Homes Under $200K in Albuquerque

Find affordable homes under $200,000 in Albuquerque, New Mexico. These budget-friendly properties offer great value for first-time buyers, investors, and anyone looking for an affordable entry into the market.

Showing 64 listings in Albuquerque.

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Discover easy living and a welcoming sense of community in this beautifully updated home located in one of Albuquerque's premier 55+ neighborhoods. Thoughtfully designed for comfort, convenience, and low-maintenance living, this spacious 2-bedroom, 2-bath residence is the perfect place to enjoy your next chapter. Inside, you'll find a bright open-concept layout ideal for entertaining family and friends or simply relaxing at home. The updated kitchen features stylish new cabinetry, elegant quartz countertops, and modern fixtures, creating a fresh and inviting space for everyday living. Large bedrooms with generous closet space provide comfort and privacy, while updated flooring and finishes throughout add a modern touch. Handicap-accessible features Contact listing broker for finance options!

2
BEDS
2
BATHS
952
SQFT
$100,000

Fixer upper

3
BEDS
2
BATHS
1,256
SQFT
0.19
ACRES

Well kept and updated manufactured home in the sought after Four Hills Mobile Home Park. Featuring a spacious primary suite, and two additional bedrooms offer a layout designed for everyday living. The yard is fenced and ready for your pets or outdoor enjoyment. Residents have access to community amenities including multiple activity centers, 24-hour security, tennis and basketball courts, three swimming pools, and more. Located close to the Air Force Base, Costco, parks and trails, this move-in-ready home is an excellent opportunity to enjoy comfortable living in Four Hills. (Monthly land lease does apply)

3
BEDS
2
BATHS
1,841
SQFT

1601 Pennsylvania Street NE X-7, Albuquerque

Winrock Shopping Center Addition No 2
$130,000

Move-in-ready Uptown living at Winrock Villas. This bright one bedroom condo has an open living and dining area that flows onto a private patio, and a primary suite with a walk-in closet. Central refrigerated air. Beautiful tile-like laminate floors. Enjoy an oversized courtyard with storage shed, assigned covered parking, and resort-style amenities: a clubhouse, fitness center, four pools (including a year-round indoor pool), hot tub, and sauna. The HOA covers gas, electric, water, trash, sewer, landscaping, property taxes, exterior maintenance, insurance, and security. Steps from Winrock Town Center, Target, Trader Joe's, and I-40. Ideal for first-time buyers or investors.

1
BEDS
1
BATHS
638
SQFT

****INVESTORS****CURRENTLY LEASED****This efficient studio condo offers 531 square feet of smart living in the heart of downtown Albuquerque. With a full bathroom and open floor plan, it's perfect for anyone seeking a low-maintenance lifestyle near everything that matters. Laundry facilities on-site. Located just steps from public transportation including the bus and train stations, commuting is a breeze--even if you're just hopping over to your favorite coffee shop. Surrounded by top local dining, hospitals, and the University of New Mexico, plus a short stroll to Civic Plaza and nearby schools, this is city living without the hassle. Ideal for professionals, students, or savvy investors.

1
BATHS
531
SQFT
0.37
ACRES
$175,000

Welcome home to this beautifully renovated 2-bedroom, 1-bathroom condo, offering the perfect combination of comfort, style, and convenience with stunning views of the Sandia Mountains.Step inside and enjoy a fresh, contemporary feel throughout, featuring brand-new paint. New carpet, tile, and stylish modern light fixtures. The thoughtfully updated kitchen features brand-new appliances, while the beautifully renovated bathroom showcases a premium porcelain tub and custom tile work.Whether you're a first-time homebuyer, looking to downsize, or searching for a low-maintenance investment, this move-in-ready condo is ready for its next owner.Additional features include a shared garage with storage, plus additional parking outside the garage. A convenient laundry area is located within the building.The HOA helps make ownership easy by covering water, sewer, trash, and exterior maintenance, allowing you to spend less time on upkeep and more time enjoying your home.Located just minutes from trails, parks, shopping, restaurants, and everyday conveniences.

