Indian Acres homes for sale in Albuquerque, NM

3505 Lafayette Drive NE, Albuquerque

At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)

3601 Wellesley Drive NE, Albuquerque

Located at 3601, 3605 & 3609 Wellesley NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one-bedroom units and six two-bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price of $2,445,000 and of based on the current average rents of $1,113 per month, the property's measures of investment performance include an 8.72 GRM, 7.39% cap rate before reserves, before tax IRR of 15.8% and an after-tax IRR of 12.97. If rents were raised to market average of $1,291, and even with a potential 3fold increase in property taxes, the measure of investment improve to a cap rate of 7.

3609 Wellesley Drive NE, Albuquerque

Located at 3609 Wellesley NE, this fourplex has large, town house style, two bedroom, one bathroom units with in unit laundry.At the ask price $550,000 and of based on the current average rents of $1,324 per month, the property's measures of investment performance include a 10,10 GRM, 5.73% cap rate before reserves, before tax IRR of 20.0% and an after-tax IRR of 16.2%. If rents were raised to market average of $1,466, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 5.93% cap rate.

3713 Palo Duro Avenue NE, Albuquerque

Charming home in uptown that has been recently re-painted (2026) and had many updates in 2022.

3114 Morningside Drive NE, Albuquerque

Welcome home! From the moment you step inside, this charming 5-bedroom, 2-bathroom home feels warm, bright, and inviting. Located in Uptown Albuquerque, it offers plenty of room to gather, relax, and create lasting memories.You'll love the spacious living and dining areas, kitchen with a cozy breakfast nook, oversized pantry, and large laundry room. The game room is an added bonus--perfect for movie nights, entertaining friends, or spending quality time with family. With five spacious bedrooms, there's plenty of flexibility for guests, a home office, or hobbies.Step outside and discover a backyard made for enjoying New Mexico living, complete with a generous patio that's perfect for cookouts, gatherings, quiet evenings, and beautiful sunset views.The seller is offering a $2,500 buyer credit toward allowable closing costs, a rate buy-down, or repairs with an acceptable offer. Come take a look, stay awhile, and imagine making this wonderful home your own. Truly a Great Place to Call Home! PROPERTY IS BEING SOLD AS IS

4032 Comanche Road NE, Albuquerque

Located just minutes from both I-25 and I-40, this versatile property with main home plus ADU offers exceptional convenience and flexibility. Centrally located near downtown Albuquerque and UNM, it's ideal for owner-occupants, students, house-hackers, investors, or professionals.The main home features 3 bedrooms, 2 bathrooms, and a 1-car garage, while the 1-bed, 1-bath ADU with separate entrance provides private living space perfect for rental income, multigenerational living, or a home office. Recent updates include a new roof in Dec 2025 and interior improvements, making this a move-in-ready opportunity with built-in income potential in a prime Northeast location.

2827 Bel Air Drive NE, Albuquerque

Discover unbeatable value in this beautifully updated 2-bedroom, 1-bath home with a huge, fully fenced backyard and backyard access -- perfect for entertaining, pets, or future expansion.This turn-key property shines with a brand-new kitchen featuring modern cabinets, granite countertops, stainless appliances, and stylish finishes. The bathroom has been completely renovated, and the home includes new flooring, fresh paint, updated fixtures, new windows, New Stucco and refrigerated A/C for year-round comfort.Bonus room in the back can be a 3rd bedroom or office.Enjoy a central NE Heights location close to Uptown shopping, dining, and easy access to both I-40 and I-25 -- making commutes and errands effortless.Ready for new owners -- nothing left to do but move in!

2917 Sierra Drive NE, Albuquerque

This home is located the NE Heights. 3 B/R, 2 BA, 1 Carport, Separate entries and 2 backyards with backyard access Perfect for roommates, in-law quarters, etc. 2 living areas, one w/Brick F/P. 2 laundry areas. Kitchenette. Recent (2022) wall furnace, hot water heater., carpeting in bedroom. Hardwood and ceramic flooring, Ceiling Fans, skylights, jet tub. Close to UNM, Uptown, Freeways, shopping, schools. Lots of possibilities for this great home! Home needs some TLC.

2909 Graceland Drive NE, Albuquerque

Seller offering 5k credit/int rate buydown! Gem of Uptown! Owned since '54, maintained & updated. See the features list! Comfy 3/2 w/ REFRIG AIR, no carpet, 2 living spaces, flex rooms. BY alley access for RV, parking/hobbies. Driveway widened, carport is spacious w/ side door access. Note the stunning weeping spruce in the private front porch it's a treasure! Walk in to beautiful flooring & front living space. 2 spare bedrms & full bath to the left. Thru living is the updated, gorgeous kitchen w/ granite counters, matching appliances, custom cabs, pantry, eat in spot. Off kitchen is the primary w/ 3/4 bath, walk in closets, open to laundry/flex rm. Thru kitchen to the bonus sunroom, space for a large dining table, furniture. Bonus coat closet, storage, pantry. BY has shed, workshop w/ power, block walls, kennel/ coop, turf, BBQ.

2829 Sierra Drive NE, Albuquerque

Welcome to this classic two-bedroom, one-bath Uptown bungalow in the centrally located Bel Air neighborhood, offering timeless character, thoughtful updates and an impressive 600-SqFt detached garage. Filled with natural light, this inviting home features original hardwood floors, an updated kitchen and bathroom, recessed lighting, and beautiful mountain views from the great room and foyer. Although just 992 SqFt, the home lives larger thanks to a versatile bonus room off the kitchen that is currently used as an office but could also serve as a hobby room, small dining area or flex space. Two separate closet/pantry areas provide additional storage. There is a fully fenced front yard shaded by a mature tree and a private backyard featuring a lattice-covered patio. Car enthusiasts, hobbyists, or anyone needing extra storage will appreciate the oversized detached two-car garage with dual access. The front bay is approximately 23 feet deep, easily accommodating a SuperCab pickup while still leaving room for a workshop area. The second bay, approximately 14 feet deep, is accessed from the rear alley through a newly installed, heavy-duty metal gate. Situated on a generous 0.16-acre lot, the property offers space for a potential Accessory Dwelling Unit (ADU), subject to City approval. The rear alley access provides added flexibility for future development. Buyers should conduct their own due diligence regarding ADU requirements by contacting the City of Albuquerque Planning Department or visiting their website. Conveniently located just minutes from ABQ Uptown, Coronado Center, neighborhood parks, restaurants, shopping, and I-40/I-25 via the Big I, this home combines classic charm with everyday convenience.