Home / Albuquerque / UNM South / University Hts Add / MLS #1093042

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309 Princeton Drive SE

Albuquerque, NM 87106

$475,000

2 bd • 1 ba • 2,476 sqft • 0.16 acres

1 Story

Stories

$192

Per SQFT

1926

Year Built

10/16/2025

Listing Date

1093042

Listing #

87106

Zip Code

About This Property

Fantastic Investment Opportunity in the Highly Desirable UNM Area! This unique property features a 2-bedroom, 1-bath main house plus a separate duplex located behind the home--each unit offering 2 bedrooms and 1 full bath. The duplex is currently rented to reliable, long-term tenants, providing immediate income potential. The main house is ready for renovation with an unfinished kitchen and areas of uneven flooring--perfect for investors or buyers looking to customize and add value. Located just minutes from UNM, Nob Hill, shopping, restaurants, and entertainment, this property offers incredible potential in one of Albuquerque's most sought-after neighborhoods. Cash or rehab loan only. Property sold as-is. Don't miss this opportunity to own an income-producing property with tons of upside!

Interior

Bathrooms Total: 1

Appliances: Free-Standing Electric Range, Refrigerator

Flooring: Carpet, Tile

Building And Construction

Property Type: Residential Income

Building Area Total: 2,476 sqft

Year Built: 1926

Levels: One

Number Of Units Total: 3

Stories: 1

Structure Type: House

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16

Lot Size Square Feet: 7,100 sqft

Provisional

MLS #: 1093042

Listing Terms: Cash, Other, See Remarks

Number Of Buildings: 2

Owner Pays: Water

Tenant Pays: Electricity, Gas

Area And Schools

City: Albuquerque

Postal Code: 87106

MLS Area Major: UNM South

Subdivision: University Hts Add

County: Bernalillo

Parcel Number: 1-016-057-173-140-3-16-09

Utilities

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

Cooling: Evaporative Cooling

Heating: Other, See Remarks

Location

Directions: From Girard and Central, South on Girard, West on Lead, South on Princeton to 309 on Right.

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Listing courtesy of Coldwell Banker Legacy

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.

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550

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