2
BEDS
1
BATHS
836
SQFT
0.01
ACRES

Come home to a thoughtfully updated condo where the work has already been done. With 2 bedrooms, 1.5 bathrooms, and 959 square feet, this inviting Northeast Heights home offers a comfortable layout that feels fresh, functional, and easy to maintain.New laminate flooring flows throughout the home, complemented by fresh paint and updated fixtures. The remodeled kitchen features new appliances and a clean, refreshed design that makes everything from morning coffee to weeknight meals feel effortless. Both bathrooms have also been remodeled, creating a consistent, polished feel throughout the home. In-unit laundry connections and an attached one-car garage add the everyday conveniences we appreciate.When it is time to get out, enjoy nearby recreation at Arroyo del Oso Park and Golf Course, explore the shopping and dining options along Wyoming and Montgomery, or head to ABQ Uptown and Winrock Town Center for restaurants, retail, and entertainment. This condo offers a comfortable place to settle in while keeping much of Albuquerque's Northeast Heights within easy reach.

2
BEDS
2
BATHS
959
SQFT

This lower level unit is move-in ready and waiting for a new owner, or make it an investment property. Tile flooring in living areas, plus carpet in bedrooms that was recently installed (9/2026). This condominium is a three bedroom unit, with two 3/4 baths, PLUS it's own laundry with stackable washer and dryer. A bonus for any new owner! Wood doors and trim, one bedroom w/walk-in closet, light and bright spaces, linen closet, dining/living spaces and adorable kitchen with corian countertops.

3
BEDS
2
BATHS
1,039
SQFT

Welcome to this updated 2-bedroom condo, conveniently located near the clubhouse and pool. This move-in-ready home features vinyl flooring and carpet, refrigerated air, refreshed kitchen countertops, updated lighting, a stackable washer and dryer, and a private balcony, perfect for enjoying your morning coffee or unwinding at the end of the day. Both spacious bedrooms offer walk-in closets for excellent storage, with additional storage space available in the building. The gated community offers a variety of amenities, including a pool, spa, clubhouse, and playground. The HOA covers all utilities except electricity. Ideally located with easy freeway access and minutes from shopping, dining, and everyday conveniences, this condo offers low-maintenance living and a great value in a convenient Albuquerque location.

2
BEDS
1
BATHS
928
SQFT

Enjoy extra space and flexibility with this 16' x 80' single-wide mobile home, ideally positioned on one of the subdivision's largest lots! The home features numerous upgrades, including granite countertops, updated lighting fixtures, a wood-burning fireplace, and MasterCool evaporative cooling. A spacious extension with a carport and covered patio creates the perfect setting for entertaining, relaxing, or enjoying additional outdoor living space. The west exterior wall has been finished with stucco, adding both character and curb appeal. Some flooring and select areas need TLC, offering the buyer an opportunity to add personal touches and build value. The mobile home is not on a permanent foundation and may be removed, subject to community requirements, or the buyer may continue renting the space for approximately $797 per month, including water, sewer, and trash. Additional RVs or trailers may be accommodated for approximately $100 per month each, subject to community approval. A unique opportunity with an oversized lot, upgraded interior, and plenty of room to enjoy--schedule your private showing today! Space 16

3
BEDS
2
BATHS
1,280
SQFT
0.34
ACRES

welcoming mobile home park. This well-maintained home is clean, modern, and ready for its new owners! With an open-concept layout, stylish finishes, and plenty of natural light, it provides a comfortable and inviting space to call home. Enjoy a spacious kitchen with updated appliances, a cozy living area, and a primary suite with a private bath. Conveniently located near major highways, this home offers both comfort and convenience. Buyer must qualify with the park for purchase. Don't miss out--schedule your showing today! Ask about bank financing for this home!

