Welcome to this beautifully renovated Ridgecrest gem, where timeless architecture meets modern luxury. Offering approximately 2,500 square feet, this stunning 3-bedroom, 2-bath home has been thoughtfully updated from top to bottom while preserving the character and charm that make this sought-after neighborhood so special.Situated just minutes from UNM, Nob Hill, Downtown Albuquerque, Kirtland Air Force Base, hospitals, dining, shopping, and some of Albuquerque's most beloved parks and recreation areas, this location provides both convenience and an exceptional lifestyle.
Two adjacent R-ML zoned multi-family lots totaling approximately 0.31 acres just off the SEC of Zuni Rd & Florida St in Albuquerque's SE Heights. R-ML zoning supports a range of multi-family development.Owner financing available. 20% down, 7.5% interest, 2-year term, amortization negotiable.
Two adjacent MX-L zoned commercial lots totaling approximately 0.31 acres at the southeast corner of Zuni and Florida in Albuquerque's SE Heights. These lots offer full Zuni Road frontage and access along a commercial and residential corridor with strong daily traffic counts of roughly 13,680 vehicles per day.The MX-L (Mixed-Use Low Intensity) zoning opens the door to a wide range of development opportunities, including retail, service-related, and community-oriented uses. Owner financing available. 20% down, 7.5% interest, 2-year term, amortization negotiable.
Excellent investment opportunity at 633 Grove St SE, Albuquerque, NM 87108. This remodeled duplex offers immediate income potential with tenants already in place, making it a turnkey addition to any investment portfolio. Both units have been updated to provide comfortable, modern living spaces while minimizing future maintenance concerns. Conveniently located near shopping, dining, schools, and major transportation routes, this property appeals to long-term renters and supports strong occupancy potential. Whether you're a seasoned investor or looking to expand your real estate holdings, this income-producing duplex delivers the combination of cash flow, updates, and location that investors seek. Don't miss this opportunity to own a fully leased, remodeled duplex in Albuquerque.
Excellent investment opportunity at 633 Grove St SE, Albuquerque, NM 87108. This remodeled duplex offers immediate income potential with tenants already in place, making it a turnkey addition to any investment portfolio. Both units have been updated to provide comfortable, modern living spaces while minimizing future maintenance concerns. Conveniently located near shopping, dining, schools, and major transportation routes, this property appeals to long-term renters and supports strong occupancy potential. Whether you're a seasoned investor or looking to expand your real estate holdings, this income-producing duplex delivers the combination of cash flow, updates, and location that investors seek. Don't miss this opportunity to own a fully leased, remodeled duplex in Albuquerque.
Completely renovated one bedroom one bathroom apartment! Schedule your tour today.
**FHA Financing Now Available** Completely remodeled, move-in ready, and a $5,000 seller credit at closing! This beautiful 3-bedroom, 1-bath home sits on an oversized lot with convenient backyard access, offering plenty of space for vehicles, toys, a workshop, or future possibilities. Fresh modern interior featuring new flooring and an updated kitchen with brand-new appliances. Major upgrades include a new roof (with 5yr warranty), new windows, updated electric and plumbing, and new HVAC system with refrigerated air for year-round comfort. Whether you're a first-time buyer, downsizing, or looking for a turnkey investment, this home combines quality updates, functionality, and value. Don't miss this opportunity to own a fully renovated home with room to grow!
