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2450 Floral Road Nw, 
Albuquerque, NM 87104

$466,888

3

Beds

2

Baths

2,786

Sq Ft

Multi-Family

Active

Listed by

Todd D Clarke

Nm Apartment Advisors, Inc.

505-440-8633

Last updated:

July 1, 2025, 09:46 PM

MLS#

1087069

Source:

NM SWMLS

About This Home

2450 Floral Road Nw

The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential to lower an investors effective federal tax rate from 35% to 19%. The greater Albuquerque area continues to under go a significant housing shortage of over 13,000 rental housing units due to the new Netflix, Intel, Facebook (Meta) and Amazon jobs.Located at the intersection of Rose Avenue and Floral Road and in the Floral Gardens subdivision,do not miss out on the opportunity

Home Facts

Multi-Family

2 Baths

3 Bedrooms

Built in 1946

Price Summary

466,888

$167 per Sq. Ft.

MLS #:

1087069

Last Updated:

July 1, 2025, 09:46 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

2,786 Sq. Ft.

Structure

Structure

Building Area:

2,786 Sq. Ft.

Year Built:

1946

Lot

Lot Size (Sq. Ft):

6,534

Finances & Disclosures

Finances

Price:

$466,888

Price per Sq. Ft:

$167 per Sq. Ft.

Source:NM SWMLS
The information being provided by Southwest Multiple Listing Service is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Southwest Multiple Listing Service All rights reserved.

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