2
BEDS
1
BATHS
600
SQFT

Delightful, impeccable, and very well kept home. Refrigerated A/C. Private, peaceful and serene side & backyard with garden and lush green grass with stunning, unobstructed views from east to west. Newer roof. Upgraded, perfectly kept, clean, plush, carpeting in bedrooms and living area. Nice vinyl in kitchen & baths. Generously sized open Living area and Primary Bedroom suite. Ample closet space. Excellent & convenient location in Four Hills Community with many amenities. Close access to I-40, shopping and restaurants. Potential buyers must apply and obtain approval with Four Hills Management prior to purchase for lot space rent. Current lot rent subject to increase upon new home owner, verify new amount with community management.

3
BEDS
2
BATHS
1,728
SQFT
0.08
ACRES

Welcome to this beautifully updated home in Albuquerque Meadows! Thoughtfully improved inside and out, this home offers a comfortable, low-maintenance lifestyle with upgrades you can appreciate from day one.Inside, you'll find luxury vinyl plank flooring and updated baseboards throughout, fresh interior paint, stainless-steel appliances, a large stainless-steel kitchen sink, and freshly painted cabinetry. The primary bedroom features a custom closet system, while the primary bath has been upgraded with a Bath Fitter walk-in shower. Additional touches include 2-inch wood blinds, updated lever-style door handles, and rocker-style light switches throughout.Major updates include a newer HVAC system with electrical upgrades, a roof replaced in 2023, and a dishwasher replaced in 2024--taking care of some of the big-ticket items for the next owner.Outside, enjoy a low-maintenance turf yard, covered patio/deck area, and two storage sheds. The fully fenced yard is perfect for a small dog and even includes a dog door and ramp from the patio/deck. One shed has been reinforced with plywood interior walls for convenient tool and equipment storage.This home has been incredibly well cared for and thoughtfully upgraded over the past several years. Come see everything it has to offer in Albuquerque Meadows!

3
BEDS
2
BATHS
1,419
SQFT

Great opportunity for this fixer-upper situated on a spacious lot. Sold as-is.

2
BEDS
2
BATHS
1,300
SQFT
0.1
ACRES
$165,000
-$10,000

Northeast Townhouse ready for its new owners! 2-bedrooms in the upstairs area, with a balcony facing the mountains! 1 full bath upstairs. 1 half bathroom downstairs. Washer and Dryer included. Full kitchen and living room area. Enjoy a nice backyard and carport!

2
BEDS
2
BATHS
791
SQFT
0.08
ACRES

Spacious and inviting home. Refrigerated A/C, open living area with tons of natural lighting. Primary bedroom bathroom with convenient walk-in shower. Nice laminate flooring throughout main living areas and brand new carpet in bedrooms. New appliances. Convenient location in Four Hills Community with many amenities. Near Community Center and pool. Close access to I-40, shopping and restaurants. Potential buyers must apply and obtain approval with Four Hills Management prior to purchase for lot space rent. Current lot rent subject to increase upon new home owner, verify new amount with community management.

3
BEDS
2
BATHS
1,152
SQFT
0.09
ACRES

Welcome home to this light, bright, and beautifully updated first-floor condo featuring 2 spacious bedrooms and 2 full bathrooms! The open living and dining areas flow seamlessly into a stylish kitchen, creating a comfortable and functional layout perfect for everyday living and entertaining.Ceramic tile flooring extends throughout the main living areas, while both generously sized bedrooms feature luxury vinyl plank flooring. Step outside to your private, shaded patio--a peaceful retreat perfect for relaxing and enjoying warm summer days.Conveniently located in central Albuquerque with easy access to I-25, this home offers effortless access to shopping, dining, entertainment, and everything the city has to offer. The well-maintained gated community features an impressive array of amenities, including a clubhouse, swimming pool, fitness center, playground, lush landscaping, community garden, assigned parking, additional storage, and gated entry.Move-in ready, thoughtfully updated, and surrounded by fantastic community amenities--this condo offers easy, low-maintenance living in a convenient Albuquerque location!

