Terrace homes for sale in Albuquerque, NM

Terrace is a subdivision of Albuquerque, New Mexico, in Bernalillo County (87108). 1 home is currently for sale.

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Income property or owner-occupant opportunity at a fantastic price point! This duplex features two well-designed units, each offering 2 bedrooms, 1 full bathroom. Each unit also includes off-street parking for up to two vehicles. Conveniently located near shopping, restaurants, schools, parks, and major commuter routes. These units are designed for efficient, low-maintenance ownership, featuring durable tile flooring throughout and separately metered gas and electric utilities to help streamline operating expenses. Each unit also includes in-unit laundry hookups, a highly desirable amenity that enhances tenant convenience and strengthens rental appeal.

2
BEDS
1
BATHS
1,536
SQFT
0.16
ACRES

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Welcome home to this charming two-story, 2-bedroom, 1-bath condo offering comfort and low-maintenance living. Fresh paint throughout enhances the bright and inviting feel of the home. The thoughtful floor plan features accent walls and a spacious living area. The kitchen comes equipped with stainless steel appliances. Step outside to a fenced backyard perfect for relaxing, entertaining, or giving pets their own outdoor space. Conveniently located with easy access to shopping, dining, parks, Kirtland Air Force Base, UNM, and major commuter routes, this home offers both comfort and convenience.

2
BEDS
1
BATHS
912
SQFT
$269,000

Welcome to this beautifully remodeled home. New stucco, carpet, paint, flooring, full kitchen remodel, full bathroom remodels, landscaping, and more! Brand new appliances were also recently installed. This single story gem is located close to the Air Force base and centrally located. Schedule your tour today!

4
BEDS
2
BATHS
1,841
SQFT
0.14
ACRES
$235,000

**FHA Financing Available** Completely remodeled and move-in ready! 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!

3
BEDS
1
BATHS
864
SQFT
0.14
ACRES

Rare infill lot in at affordable price. Nice level property, ready for you dream home or an Investment . Owner financing available. Drive by and take a look. The adjacent land 408 Rhode Island is also for sale please check mls number 1084561

0.16
ACRES
$1,594,615

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.

3
BEDS
2
BATHS
16,020
SQFT
1
ACRES

Affordable 3-bedroom, 2-bath single-wide manufactured home located in a well-maintained mobile home park. This home offers a functional floor plan with a spacious living area, a primary suite, 2 full baths, and two additional bedrooms that provide flexibility for guests, a home office, or hobbies. Conveniently located near shopping, dining, and everyday amenities.Possible short-term owner financing available for qualified buyers, offering an excellent opportunity for those seeking alternative financing options. Contact the listing agent for details and financing terms. Buyer must be approved by the mobile home park. Lot rent applies.

3
BEDS
2
BATHS
1,008
SQFT

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.

2
BEDS
2
BATHS
0.16
ACRES

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.

2
BEDS
2
BATHS
1,242
SQFT
0.16
ACRES
$265,999

Great investment opportunity! This duplex offers the potential for rental income and long-term investment value. Each unit features 2 bedrooms and 1 bathroom, along with tile flooring throughout. A solid opportunity for an investor looking to add a duplex to their portfolio or an owner-occupant seeking additional rental income.

4
BEDS
2
BATHS
1,386
SQFT
0.16
ACRES

Excellent investment opportunity or ideal owner-occupant duplex! This well-maintained property features two 1-bedroom, 1-bath units, with one unit currently occupied and the other recently refreshed and move-in ready. The vacant unit offers new interior paint, 4-inch baseboards, a new bathroom vanity, new closet and bathroom doors, and rekeyable locks for easy tenant turnover. Additional updates include a newer roof, tile flooring, updated electrical and plumbing, new ranges, MasterCool air conditioners, wall heater, water heater, and a new 6-foot privacy fence. Ample off-street parking, a spacious backyard, and shared on-site laundry add to the appeal. A great opportunity to invest or live in one unit while generating rental income from the other!

2
BEDS
2
BATHS
1,242
SQFT
0.16
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

Explore nearby subdivisions in Albuquerque Area

Looking beyond Terrace? 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.