Section 8 APPROVED! Hurry to rent this Spacious 2 Bed, 1 Bath apartment - It welcomes you with a lovely gated courtyard shared by two well-maintained red brick buildings. BRAND NEW VINYL FLOORING AND HUGE BACKYARD!!! The property has been well maintained by the owner and the interior has many great features. The unit INCLUDES Newer Appliances, Ceiling Fan, and Hook-Ups for WASHER/ DRYERS! Nearby: There are many great shopping centers and restaurant, convenient options for public transportation, and nearby school school districts - Emerson Elementary, Van Buren Middle School, and Highland High School. This property wont LAST LONG!!! Owner Pays ONLY: Water, Sewer, and Trash. Animals require lessor approval
Sec 8 Approved - Available NOW!! Come to see this GREAT Full 2 Bed/1 Bath with your own Fenced Front Yard! Inside: FRESHLY painted and FULLY-TILED Flooring throughout 735 SqFt! NEW ceiling fans in the bedrooms, with SPACIOUS closets in Both the Bedrooms and living room! The kitchen includes newer Appliances and Tiled countertops Too! You wont believe the area with these hot spots nearby; Coronado Center (3.1 miles), the Eubank and Central intersection, 5 minutes from Costco, Sams Club, and Home Depot! This property wont last long! Animals require lessor approval. Owner pays water, sewage, and trash only.
Section 8 APPROVED! Hurry to rent this Spacious 2 Bed, 1 Bath apartment - It welcomes you with a lovely gated courtyard shared by two well-maintained red brick buildings. The property has been well maintained by the owner and the interior has many great features. The unit INCLUDES Newer Appliances, Ceiling Fan, and Hook-Ups for WASHER/ DRYERS! Nearby: There are many great shopping centers and restaurant, convenient options for public transportation, and nearby school school districts - Emerson Elementary, Van Buren Middle School, and Highland High School. This property as it wont LAST LONG!!! Owner Pays ONLY: Water, Sewer, and Trash. Animals require lessor approval.
Fresh Price--Now Offered at $465,000. Discover the warmth and character of this beautifully redesigned mid-century home in a desirable location near Ridgecrest and Nob Hill. Originally built in 1950, this 2,081 sq ft residence has been thoughtfully reimagined and expanded, creating warm living spaces with exceptional architectural detail. The custom kitchen is the heart of the home, featuring abundant cabinetry, glass-front built-ins, designer tile backsplash, a gas cooktop island, skylights, and generous workspace for cooking, gathering, and entertaining.Natural light fills the home, highlighting warm wood accents, clean lines, and inviting indoor-outdoor living. The primary suite offers Sandia Mountain views and an iconic Malm fireplace. Outside, enjoy established garden beds, mature fruit trees, grape vines, and open space ready for gardening, relaxing, entertaining, or bringing your own backyard vision to life. Conveniently located near Ridgecrest, Nob Hill, UNM, parks, shopping, and dining, this distinctive property offers timeless character, thoughtful updates, and exceptional value.
Vacant Land with Pool | Prime Infill Opportunity in Ridgecrest. Seize a rare chance to build your dream home in one of Albuquerque's most sought-after neighborhoods. This exceptional vacant lot in the prestigious Ridgecrest area comes complete with an existing pool- a significant head start that adds instant value and saves considerable time and expense for your future build. Nestled in a well-established community known for its tree-lined streets, walkable charm, and proximity to Nob Hill's vibrant dining and shopping scene, this lot offers the perfect canvas for a custom residence tailored to your vision. Infill opportunities of this caliber in Ridgecrest are increasingly rare, making this an ideal investment for owner-builders, developers, or savvy buyers looking to plant roots in a
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a unit mix of 1-bedroom/1-bath catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 7.37% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market. A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk.
potential cap rate of 11.1%Residents enjoy a soft-gated community entry and parking right in front of their apartments. They also love the pragmatic floor plans, including open kitchens with lots of counter space, inviting bar tops, and a mix of contemporary and well-preserved mid-century modern tilework and fixtures. Over-sized full bathrooms boast expansive mid-century modern built-ins and tile work - including nearly 10 feet of counter, vanity space, and built-ins. Recent apartment upgrades include thermal windows, updated fixtures, fresh paint, and quality Luxury Vinyl Plank flooring throughout. Recent community updates include a large and accommodating community laundry room (with free machines for residents) and multiple quality, secured communal outdoor spaces.
Commercial Opportunity, make money with this Great Property TOTAL RENTS INCOME 8,530.00 monthly, REC with 10% down , prime real estate gem. Opportunity. 90% Leased: With 5 units currently rented and 2 vacant units, you'll step into an instant revenue stream, offering a lucrative return on investment from day one.
