Homes Under $200K in Greater Albuquerque

Find affordable homes under $200,000 in Greater 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 130 listings in Greater Albuquerque.

Refine
130 Properties
Page 1 of 5

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
$150,000

This Edgewood, NM fixer upper is now available. Home sits in the heart of Edgewood at the end of a cul-de-sac with a large tract of vacent land as its neighbor. Good bones, needs a lot of TLC. Condition of the central forced air heat and evaportive cooler are unknown. Condition of the water softner in the garage is also unknown. Master bath needs a shower kit. Paint is needed throughout, there are no appliances present. Two bedrooms have no flooring, the rest is tile. GREAT INVESTOR OPPORTUNITY! Convenient shopping and easy access to I40. Albuquerque is about 30 minutes away and Santa Fe is an hour.

3
BEDS
2
BATHS
1,093
SQFT
0.77
ACRES

Great Potential in this 3 bedroom 2 bath home! So much of the of the hard work has already been done, updated windows through out, updated electrical breaker box, updated ac/heat unit, plumbing has been updated, Rheem performance water heater and a Culligan water softener,property does have natural gas is currently not hooked up,has a permanent foundation and title is inactive! There are two insulated sheds and a carport on this fenced 2.4 acres that will also come with a riding lawnmower. Bring your creativity this hidden gem needs a little more TLC to transform it into your dream home.

3
BEDS
2
BATHS
1,200
SQFT
2.4
ACRES

Charming 2-bedroom, 1-bath home nestled in a peaceful Peralta setting. Featuring a comfortable layout and inviting living spaces, this home offers the perfect blend of quiet country living and everyday convenience. A great opportunity for first-time buyers, downsizers, or investors

2
BEDS
1
BATHS
1,000
SQFT
0.09
ACRES

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!

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
$175,000

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! Selling as-is.

2
BEDS
2
BATHS
791
SQFT
0.08
ACRES
$170,000

2
BEDS
1
BATHS
984
SQFT
0.14
ACRES

125 Al Seery Drive, Belen

Rio Grande Mobile Estates
$195,000

Welcome Home! Just in time for the holidays! Step into this bright living room with wood laminate floors, where you'll be invited to spend time with friends and family. The cute dining area and kitchen, complete with a stone-decorated breakfast bar, are ready for cooking and hosting gatherings. The spacious primary room at the front, separated from the smaller rooms, features a larger tub, updated cabinetry, a decorative stone countertop, a vanity, and some updated lighting. The walk-in closet has plenty of space. Outside, you'll find a cute front fenced yard, access to the backyard, and a 1-car garage in the back, offering plenty of room to park your vehicles, set up a play area, or even raise chickens🐔🐥🚗🚚🛴 This home is waiting for you. Don't miss the chance to make it yours!

3
BEDS
2
BATHS
1,232
SQFT
0.24
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

Move-in ready and affordably priced! This well-designed 2-bedroom, 1-bath condo offers the perfect comfortable living space. The inviting floor plan features a spacious living room, separate dining area, and functional kitchen. Upstairs, you'll find two generously sized bedrooms, including a primary bedroom with a walk-in closet, plus a full bath. Conveniently located in Albuquerque with easy access to shopping, dining, and major roadways. A great opportunity! HOA covers water, trash, sewer, and exterior of the building!

2
BEDS
1
BATHS
1,026
SQFT

1212 Las Rosas Drive SE, Los Lunas

Villa Escondida Phase 1
$165,000

MOBILE HOME ONLY! LAND IS LEASED $650 monthly. Brand new 2026 double wide. 4 bedrooms 2 bathrooms with a porch to enjoy a nice afternoon. All utilities are setup ready for you to move in. Refrigerated air and all new appliances convey. Huge laundry room and eating area next to the glass doors. Located in the heart of Los Lunas, near the river.

4
BEDS
2
BATHS
1,750
SQFT
0.12
ACRES

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

Investor Special!! Tons of Potential with this 10 acre property!!! Property features: 2+ living areas, Living room w/ fireplace & an additional living area w/ wood burning stove, Large kitchen w/ island, utility room, Spacious primary bedroom w/ walk-in closet & bathroom w/ double sinks, garden tub & separate shower, 2 additional bedrooms w/ full bath and beautiful acreage w/ meadow & trees & front deck to take in the views. Don't miss this one!

