Home / Albuquerque / UNM South / MLS #1085186

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121 TERRACE Street SE

Albuquerque, NM 87106

$545,000

1 bd • 1 ba • 3,450 sqft • 0.08 acres

1 Story

Stories

$158

Per SQFT

1955

Year Built

06/03/2025

Listing Date

1085186

Listing #

87106

Zip Code

About This Property

Prime UNM location! Silver Hills neighborhood. 2 buildings - 121 Terrace - Four - 1 bedroom 1 bath units. 500SF each. Wall heater and window units for cooling.Each rented for $800/month. Current lease agreements. 117 & 119 Terrace is separate duplex. Both units are 1 bedroom 1 bath unit with screened front porches. Hardwood floors. Living room, dining room, full bath of bedroom and each unit has a basement for storage. 117 Terrace - 650SF long term tenant at below market rent. $625/m. M/M lease. 119 Terrace - 800SF. $975/m. M/M lease. Add cosmetic updates for instant equity! Flooring and fixtures can go along way. Priced to sell AS-IS. Please do not disturb tenants. Offer subject to inspection. NO RECs. Portfolio financing options available.

Interior

Bathrooms Total: 1

Appliances: Free-Standing Gas Range, Refrigerator

Flooring: Laminate, Vinyl, Wood

Building And Construction

Property Type: Residential Income

Building Area Total: 3,450 sqft

Year Built: 1955

Construction Materials: Block, Frame

Levels: One

Number Of Units Total: 6

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.08

Lot Size Square Feet: 3484.8

Provisional

MLS #: 1085186

Listing Terms: Cash, Conventional

Number Of Buildings: 2

Occupant Type: Owner

Tenant Pays: Electricity, Gas

Area And Schools

Community Features: Storage Facilities

City: Albuquerque

Postal Code: 87106

MLS Area Major: UNM South

County: Bernalillo

Parcel Number: 101505744527210607

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Cooling: Window Unit(s)

Heating: Floor Furnace, Wall Furnace

Heating (Y/N): Yes

Location

Directions: From Central and University, head East on Central to Terrace. South to property.

Listing courtesy of Maddox & Co/REALTORS

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.