This prime corner-lot home in Parkland Hills/Ridgecrest Area is just minutes from top dining, shopping, entertainment, parks, and local breweries. This Charming home features a soft remodel with a bright living area, kitchen, and dining. Original hardwood floors in the living room and bedrooms add to the charm, while tile flooring enhances the kitchen and bathroom. Additional highlights include refrigerated air, new Stucco, new windows, and newly installed owned solar panels. The fully fenced landscaped backyard offers backyard access, a dog pen, and shed, perfect for relaxing or entertaining guests. Home also features a tankless water heater. TPO Roof was replaced in 2020. An ideal starter home in a sought-after location!
Attention investors! This Southeast Heights 4-plex is a fantastic opportunity to expand your investment portfolio. The property features four fully occupied 2-bedroom, 1-bath units, each with its own individual utility meter. Conveniently located near shopping, dining, and everyday amenities, this income-producing property offers strong rental appeal in a desirable location.
This well-maintained 4-plex is an excellent investment opportunity with strong rental appeal and low-maintenance features throughout! Offering three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, this property is designed for easy ownership and tenant convenience. Recent improvements include a newer roof with warranty, newer fencing, and refreshed stucco surfaces for added peace of mind. Interiors feature durable flooring throughout with no carpet, making upkeep simple and cost-effective. All units equipped with electric systems for easier and more affordable repairs, plus stoves and refrigerators are included in every unit. Select units also offer washer hookups for added tenant convenience. A great addition to any investment portfolio with practical upgrades.
Well maintained tri-plex located in a secluded pocket neighborhood close to KAFB, the VA Hospital, Nob Hill and UNM/UNMH. Excellent opportunity to add to your portfolio or start your portfolio. Each unit has two bedrooms, spacious living room, full bath, large kitchen, and a back patio area. Each unit has a detached storage unit in the back corner of the property for extra items. Each unit is individually metered for gas and electric. Owner pays water, sewer, and trash. One on-site parking spot and plenty of street parking. Sellers also own 4017 Thaxton SE, a tri-plex next door. Buy one property or both!
*Property is being sold as a package with 1024 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.
*Property is being sold as a package with 1008 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.
PRICE REDUCTION!!!! Great opportunity on this FULL OCCUPANCY and GREAT income producing property in SE Albuquerque. 2 very spacious units that have offstreet parking, an attached storage unit and tile flooring. Wonderful Investment with tenants that have a month to month lease.
Remodeled mid-century modern home blending timeless character with thoughtful modern updates. Filled with natural light and warm, inviting spaces, this home features a stunning, professionally designed primary suite (2023), plus major mechanical updates including HVAC (2023), a tankless hot water heater (2023) and a TPO roof (2015). The true showstopper at this property is the oversized lot with incredible outdoor living space, a detached 3-car garage, and a detached 433 sqft casita complete with its own entrance, kitchen, living room, bedroom and full bath. Ideal for guests, rental income, multigenerational living, office or gym space. A rare Nob Hill property offering versatility, space, updates and style just steps from two parks. This one truly has to be seen to be appreciated.
Exceptional mid-century modern home in coveted Ridgecrest neighborhood, orignally in 1959 and masterfully preserved. This timeless single-story ranch has been thoughtfully updated over the years. Situated on a rare half-acre corner lot just minutes from Nob Hill and The UNM, this custom single-level residence is surrounded by mature trees, lush landscaping, and vibrant flower gardens. Architectural details include a shake shingle roof, expansive wraparound porches perfect for seamless indoor-outdoor living. The versatile floor plan offers 4 bedrooms, multiple living spaces, a chef's kitchen, formal dining, and a private wine cellar. The backyard offers a peaceful retreat featuring mature landscaping and a beautiful swimming pool--perfect for relaxing or entertaining in a serene setting.
Daria Derebera
Real Estate Broker in Albuquerque, NM
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