R homes for sale in Albuquerque, NM

R is a subdivision of Albuquerque, New Mexico, in Bernalillo County (87108). The subdivision is served by La Mesa Elementary, Hayes Middle, and Highland High schools. 1 home is currently for sale.

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1 Property
R
Land Residential Residential Income
$330,000
-$5,000

Your new home offers 4 bedrooms and 2 baths with lots of square footage, an open floorplan, and a wooden deck upstairs--deck faces east with great mountain views. Original wood floors on bottom floor. The home has been remodeled featuring a new HVAC system, new appliances, plumbing, gas and electrical upgrades. Check out the new bathroom shower and tub, the new fixtures and sinks! New roof in 2019 and sewer pipe from house to street 2025; a large shed in the back yard. Nice, quiet neighborhood in the fairgrounds area make this home a must see.

4
BEDS
2
BATHS
1,987
SQFT
0.15
ACRES

Explore nearby properties (within 1 mile):

Opportunity to Own a Fully Rented 4-Plex! This income-producing property brings in $3,616 in monthly rents across four units. Three of the four units have been updated, and all units are in good condition, offering solid long-term rental appeal. The roof is newer, and property is well maintained. Brand new water line 2025! A great investment for steady cash flow and future upside!

4
BEDS
4
BATHS
0.19
ACRES
$325,000

4-unit multifamily investment located in a rapidly improving corridor of Northeast Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a high cap rate, strong cash-on-cash returns, and durable demand from long-term workforce tenants.The surrounding neighborhood has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use construction nearby. These improvements support long-term appreciation while maintaining strong rental demand.The asset is a C-class, workforce housing property, which historically performs well through market cycles due to affordability, necessity-driven demand, and tenant longevity. Current tenants are stable, long-term residents.

5
BEDS
4
BATHS
2,760
SQFT
0.16
ACRES

Welcome home to 428 Rhode Island St. NE, a thoughtfully remodeled triplex in the heart of Albuquerque. These spacious 2-bedroom, 1-bathroom apartments deliver the ideal balance of modern style and everyday functionality. Enjoy sleek tile flooring throughout the main living areas, plush carpeted bedrooms for ultimate comfort, and sturdy security screens on all doors and windows for total peace of mind. Complete with dedicated on-site parking, this property makes effortless living standard.

6
BEDS
3
BATHS
2,250
SQFT
0.14
ACRES
$400,000

8
BEDS
4
BATHS
3,376
SQFT
0.16
ACRES
$255,000

Major fixer-upper opportunity. The property is in poor condition and cited as substandard with the city not safe to enter. The property will require extensive repairs and updates throughout, including but not limited to roof, plumbing, flooring, paint, and water damage remediation. Not move-in ready. Property is being sold as-is, with no repairs by seller.

2
BEDS
1
BATHS
2,375
SQFT
0.16
ACRES
$289,000

$10K PRICE REDUCTION!!Large 6-Bedroom Home - Priced for Buyers Comfortable With Cosmetic UpdatesThis 2,278 sq ft home offers an unusually large footprint for the area with six bedrooms and two separate living areas, making it ideal for extended households or buyers needing significant space. Several major improvements are already complete, including a new TPO roof (2024), large-format porcelain tile flooring, updated rear windows, and Mitsubishi mini-split systems in the primary bedroom and rear den. The home is priced to reflect remaining cosmetic updates and finishing work. Buyers looking for a fully turnkey property should expect to renovate, but those willing to complete the updates will gain substantial square footage at a price point that is difficult to find in Albuquerque.

6
BEDS
2
BATHS
2,278
SQFT
0.16
ACRES
$299,900

INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Potential to live in one and rent the others! Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

6
BEDS
3
BATHS
2,304
SQFT
0.16
ACRES
$299,900

INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

6
BEDS
3
BATHS
2,304
SQFT
0.16
ACRES

Spacious Investment Opportunity! This versatile 3-bedroom, 2-bathroom home features two distinct living areas and a large, functional kitchen. Currently generating $1,800/month on a flexible month-to-month agreement, this property also offers the highly sought-after benefit of backyard access. A perfect addition to any portfolio.

3
BEDS
2
BATHS
1,230
SQFT
0.16
ACRES

Welcome home to this charming 4-bedroom, 2-bath property filled with warmth, character & pride of ownership! Beautiful wood floors & exposed wood ceiling beams add timeless charm. The formal dining room features a Kiva-style wood-burning fireplace, creating a warm & inviting atmosphere perfect for entertaining. The spacious family room offers higher ceilings, abundant natural light & beautiful stone flooring. Situated on a large lot with ample parking including space for RV parking w/30amp plug for RV. A detached 1-car garage, multiple storage sheds & a spacious backyard. TPO roof Centrally located with easy freeway access & minutes from shopping, dining & everyday conveniences. This home is ready for its next owner!

4
BEDS
2
BATHS
1,861
SQFT
0.31
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

Explore nearby subdivisions in Albuquerque Area

Looking beyond R? 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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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.