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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 78 listings in Albuquerque. Want to refine your search? Use our Advanced Home Search to filter by price, bedrooms, features, and more.

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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

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

Cute move in ready two bedroom with basement and attic. This property is fully fenced and gated, Front features a covered patio, parking area, and storage shed.

2
BEDS
1
BATHS
646
SQFT
0.09
ACRES

Investor Opportunity in North Valley! This 2-bedroom, 1-bath home offers an opportunity in a desirable North Valley neighborhood. The property is in need of some love and renovations, making it an ideal project for an investor, contractor, or buyer looking to bring their vision to life. With the right improvements, this property has excellent potential to be transformed into a beautiful home.

2
BEDS
1
BATHS
1,032
SQFT
0.17
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

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

Bring your vision to life with this South Broadway home ready for renovation and a new lease on life! This property is a great opportunity for an investor, flipper, contractor, or buyer looking for a value-add project. The home offers plenty of potential for the right buyer to renovate, build equity, and create something special. Convenient alley access along the east side provides access to the backyard and added flexibility for renovation, materials, parking, and improvements. Bring your tools, creativity, and vision, this could be your next project!

3
BEDS
1
BATHS
1,151
SQFT
0.13
ACRES

Welcome to this great investment opportunity! This is subject to bank approval and accepting cash only offers. There are many possibilities with this property! Being sold as-is.

3
BEDS
3
BATHS
2,094
SQFT
0.17
ACRES
$160,000
-20,000$ 08/15

Investor Special in Desirable North Valley! Excellent opportunity for investors, contractors, or buyers looking to renovate and build equity. This 2-bedroom, 1-bath home is situated in a highly sought-after North Valley location and offers tremendous potential. With the right vision, the existing floor plan could be reconfigured into a 3-bedroom, 2-bath home (buyer to verify feasibility).This property is ready for a complete renovation and is being sold AS IS. Bring your ideas and transform this diamond in the rough into a beautiful home or investment property. Conveniently located near shopping, dining, parks, and other North Valley amenities. A rare opportunity to create value in a prime location. Cash or possible conventional financing with a rehab loan.

2
BEDS
1
BATHS
1,839
SQFT
0.17
ACRES

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

Welcome to this inviting 2-bedroom, 2.5-bath home in the desirable Northeast Heights, offering comfort, convenience, and thoughtful updates throughout. The kitchen features stainless steel appliances, while a dedicated washer and dryer hookup adds everyday ease. The main living area showcases laminate wood flooring and a cozy gas log assist fireplace with a mantle, creating a warm focal point. Upstairs, new carpet extends through the stairs, hallway, and both bedrooms, each with its own private bathroom and generous closet space. The primary bedroom includes a three-quarter bath for added functionality. Enjoy a landscaped backyard framed by mature trees, a raised deck with storage off the back patio, and a private outdoor setting perfect for relaxing or entertaining. A well-maintained layout and desirable location make this Northeast Heights home a must-see. This property is conveniently located near shopping and dining!! **FLOORING ALLOWANCE OFFERED WITH AN ACCEPTABLE OFFER***

2
BEDS
3
BATHS
1,042
SQFT

Stunning 3 bedroom 2 bath home in desirable SE Heights close to I-40. This beautiful single story Silver Crest home is move in ready. Beautifully designed and staged to show its ample space. Good sized kitchen stainless steel appliances, open light and bright lots of drawers and cabinets plus pantry. Enjoy a study / office or 3rd bedroom or office . Owners suite with walk in shower. Extra storage thru out home. This is a fantastic affordable home in Four Hills MH Park. The community offers pool, Tennis courts (RV storage available for extra fee with park).

3
BEDS
2
BATHS
1,100
SQFT

Welcome to an updated home located in the exclusive Albuquerque Meadows 55+ community.This property is situated in a prime location directly across from the clubhouse with hot tub, pool, library, art room, pool room and gym. Walking distance to a walking trail and park. Very active association with lots of social activities. The front door opens into a large, bright great room with north- and west-facing windows that offer excellent sunset views. There is a connecting office/DR featuring built-in shelves and cabinets.The updated kitchen includes hickory cabinets, a decorative copper tin backsplash, pull out drawers, lazy susan, and ample storage. The adjacent dining area features a sliding glass door that opens to a large covered deck, which is ideal for entertaining. All furniture included on the deck.The private primary suite offers multiple closets and an remodeled primary bath with a new vanity, large mirrors, plumbing, and light fixtures. The second bedroom has access to a 3/4 bath, making it convenient for guests or roommates. Storage closet could be a craft room.Additional features of the home include: - Replaced roof on both the home carport, and storage shed. - Refrigerated air conditioning. - Two hot water heaters - All appliances included - Motion lights inside and out - Several replaced front and side windows including the sliding glass door. - Carport with an extended roof that provides shade and accommodates two vehicles and golf cart - Storage shed wired for electricity located in the back equipped with solar lighting - Nine security cameras included with the ring doorbell -Water filtration system in the kitchen - Four flat-screen TVs with a 2 surround sound system included - Easy care landscape - An enclosed yard suitable for dogs - Additional parking available across the street

2
BEDS
2
BATHS
1,680
SQFT

Welcome home to this charming two-story, 2-bedroom, 1-bath condo offering comfort and low-maintenance living. Fresh paint throughout enhances the bright and inviting feel of the home. The thoughtful floor plan features accent walls and a spacious living area. The kitchen comes equipped with stainless steel appliances. Step outside to a fenced backyard perfect for relaxing, entertaining, or giving pets their own outdoor space. Conveniently located with easy access to shopping, dining, parks, Kirtland Air Force Base, UNM, and major commuter routes, this home offers both comfort and convenience.

