LKV Realty
Logo
123 General Arnold Street NE photo 1
$350,000
$1,900Reward *
123 General Arnold Street NE, Albuquerque, NM 87123Listing ID 1099819

123 General Arnold Street NE, Albuquerque, NM 87123

Active
Dennison Add
Time on site: 158 days • Last updated: Jul 22, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi-Family
Square Feet
Square Feet
3,060
Acres
Acres
0.17
Days on Site
Days on Site
157
Cooling
Cooling
Evaporative Cooling
Year Built
Year Built
1956

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.

Property Information

Property Details

Location

Address
123 General Arnold Street NE
County
Bernalillo
City
Albuquerque
Zip Code
87123
Subdivision
Dennison Add
MLS Area
50 - Northeast Heights

Interior Features

Heating and Cooling

Cooling
Evaporative Cooling

Building

Building Information

Square Feet
3,060
Year Built
1956

Property Taxes

Tax Annual Amount
$2,165
Keyway Properties, Inc, (505) 903-2040

Market Report for 87123

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Southwest Multiple Listing Service, Inc. (SWMLS)
Southwest Multiple Listing Service, Inc. (SWMLS) logo

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

angelom