124 Unit NE Height Multifamily Portfolio

124 units for sale in NE Heights Albuquerque on over 7 acres-see APOD for financials

Value-Add Multifamily Opportunity in a Growing Albuquerque Submarket

Marron Park Apartments in NE Albuquerque presents a compelling value-add multifamily opportunity with clear upside through rent growth and operational improvements. The property offers a solid foundation of one-, two and three-bedroom units with functional layouts, providing immediate potential for interior upgrades, rent repositioning, and improved expense efficiency. Current in-place rents remain below market, allowing investors to capture meaningful NOI growth through a thoughtful renovation and management strategy.

Albuquerque continues to attract national attention as a growing employment hub, supported by major employers such as Netflix and Amazon, along with expanding logistics, film production, healthcare, and technology sectors. This economic momentum has fueled consistent rental demand, making well-located multifamily assets increasingly attractive to both tenants and investors.

With strong market fundamentals, favorable demographics, and clear value-add pathways, Marron Park Apartments offers investors the opportunity to enhance cash flow and long-term value in one of New Mexico’s most resilient and evolving multifamily submarkets.

- 36: 1 bedrooms, 82: 2 bedrooms, 6: 3 bedrooms. Management office utilizes a 2 bed unit

A local family built the properties and has owned it since it was built while maintaining self management.

Vacancy rate due to a plumbing issue-quote in documents is per unit.

Tenants responsible for their own electric and gas except for the one bedrooms, utilities are included in the rent rate. Owner pays all water/trash.