2
BEDS
2
BATHS
995
SQFT

Affordable Opportunity in Albuquerque's Southeast Heights! Whether you're a first-time homebuyer looking for an affordable path to homeownership or an investor searching for your next opportunity, this 3-bedroom, 2-bath manufactured home, built in 2001, is worth a look! Located in the established South Pointe manufactured home community, this home offers comfortable living in a convenient Southeast Heights location.Enjoy community amenities along with easy access to shopping, dining, schools, and major roadways including Kirtland Airforce Base and Sandia labs. With three bedrooms, two baths, and a practical layout, there's plenty of potential to make this home your own. A great opportunity to build equity, create a home of your own, or add an investment property to your portfolio! Potential Buyers must apply and receive approval for leased lot. $650 monthly rate. South Pointe Village

3
BEDS
2
BATHS
1,260
SQFT
0.03
ACRES

Welcome home to this gorgeous, meticulously cared-for Karsten-built home! From the moment you step inside, you'll appreciate the pride of ownership and the thoughtful details throughout. The open floor plan features raised ceilings, elegant crown molding, and a spacious kitchen and dining area that is perfect for entertaining family and friends. The kitchen is sure to impress with built-in appliances, a large island, and a generous pantry, offering plenty of space for cooking, gathering, and storage. Relax in the cozy living area by the fireplace or retreat to the spacious primary suite, truly fit for royalty! The beautifully appointed primary bath features a walk-in shower--a perfect place to unwind after a long day.This well-maintained home offers comfort, style, and plenty of space, with so much more to discover. A home this well cared for is truly a must-see!

3
BEDS
2
BATHS
1,800
SQFT
$200,000
-$10,000

Nestled on a corner lot in an unbeatable area, you are just minutes from downtown, the zoo, and Tingley Beach, placing dining, entertainment, and outdoor recreation at your doorstep. Whether it is a quick commute, a weekend stroll by the water, or enjoying nearby city amenities, this location delivers exceptional convenience and lifestyle. This well cared for 1 bedroom, 1 bath home offers charming curb appeal and a welcoming feel from the moment you arrive. Inside, a mix of carpet and laminate flooring creates a comfortable, functional living space. The home includes appliances, all less than five years old, including the gas heater and evaporative cooler, making it move in ready. If you are looking for a cozy, lovingly maintained home in a prime location, this one checks all the boxes.

1
BEDS
1
BATHS
730
SQFT
0.04
ACRES

12333 Mountain Road NE E, Albuquerque

Summer Hills Condominiums
$99,000

Don't miss this charming one bedroom, one bathroom condo offering the perfect blend of comfort and convenience. Enjoy your own personal designated parking space. The roof was recently replaced and is covered by the HOA, adding peace of mind for years to come. Located with easy access to Tramway Blvd and I-40, this home puts you close to schools, popular gyms, and some of the area's best local eats and coffee shops. Whether you're a first-time buyer or looking to downsize without sacrificing location, this condo checks all the boxes. Schedule your showing today!

1
BEDS
1
BATHS
469
SQFT
0.01
ACRES

Welcome to this 2 bedroom, 1 bath condo in Albuquerque's Northeast Heights. This two story home offers a functional layout with the living area and kitchen on the main level and bedrooms upstairs. Features include refrigerated air, thermal double pane windows, tile and carpet flooring, 1 car garage and cute private patio. Conveniently located near shopping, dining, and easy access to Juan Tabo, Menaul, and I-40. A great opportunity for comfortable condo living in a convenient Northeast Heights location.

2
BEDS
1
BATHS
836
SQFT

517 Madison Place SE, Albuquerque

Madison Place Condominiums Phase Ii
$184,900

******Price Reduction********Property Being Sold 'As Is' Carpet Allowance with acceptable offer. Comfortable condo with refrigerated air, a private patio and yard, and appliances that convey, including a stackable washer and dryer. Ideally situated near Highland High School, Kirtland AFB, UNM Hospital, Presbyterian Hospital, and other major employers. Excellent access to shopping, restaurants, and everyday conveniences.

2
BEDS
1
BATHS
805
SQFT

REC Available! This charming 1-bedroom, 615 sq. ft. condo offers an incredible opportunity to build equity for less than the average monthly rent! Step inside to discover fresh, modern new flooring throughout, creating a bright and welcoming atmosphere ready for immediate move-in.Ideally situated for effortless living, this move-in-ready home offers fast access to major highways and is just minutes from local dining and shopping options. Commuters and students will love the unbeatable location--only 15 minutes to the University of New Mexico campus!Whether you are looking for an affordable first home or a smart real estate investment with strong rental potential, this low-maintenance property delivers maximum value and convenience. Don't miss out on owning your own space!

