204 Monroe Street NE

About this property

Rare investment opportunity in Albuquerque's desirable UNM North neighborhood near Nob Hill! This charming, updated 4-plex offers four rental units, including two 1-bedroom and two 2-bedroom residences, with three long-term tenants and one vacant 2-bedroom unit offering flexibility for a traditional rental, potential Airbnb/short-term rental, or owner-occupant. Originally built in 1950 as two duplexes on separate lots, now replatted as one property, this unique multifamily investment combines vintage character with modern conveniences. Each unit features original oak hardwood floors, granite countertops, refrigerated air, tankless water heater, individually metered gas & electric, and its own washer & dryer. Each residence also has a private backyard and garage. Additional parking includes two double carports and gated alley access. A beautiful, tree-shaded central courtyard with grass and seating creates an inviting gathering space and sense of community for residents. Conveniently located near UNM, Nob Hill