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About this home
Fantastic investment opportunity! This property features a single-family home (700 sq. ft. ) and a duplex with two 599 sq. ft. units, offering a combined 1,899 sq. ft. of living space. Currently tenant-occupied and delivering a 7% cap rate, this property is ideal for investors seeking immediate income. Each unit has been fully updated, minimizing maintenance and maximizing appeal for future tenants. Located in a prime area, this property offers strong rental demand and excellent long-term growth potential.
Near North Valley, located between Old Town Albuquerque and Los Ranchos de Albuquerque, is a residential and semi-rural Albuquerque neighborhood with acequia-lined lanes and cottonwood bosque edges. The neighborhood’s character concentrates around 4th Street NW near Candelaria Rd NW, where low-slung storefronts, local cafes, and bike traffic set a steady, lived-in pace. Adobe and ranch-style homes sit behind deep lots, with irrigation ditches and mature trees shaping the streetscape. The Rio Grande trails and nearby open space pull daily routines outdoors. Los Poblanos Historic Inn & Organic Farm and the Indian Pueblo Cultural Center serve as cultural anchors close by. Farm stands and small studios reinforce a grounded, craft-forward feel.
Provided by Walk Score and Local Logic
Offer insights
425 Fitzgerald Rd NW · $499,000
$499K and above
75% chance or better to win
Why $499K+ is a strong offer
DAYS ON MARKET
21 days
The average home goes pending in 18 days.
SALE-TO-LIST
95.5%
Most homes are selling 5% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Wood flooring
Bedrooms
Three rental units: two 1-bedroom units and one 2-bedroom unit
Bathrooms
Each unit has one bathroom
Flooring
Wood
Heating & cooling
Wall furnace heating
Exterior features
0.2-acre lot
Zoned MX-M*
Lot information sourced from public records
Home design
Single-story building
Resale property
Financial info
Property contains 3 units across 2 buildings
Total actual monthly rent reported: $3,983
Unit rents: $1,100; $1,287; $1,596
Other
Annual tax amount reported
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the MX-M zone district is to provide for a wide array of moderate-intensity retail, commercial, institutional and moderate-density residential uses, with taller, multi-story buildings encouraged in Centers and Corridors. Allowable uses are shown in Table 4-2-1.
Zone overlays
Character Protection Overlay Zones - North 4th - 9
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Hospital / medical center
Housing-Multiple units
Housing-Senior
Hotel / motel
Mixed use
Office
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 97° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Albuquerque, NM • 87107
Average low and high temperatures (°F)
51
24
65
32
73
39
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44
83
52
93
65
93
67
94
67
86
59
77
50
61
34
57
30
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 425 Fitzgerald Rd NW
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