1
BEDS
1
BATHS
614
SQFT
2.98
ACRES

Welcome home to this well-maintained manufactured home offering a bright, comfortable layout with thoughtful updates throughout. The spacious living area features attractive wood-look flooring, decorative ceiling beams, abundant natural light, and a custom built-in entertainment center (TV to convey) with shelving and cabinetry. The open layout flows into a functional kitchen featuring white cabinetry, generous counter space, a farmhouse-style sink, and ample storage.The primary suite offers plenty of space to unwind and includes a private bath with dual sinks, a soaking tub, separate shower, and built-in linen storage. Additional bedrooms provide flexibility for family, guests, or a home office. A second full bathroom and dedicated laundry area add everyday convenience.Enjoy cohesive flooring and neutral finishes throughout much of the home, recessed lighting, ceiling fans, and plenty of windows for natural light. The land rent includes water, trash, gas, and sewer, providing added convenience and predictable monthly expenses. With comfortable living spaces, abundant storage, and a welcoming interior, this home is ready for its next owner. Schedule your showing today!

3
BEDS
2
BATHS
1,149
SQFT

610 Central Avenue SW 4G, Albuquerque

The Lofts @ 610 Central Sw Condominiums
$175,000

MODERN DOWNTOWN LOFT LIVING with city views! Located on the 4th floor of The Lofts at 610 Central, this urban residence features exposed ceilings, an open floor plan and a wall of windows filling the space with natural light. The kitchen offers abundant cabinetry while the flexible living area and separate bedroom provide plenty of room to make the space your own. In-unit washer and dryer space. Step outside to restaurants, nightlife, coffee shops, shopping and transit, with UNM just minutes away. HOA covers building and common-area maintenance, exterior features including windows, building insurance, water, sewer and garbage.

1
BEDS
1
BATHS
653
SQFT
$199,000
-$1,000

Come see this fully gated, competitively priced home offering incredible value and versatility. Featuring a detached casita, this property provides the perfect opportunity to generate rental income to help offset your mortgage or create a cash-flowing investment. The solar will be paid off at close and helps keep utility costs low. Out back, you'll find an additional storage/workshop building offering even more potential. Whether you're an investor or a homebuyer looking for extra space and income potential, this property has features that are hard to find. Don't miss this opportunity. it won't last long!Property is zoned R-ML with potentiial to convert the storage to another unit.

2
BEDS
1
BATHS
1,307
SQFT
0.16
ACRES

This well-kept and maintained mobile home offers affordable living in a great community! This 2-bedroom, 2-bathroom home has new carpet and vinyl flooring throughout. Nearby you'll enjoy a community center, tennis and basketball courts, a dog park, and even a community pool! Washer, dryer, fridge & shed convey. Home is on a land lease.

2
BEDS
2
BATHS
828
SQFT
$189,500
-$5,500

Welcome to modern living at its finest! This beautifully designed townhome offers a stylish blend of comfort, functionality, and contemporary finishes. The Home features two bedrooms with two full baths in each room. The large living area is tiled and has a cozy wood burning fireplace. spacious living areas, a modern kitchen, and generously sized bedrooms, this home is perfect for both everyday living and entertaining. Enjoy low-maintenance living with a sleek, modern design and an inviting atmosphere. Ideally suited for those seeking convenience, style, and comfort in a desirable location. A must-see!

2
BEDS
3
BATHS
1,098
SQFT

MULTIPLE OFFERS RECEIVED. Accepting backup offers.Home is occupied, please be respectful and do not approach. This property is being sold as a short sale. Contact listing broker Miranda for details. No showings without an accepted offer. Backyard includes a workshop and covered patio.

3
BEDS
2
BATHS
1,410
SQFT
0.23
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

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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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.