3
BEDS
2
BATHS
1,603
SQFT
10
ACRES

Looking for space, land, and the freedom to create your own little homestead? This approximately one-acre property offers plenty of possibilities! The property includes an older 1984 single-wide manufactured home and an existing outbuilding suitable for feed storage and housing small animals. The fenced acreage provides room for chickens, gardening, pets, or other small-animal uses, subject to applicable regulations. This property offers an opportunity for a buyer willing to bring some vision and improvements to an affordable acreage setting. Come explore the possibilities and make this one-acre property your own!

2
BEDS
1
BATHS
980
SQFT
1
ACRES
$145,000

This updated 2-bed, 1-bath condo is the low-maintenance lifestyle you've been searching for. The 775 sq ft second-story unit feels bright and fresh with updated kitchen cabinets and countertops, appliances, bathroom tub and tile, flooring, and evaporative cooler within the last four years. The windows and patio door replaced in 2023 bring in natural light while boosting energy efficiency. Just minutes from downtown, you're close to shopping, dining, and entertainment--without the downtown price tag. Everything here has already been done for you, so all that's left is to move in and enjoy. Perfect for first-time buyers, downsizers, or investors looking for a turnkey opportunity. Schedule your showing today!

2
BEDS
1
BATHS
775
SQFT

Country living awaits on this 2.3-acre lot in South Moriarty. This fully fenced, 3-bedroom, 2-bath manufactured home (1,344 sq ft, built 1995) features a split floor plan, a primary suite with full en-suite bath, and a kitchen with a bar area. Central heat and evaporative cooling keep it comfortable year-round, and thermal windows add efficiency. A shed and storage building offer extra space, with a private well and septic system in place. Zoned RR, perfect for a homestead, hobby farm, or just room to breathe.Seller will consider owner financing!

3
BEDS
2
BATHS
1,344
SQFT
2.3
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
$125,000

Great Investor Opportunity! Convenient Near North Valley Location. Easy Access to I-40. Much Potential For A Renovation Project or Fix and Flip. Property Is Being Sold In As-Is Condition. 2-Bedrooms, 1-Bathroom. Back Yard Access. Buyer to Verify All Information Including Condition, Utilities, Zoning, and Square Footage. This property Is Ideal For Investors, Flippers, or Contractors. Cash or Renovation Financing Is Likely Required.

2
BEDS
1
BATHS
576
SQFT
0.07
ACRES

517 Madison Place SE, Albuquerque

Madison Place Condominiums Phase Ii
$184,900
-$10,100

******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
$159,900
-$5,100

Move-in ready and waiting for its very first owner! This brand-new 3-bedroom, 2-bath manufactured home sits on a permanent foundation and qualifies for FHA financing, making ownership more accessible and convenient. Set on a half-acre corner lot with community water and refrigerated air, the home offers modern comfort with space to grow. Inside, you'll find a bright, open floor plan with stylish contemporary finishes designed for easy, everyday living. Outside, the oversized lot gives you the freedom to add a garage or workshop, park your RV and recreational vehicles, or design the outdoor space you've always wanted. Enjoy the peace of country-style living with quick access to I-40, just minutes from Edgewood, Albuquerque, and Santa Rosa. A turnkey new home with room to make it your own.

3
BEDS
2
BATHS
1,280
SQFT
0.48
ACRES

Exceptional opportunity for an investor or buyer looking for a property with incredible potential! Situated on approximately 1.5 acres with beautiful views, this property offers plenty of space and opportunity to make it your own. The 962 sqft 4-car garage/workshop is a standout feature, complete with heating, 220V power, and a hydraulic lift. The workshop provides an ideal space for automotive projects, hobbies, storage, or a variety of other uses. The property needs some TLC, but with the right vision and some love, the possibilities are endless!

3
BEDS
2
BATHS
2,114
SQFT
1.47
ACRES

Move-In Ready 2022 Manufactured Home - 3 Bed, 2 Bath in Four Hills Community Welcome to this nearly-new 2022 manufactured home offering comfortable, modern living in the desirable Four Hills Community. This well-maintained 3-bedroom, 2-bathroom home is truly move-in ready--just unpack and settle in.

3
BEDS
2
BATHS
1,056
SQFT
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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.