About 123 General Arnold Street Ne
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.
Features of 123 General Arnold Street Ne
| MLS® # | 1099819 |
|---|---|
| Price | $350,000 |
| Original Price | $360,000 |
| Price Per Sq.Ft. | $114.38 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 3,060 |
| Acres | 0.17 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 123 General Arnold Street Ne |
|---|---|
| Area | 50 - Northeast Heights |
| Subdivision | Dennison Add |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87123 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | See Remarks |
|---|---|
| Appliances | Free-Standing Electric Range, Refrigerator |
| Heating | Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Builder | Unknown |
|---|
Additional Information
| Date Listed | March 13th, 2026 |
|---|---|
| Days on Market | 175 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional, FHA |
| Current Taxes | $2,165 |
Listing Details
| Office | Keyway Properties, Inc |
|---|