Map of Property

Zia @ Nob Hill Apartments

419 Monroe NE, Albuquerque, NM 87108

  • For Sale $5,807,969
  • Property Type Multi-Family
  • Property Size 33,000 SF
  • Units 50
  • Lot Size 1.23 Acre
  • Cap Rate % 5.92
  • Additional Rent Contact for pricing
  • Year Built 1960
  • Date Updated Oct 25, 2024

Zia @ Nob-Hill’s current ownership is on a runway towards individual unit renovations and higher rents. The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (202o), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 8.15%

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Contacts

broker

Todd Clarke Is this you?

New Mexico Apartment Advisors

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Transit Score ®

    41/100 Some Transit

  • Bike Score ®

    84/100 Very Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Highland Business
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    3.94 miles

  • Asia Train Station

    4.18 miles

  • Montaño

    4.31 miles

  • Tingley Station

    4.68 miles

  • Aquarium/Garden Station

    5.05 miles

  • Bernalillo County/International Sunport

    5.28 miles

  • Los Ranchos/Journal Center

    6.53 miles

  • Sandia Pueblo

    8.74 miles

  • Alon

    0.27 miles

  • Y-Mart

    0.67 miles

  • Fill-Up

    0.68 miles

  • Valero

    0.72 miles

  • Smith's gas station

    0.84 miles

  • Murphy Express

    0.88 miles

  • Pump-N-Save

    0.96 miles

  • Circle K

    0.98 miles

  • Smith's

    1.02 miles

  • Tesla Supercharger

    2.06 miles

  • Lomas Parking Structure

    1.43 miles

  • Cornell Parking Garage

    1.58 miles

  • Park Square Parking Garage

    1.65 miles

  • Two Park Square Visitor Parking

    1.66 miles

  • Yale Parking Garage

    1.69 miles

  • New UNMH Parking Garage

    1.69 miles

  • Underground Parking Entry

    1.86 miles

  • Maxwell Museum Parking

    1.92 miles

  • Central Lot

    1.96 miles

  • North Lot

    1.97 miles

  • De Anza Motor Lodge

    0.42 miles

  • Lazy H Motel

    0.64 miles

  • Hotel Zazz

    0.70 miles

  • Hiway House

    1.04 miles

  • Barcelona Suites

    1.35 miles

  • Hilton Garden Inn Albuquerque Uptown

    1.50 miles

  • Motel 6 Albuquerque - I-40 - San Mateo

    1.55 miles

  • Marriott Albuquerque

    1.59 miles

  • American Inn & Suites

    1.62 miles

  • Hampton Inn Albuquerque - University/Midtown

    1.62 miles

  • Duke City Kitchen

    0.22 miles

  • Los Cuates Del Norte

    0.24 miles

  • Subway

    0.33 miles

  • Hurricane's Restaurant and Drive-In

    0.33 miles

  • Taco Bell

    0.35 miles

  • Taco Tote! Albuquerque

    0.38 miles

  • Dion's

    0.38 miles

  • Caesar's Mexican & Greek

    0.38 miles

  • Kasbah

    0.39 miles

  • Loyola's

    0.44 miles

  • Zia Elementary School

    0.11 miles

  • Media Arts Collaborative Charter School

    0.36 miles

  • Our Lady of Fatima Catholic School

    0.45 miles

  • National Dance Institute of New Mexico

    0.47 miles

  • Coral Community Charter School

    0.51 miles

  • Highland High School

    0.69 miles

  • Chinese Culture Center & Lin's Martial Arts Academy

    0.79 miles

  • Monte Vista Elementary School

    1.08 miles

  • Monte Vista Elementary

    1.10 miles

  • St. Mark's Montessori School

    1.15 miles

  • Wildflowers Day Nursery

    0.82 miles

  • Discovery One Child Care

    0.88 miles

  • Serendipity Day School

    1.13 miles

  • Our Place Learning Center

    1.19 miles

  • Steps Ahead Learning Center

    1.42 miles

  • Maxwell Child Development Center (1914)

    1.74 miles

  • Eastern Child Development Center

    1.76 miles

  • All Seasons Child Care and Learning Center

    1.83 miles

  • Little Big Foot Day School

    1.95 miles

  • Child Care Center

    2.11 miles

Frequently Asked Questions

How much does Zia @ Nob Hill Apartments cost?

The space currently listed for sale at Zia @ Nob Hill Apartments asks for $5,807,969.

What is the total square footage of Zia @ Nob Hill Apartments?

Zia @ Nob Hill Apartments totals 33,000 square feet.

When was this property built?

Zia @ Nob Hill Apartments was built in 1960.

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Contact Listing Broker

broker

Todd Clarke Is this you?

New Mexico Apartment Advisors