Elder Homestead homes for sale in Albuquerque, NM

Elder Homestead is a residential subdivision in the Southeast Heights area of Albuquerque, New Mexico, in Bernalillo County (87108). Homes here are zoned to Emerson Elementary, Van Buren Middle, and Highland High schools. Listings mention storage facilities. 3 homes are currently for sale, and 13 homes have sold here recently.

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3 Properties
Land Residential Residential Income

Discover a truly one-of-a-kind log cabin duplex in Albuquerque. This distinctive log-construction duplex combines timeless character with modern updates, offering an exceptional opportunity for an investor, owner-occupant, or buyer looking for a unique income-producing property.The property features two spacious 2-bedroom, 1-bath units, each offering its own comfortable living space, open kitchen, updated bathroom, and attractive wood-style flooring. Both units include in-unit laundry, making this property especially appealing to today's renters.The lower unit offers the added benefit of a large private fenced yard with landscaping and an open patio, creating valuable outdoor living space that is difficult to find in an income property. The property also provides five dedicated paved parking spaces, adding convenience for residents and guests.Recent improvements throughout the property create a more modern, move-in-ready feel while preserving the incredible rustic charm that makes this duplex stand apart from ordinary multifamily properties. The log construction, vaulted/open-beam character, and unique architectural appeal give this property a personality you simply won't find in a typical duplex.Whether you're looking to live in one unit while generating rental income from the other, add a distinctive property to your investment portfolio, or secure a turnkey duplex with strong rental potential

4
BEDS
2
BATHS
1,591
SQFT
0.12
ACRES

This is a great opportunity to add four unique cash flowing log cabin units to your investment portfolio!Both buildings have been updated, including newer refrigerated air conditioning and forced air heating, windows, roofing, electrical, countertops, toilets and vanities in all units, and luxury vinyl plank flooring in the upstairs units. Do not disturb tenants - showings upon acceptable offer only.

8
BEDS
4
BATHS
3,500
SQFT
0.2
ACRES

UNBEATABLE CONVENIENCE & SPACIOUS LIVING IN CENTRAL ALBUQUERQUE!Welcome to 1017 Georgia Street SE, a charming single-story residence offering 2,177 sq. ft. of versatile living space in one of Albuquerque's most central and accessible pockets. Whether you're commuting across town, heading to nearby employment hubs, or exploring the city's vibrant dining and shopping scenes, this location delivers effortless access to major thoroughfares, including I-40, Louisiana Blvd, and Gibson Blvd.PROPERTY HIGHLIGHTS:Generous Layout: 3 spacious bedrooms and 2 full bathrooms, perfect for comfortable daily living, a home office setup, or hosting guests.Warm & Welcoming: Features a classic fireplace as the focal point of the living space, creating an inviting atmosphere year-round.Functional Extras: Includes a 1-car attached garage for parking and storage, situated on a manageable 0.17-acre lot with low-maintenance outdoor spaces.Prime Location: Enjoy close proximity to UNM, Nob Hill dining, local schools (Emerson Elementary, Van Buren Middle, Highland High), parks, and essential everyday shopping.Perfect for buyers looking for a central retreat with plenty of room to spread out without sacrificing quick commute times. Schedule your private showing today and experience the ideal blend of accessibility and comfortable living!

3
BEDS
2
BATHS
2,177
SQFT
0.17
ACRES

Explore nearby properties (within 1 mile):

Fantastic investment opportunity! This well-maintained triplex offers two occupied rental units and one available for owner-occupancy or additional income potential. The property offers spacious living areas, functional kitchens, and private entrances for each unit. Ideal for investors or owner occupants seeking steady rental income. Located near schools, shopping, and commuter routes, this triplex combines comfort and practicality with strong rental history and long-term potential. A rare find that's ready to start generating income from day one! 'Subject to seller's 1031 exchange; no cost to buyer.

6
BEDS
3
BATHS
2,296
SQFT
0.19
ACRES

Welcome to this spacious 4 bedroom, 2 bath home offering an inviting layout and thoughtful updates throughout. This many bedrooms and size of home does not come around often! In recent years, the seller has updated the kitchen, refreshed the interior with new paint, and removed all carpeting for a cleaner, low-maintenance feel. The generous living area flows into the dining space, creating a comfortable setting for everyday living and entertaining. The kitchen offers a functional layout with plenty of storage. Outside, the spacious yard provides room to relax, entertain, garden, or create your own outdoor retreat. With its flexible floor plan, recent improvements, and convenient SE Albuquerque location, this home is ready for its next owner to make it their own.

