Home / Los Lunas / Homes Under $200K in Los Lunas

Homes Under $200K in Los Lunas

Find affordable homes under $200,000 in Los Lunas, 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 11 listings in Los Lunas. Want to refine your search? Use our Advanced Home Search to filter by price, bedrooms, features, and more.

Sort By

Mobile home on 1.25 fenced acres. Owner occupied, has handicapped ramp. Nice corner lot and seller will take owner financing with larger down payment

2
BATHS
980
SQFT
1.03
ACRES

Brand new 2026 single wide MOBILE HOME ONLY! 3-bedroom 2 bath. Kitchen includes brand new appliances, dish washer, coffee bar. Centrally located in Los Lunas, near the train station and river! Ready for you to move in. LAND LEASE $750 monthly

3
BEDS
2
BATHS
1,140
SQFT
0.12
ACRES

Charming 3-bedroom, 2-bath home situated on a spacious 0.50-acre lot, offering plenty of room to expand, garden, or create your ideal outdoor retreat. Conveniently located near shopping, dining, and everyday amenities, this property combines space with accessibility. This Property is ADA Accessible.This home does need some TLC, making it a great opportunity for investors or buyers looking to add their personal touch and build equity. With solid potential and a generous lot, the possibilities are endless.Don't miss out--schedule your showing today!

3
BEDS
2
BATHS
1,216
SQFT
0.5
ACRES

Welcome to a rare opportunity in the heart of Los Lunas, New Mexico--where comfort, convenience, and charm meet beneath the shade of beautiful mature trees. Situated on a spacious quarter-acre corner lot, this fully fenced property offers privacy and room to breathe. The mobile home rests on a permanent foundation and features a durable metal roof, double-pane windows, and all city utilities already in place. Enjoy paved roads, a peaceful established neighborhood, and quick access to Los Lentes Rd, Highway 314, shopping centers, restaurants, and everyday essentials. A warm and inviting setting with practical value. OWNER TO OWNER FINANCING AVAILABLE--an exceptional path to homeownership in one of Los Lunas' most welcoming communities.

3
BEDS
2
BATHS
1,377
SQFT
0.25
ACRES

Remodeled! Flooring, light fixtures, outlets and light switches, kitchen cabinets, and all faucets. This home has been completely redone! .50 Ac lot in the valley. Home has not been lived in since the new septic and remodel.

2
BEDS
2
BATHS
980
SQFT
0.5
ACRES

Affordable 3 bedroom, 2 bath manufactured home on 1 acre. Plenty of space, privacy, and potential.

3
BEDS
2
BATHS
980
SQFT
1.31
ACRES

Brand new 2026 single wide MOBILE HOME ONLY! 3-bedroom 2 bath. Kitchen includes brand new appliances, dish washer, coffee bar. Centrally located in Los Lunas, near the train station and river! Ready for you to move in. LAND LEASE $750 monthly

3
BEDS
2
BATHS
1,140
SQFT
0.11
ACRES

Well-priced townhouse in the city. Close to schools, restaurants and stores. Rented month to month.

1
BEDS
1
BATHS
589
SQFT
0.04
ACRES

Come take a look at this great opportunity in Los Lunas! The home needs work but has potential! The home features spacious rooms, large kitchen with eat in area, detached buildings for your hobbies! Come take a look if you are looking for a fixer upper! Property is being sold as is. Home has signs of water/roof leaks there is some discoloration on ceiling and walls. Unknown if leaks are still active. Zoning to be verified by buyer if of importance. Per assessor home is an entombed single wide mobile home with additions. Assessor has home classified as single family residence.

2
BEDS
1
BATHS
1,684
SQFT
0.54
ACRES

Investor Special! This manufactured home sits on a spacious 0.33-acre lot and is the perfect opportunity for anyone looking to put in some work and build instant equity. With plenty of room to create your vision, this property offers endless potential--whether you're looking to renovate and flip, add to your rental portfolio, or customize it into your own home. It's ready for a new owner to bring it back to life and take advantage of the value this lot and location have to offer. Don't miss out on this great deal!

3
BEDS
2
BATHS
1,076
SQFT
0.33
ACRES

Back on the market with a new roof and septic! This fully renovated 2-bed, 1-bath gem sits on a spacious .46-acre lot in El Dorado Estates. Inside, enjoy a brand-new kitchen with granite countertops, stainless steel appliances, and updated cabinetry. Luxury vinyl tile flows throughout, complemented by new mini-split heating and cooling. Outside, relax under a large covered patio surrounded by mature landscaping. The property also includes a workshop and two storage units. Plenty of room to enjoy the beautiful NM weather. Schedule your showing today!

2
BEDS
1
BATHS
896
SQFT
0.46
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

Southwest MLS Logo 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.