2
BEDS
1
BATHS
912
SQFT

Welcome to this charming 2-bedroom, 1-bath ground-level condo offering comfortable, low-maintenance living. The home features spacious bedrooms, including one with a walk-in closet, an in-unit washer, and additional storage in the garage. Conveniently located near Menaul and Juan Tabo, you'll enjoy quick access to shopping, dining, parks, and I-40. The HOA maintains the common areas, adding to the convenience. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this well-located condo is one you won't want to miss

2
BEDS
1
BATHS
836
SQFT

This property offers potential for buyers looking to create a home tailored to their style. Being sold as is.

3
BEDS
2
BATHS
1,396
SQFT
0.18
ACRES
$183,000
-3,000$ 08/10

Welcome to 12 Nieves rd SE, a charming and cozy 2bedroom, 1.5 bath home offering a peaceful New Mexico life style with convenience of Albuquerque just minutes away. Enjoy the best of both worlds -mountain living, privacy and tranquility with quick access to the city. Private well adds extra value and independence. Seller will consider REC with $15,000 down, sold as isThe Patio is in front of the house.

2
BEDS
2
BATHS
1,008
SQFT
0.15
ACRES

Located in a gated community near UNM, Nob Hill, The Pit, Kirtland AFB and much more! This Eagles Nest condo is the perfect place to call home. HOA pays all utilities and also maintains the exterior of the residence. There is also a community pool, laundry, and dog run. Schedule your showing today.Some images have been virtually staged.

1
BEDS
1
BATHS
582
SQFT
0.16
ACRES

2
BEDS
1
BATHS
791
SQFT
0.01
ACRES

Beautiful, low maintenance Condo featuring two spacious owners suites, each with a private bathroom, plus a convenient half bath on the main level. The inviting living room offers a cozy wood burning fireplace, creating the perfect space to relax and/or entertain. The primary Owners Suite includes a newly remodeled bathroom with modern finishes. Enjoy two designated parking spaces and a convenient location with quick access to I-40, restaurants, shopping, and local businesses. The HOA offers exceptional value by covering water, sewer, trash, roof maintenance,stucco maintenance and common area upkeep, making homeownership easy and affordable. Whether you're a first time buyer, looking to downsize, or search for a great investment opportunity, this move-in-ready home combines comfort, convenience, and low maintenance living in an excellent convenient location.

2
BEDS
3
BATHS
1,042
SQFT

Single-level home near restaurants, parks, and freeway access. This 2-bed, 1-bath home has fresh paint, some new light fixtures, and a blank slate inside--no carpet or flooring installed, ready for your personal touch. A large backyard and front yard offer ample space. While exterior maintenance is needed, this is a great starter home, rental, or flip opportunity.

2
BEDS
1
BATHS
928
SQFT
0.15
ACRES

Beautifully remodeled manufactured home in the sought after Four Hills Mobile Home Park offering comfort, space, and value. The open living area provides a welcoming place to gather, while the functional kitchen, spacious primary suite, and two additional bedrooms offer a layout designed for everyday living. Outside, enjoy a generously sized lot with plenty of room for pets, entertaining, or simply relaxing. Residents also have access to outstanding community amenities including multiple activity centers, 24-hour security, tennis and basketball courts, three swimming pools, and more. Conveniently located, 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
1,230
SQFT

MOVE-IN-READY! This 2-bedroom, 1 bath home has been beautifully updated and renovated. Enjoy a stunning brand-new kitchen featuring new wood floors, quartz countertops, crisp white cabinetry and modern finishes. Completely remodeled bathroom with tile floors, tile surround and new plumbing fixtures. New paint throughout, new subfloor, new water heater, new pex plumbing, and new carpet. Laundry hookups inside the home. Seller prefers cash offers or best offer, home is not on permanent foundation. Lot rent is $600/mo. Dont miss this opportunity!

2
BEDS
1
BATHS
800
SQFT

Cozy 2 bedroom/ 1 full bath condo in gated community. A fresh coat of paint, new carpet, and vinyl flooring welcome you into this lovely space! Experience the beautiful views of the Sandias from the covered balcony. Plenty of kitchen countertop space for cooking and entertaining. Refrigerated air to cool you off during those warm summer days. Additional condo amenities allow you to enjoy access to a pool, gym, sauna, playground, and clubhouse along with easy access to the freeway. All utilities except for electric are included in the HOA fee. Buildings each have their own key code. Don't miss out on the ease of condo living in #335!

2
BEDS
1
BATHS
983
SQFT

Affordable 3-bedroom, 2-bath single-wide manufactured home located in a well-maintained mobile home park. This home offers a functional floor plan with a spacious living area, a primary suite, 2 full baths, and two additional bedrooms that provide flexibility for guests, a home office, or hobbies. Conveniently located near shopping, dining, and everyday amenities.Possible short-term owner financing available for qualified buyers, offering an excellent opportunity for those seeking alternative financing options. Contact the listing agent for details and financing terms. Buyer must be approved by the mobile home park. Lot rent applies.

3
BEDS
2
BATHS
1,008
SQFT
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

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