Real Estate & Homes for Sale in 87108

533 Valencia Drive SE, Albuquerque

This well-maintained, charming courtyard-style triplex offers a unique combination of residential character, walkability and investment upside. Mature landscaping, brick walkways and an inviting shared colonnade courtyard give the property a warm residential feel, while off-street parking and private patio space add convenience and privacy.Solatube tubular skylights bring abundant natural light into the residences, creating bright and welcoming interiors. The property also offers dedicated buried tool and storage areas, providing additional secure storage for owner use.The owner has made a number of recent improvements, including a new roof in 2022, new driveways and sidewalks in 2024, and interior renovations.Apartment 533 #6 has been fully renovated and includes a dedicated laundry room with a built-in clothing rack. Additional units offer varying laundry amenities, including washer and washer/dryer hookups.From an investment perspective, there is meaningful room for continued income growth. Current rents average approximately $825, compared with projected market rents of approximately $975, providing an opportunity to increase revenue as rents move toward market.With a start price of $331,592, the property currently offers an 11.16 GRM and 6.11% cap rate, with additional upside as rents are brought closer to market.The owner also owns the adjoining property at 537 Valencia SE, creating an opportunity for a buyer interested in expanding their investment beyond this triplex.Residents are within walking distance of parks, restaurants and retail while enjoying the character and privacy of an established neighborhood.This is the type of property that feels more like housing than apartments--a quality many residents value and one that helps distinguish it from more traditional multifamily properties.Don't miss this opportunity to acquire a distinctive Albuquerque triplex with existing income, recent capital improvements and a clear path for future rent growth.

217 General Stilwell Street NE, Albuquerque

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.

1000 Washington Street SE, Albuquerque

This Stunning Solidly-Built Block Pueblo Style home, constructed in 1951, is nestled in the desirable Ridgecrest addition, with close proximity to UNM, Sandia Labs,Kirtland Air Force Base & Nob Hill. The home boasts a gorgeous zen-like courtyard surrounded by a privacy wall, adorned with hand painted dragons, apple tree, black current bush and a lovely pergola providing patio shade and comfort. Step inside and you will find a 1314 SF living space with coved ceilings, a wood burning fireplace, ceiling fans and hard wood floors. The Main living area, living-room, dining-room and kitchen, flow into an open design. The kitchen has upgraded wooden cabinets, granite counter tops and top shelf appliances, the electric outlets are mounted under the cabinets for a clean look ; the refrigerator, dish washer, electric stove, washer and dryer all convey. The two bathrooms have ceramic tile floors, granite counter tops and quality cabinets. The home has three lovely bedrooms; the primary bedroom has a walk-in closet and 3/4 bath. Solar light tubes usher in natural sunlight and together with recessed lighting the home is bright and cheery. The house has gorgeous wood Pella windows that include built in blinds. You'll save on utility bills as the home's block construction keeps it cooler in the summer and warmer in the winter. Lots of storage space makes it easy to organize and access your belongings. The home has a large attached 2 car garage for crafts, games, a gym, extra storage, or to keep you cars out of the elements. This bright, lovely, fully upgraded home can be yours, schedule a showing today.

1104 Palomas Drive SE, Albuquerque

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this opportunity to purchase this 10-plex with two bedroom, one bathroom units. The property includes two fourplexes and one duplex.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.This 10-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Face-book, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

336 Rhode Island Street NE, Albuquerque

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.

1131 Louisiana Boulevard SE, Albuquerque

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.

416 Vermont Street NE, Albuquerque

Come see this fully gated, competitively priced home offering incredible value and versatility. Featuring a detached casita, this property provides the perfect opportunity to generate rental income to help offset your mortgage or create a cash-flowing investment. The solar will be paid off at close and helps keep utility costs low. Out back, you'll find an additional storage/workshop building offering even more potential. Whether you're an investor or a homebuyer looking for extra space and income potential, this property has features that are hard to find. Don't miss this opportunity. it won't last long!Property is zoned R-ML with potentiial to convert the storage to another unit.

8101 Kathryn Avenue SE, Albuquerque

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!

412 Grove Street NE, