Rice homes for sale in Albuquerque, NM

Rice is located in Albuquerque, New Mexico (87108). The subdivision is served by Emerson Elementary, Van Buren Middle, and Highland High schools.

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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

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

Excellent investment opportunity! This well-maintained 4-plex at 525 Kentucky St SE generates $2,300 /month in gross rental income. Unit mix includes four 1 bed/1 bath units. Features include off-street parking, private enclosed courtyards. A turnkey addition to any investment portfolio with strong cash flow.521 Kentucky St SE is also for sale and can be bought together.

4
BEDS
4
BATHS
2,581
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

Excellent investment opportunity! This well-maintained 4-plex at 521 Kentucky St SE generates $3,500 /month in gross rental income. Unit mix includes four 1 bed/1 bath units. Features include off-street parking, private enclosed courtyards. A turnkey addition to any investment portfolio with strong cash flow. 525 Kentucky St SE is also for sale and can be bought together.

2
BEDS
2
BATHS
2,581
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.632 Alcazar is also listed for sale and can be bought together.

5
BEDS
3
BATHS
2,451
SQFT
0.16
ACRES

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.

4
BEDS
2
BATHS
1,980
SQFT
0.14
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
$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
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

Explore nearby subdivisions in Albuquerque Area

Looking beyond Rice? 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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