229 Menaul Blvd NE
Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.
Highlights
Home typeTriplex
HeatingCentral, Forced Air
StatusActive
CoolingEvaporative Cooling
Size3,107 sqft
Lot size0.19 Acres
Year built1977
MLS #1053809
Summary
- MLS Number: 1053809
- MLS Name: SWMLS
- Office Name: NM Apartment Advisors, Inc.
- Office Phone: (505) 440-8633
- Office Email: tclarke@nmapartment.com
- Listing Agent: Todd D Clarke
The data relating to real estate for sale on this web site 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 other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.
Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 3:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$579,429
12229 Menaul Blvd NE
$6,881
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $71,900 | $3,072 |
| 2022 | $69,807 | $2,969 |
| 2021 | $67,774 | $2,869 |
| 2020 | $65,800 | $2,822 |
| 2019 | $63,884 | $2,721 |
| 2018 | $63,884 | $2,716 |
| 2017 | $69,080 | $2,716 |
History based on county public records data.
Nearby schools
8
Onate Elementary School
Public District KG-5
0.3 mi
•12415 Brentwood Hills Blvd NE
6
John Baker Elementary School
Public District KG-5
1.0 mi
•12015 Tivoli Ave NE Ste B
3
Chelwood Elementary School
Public District KG-5
1.0 mi
•12701 Constitution Ave NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,000. The majority of Albuquerque, NM residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
38%
<35k
43%
35k-100k
16%
100k-200k
3%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
49%
Single, No Kids
15%
Single, with Kids
24%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
6%
12-17 yrs old
22%
18-34 yrs old
45%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Tennis
Where do the neighbors shop?
IKEA
Banana Republic
Crate & Barrel
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Starbucks
What do the neighbors drive?
Lexus
Toyota
BMW
What do the neighbors listen to?
Soft Adult Contemporary
Jazz
News
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 12229 Menaul Blvd NE in Albuquerque, NM and zip code 87112 in the Northeast Albuquerque neighborhood. This 3,107 square foot home, which was built in 1977, sits on a 0.19 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 9, 2024 and is currently priced at $579,429.
Over 76 listings were sold over their listed price in February 2025 in Albuquerque, NM. In the same period over 207 listings were sold below the listed price and 135 listings were sold for the listed price. Between January and February 2025, Albuquerque, NM real estate market has seen decrease in the number of listings by 9.4%. In February 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $349,921.
From Rocket Homes Real Estate and based on county public records data.