4
BEDS
2
BATHS
1,448
SQFT
0.14
ACRES

Some homes just have good bones but this one has both good bones and the updates to match! Shaded by mature trees and a classic covered porch, it's the kind of curb appeal that doesn't go out of style. The big-ticket items? Already handled. Renewal by Andersen windows, a TPO roof, a Mastercool evaporative cooler, an updated water heater, and custom security bars mean the important work is done so you can focus on making it yours. Inside, a fireplace-warmed living room up front, an open kitchen at the heart of the home, and a versatile den featuring a wood-burning stove. A separate dining room doubles easily as a library or home office, and refinished original wood floors run through the main living spaces, adding character you can't fake. Out back, there's real room to spread out, a patio for entertaining, a storage shed for the extras, and both alley and backyard access for hauling, parking, or projects. Updated where it counts, original where it matters! Conveniently located with quick access to Albuquerque Sunport, Kirtland Air Force Base, Sandia National Laboratories, hospitals, shopping, and dining! This home offers exceptional flexibility, value, and is move-in-ready!

3
BEDS
2
BATHS
1,730
SQFT
0.16
ACRES
$313,000
-$4,000

700 Dakota St SE is a one-story Albuquerque corner home with a functional layout and modern finishes throughout. The kitchen features a center island, creating a well-equipped space for cooking and entertaining. A fireplace anchors the main living area, adding warmth and ambiance to the central gathering space. A covered patio extends the living space outdoors, with an additional patio flowing to a fully fenced backyard that creates ample room for relaxation and entertaining. A two-car garage completes this well-maintained residence with practical amenities and comfortable living spaces throughout every room.. Included 100-Day Home Warranty with buyer activation

3
BEDS
2
BATHS
1,902
SQFT
0.19
ACRES
$420,000

4-unit multifamily investment located in a rapidly improving corridor of Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a strong cap rate, attractive cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding area has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use development nearby. These improvements support long-term appreciation while maintaining strong rental demand. Current tenants are stable, long-term residents, providing a solid foundation for consistent income.630 Alcazar St SE is also for sale and can be bought together.

3
BEDS
2
BATHS
2,451
SQFT
0.16
ACRES
$420,000

4-unit multifamily investment located in a rapidly improving corridor of Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a strong cap rate, attractive cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding area has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use development nearby. These improvements support long-term appreciation while maintaining strong rental demand. Current tenants are stable, long-term residents, providing a solid foundation for consistent income.632 Alcazar is also listed for sale and can be bought together.

5
BEDS
3
BATHS
2,451
SQFT
0.16
ACRES
$798,456

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.

8
BEDS
8
BATHS
2,688
SQFT
0.16
ACRES
$704,000

Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced 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 9.91% 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.The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability

3
BEDS
3
BATHS
2,716
SQFT
0.16
ACRES

Top-floor 1-bedroom, 1-bath condo in the gated Tres Caminos community offering 582 square feet and plenty of potential for the next owner. This second-story unit features a functional floor plan, abundant natural light, refrigerated central air, gas range, and a private balcony overlooking the community pool area. The property is ready for renovation and personalization, making it a great opportunity for an investor or buyer looking to create an affordable home of their own. Community amenities include an on-site laundry facility, common-area maintenance, exterior building maintenance, and front landscaping. Buyer to verify current HOA inclusions and community amenities. Conveniently located near shopping, dining, parks, Albuquerque International Sunport, Kirtland Air Force Base, the VA Hospital, and Sandia National Laboratories. Cash-only complex. Property is being sold As-Is.

1
BEDS
1
BATHS
575
SQFT

Exceptionally clean condo on second floor complete with Refrigerator, dishwasher, overlooking the pool and common areas. This unit is in a gated secured community ,complete with a refreshing pool & well manicured lawn. It is completely fenced and has postal boxes on the premises & close to Kirtland Air Force base, VA hospital and plenty of restaurants and a nearby Walmart. HOA covers Water, Sewer, Refuse, Pool, Laundry Facilities, Rec Room, Common Area maintenance, Roof, & Insurance for outside of buidlings.

1
BEDS
1
BATHS
680
SQFT
0.23
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

Explore nearby subdivisions in Albuquerque Area

Looking beyond Elder Homestead? These nearby subdivisions in the Albuquerque area have homes on the market now. Each one has its own character and price range, so comparing a few is the quickest way to find the right fit.

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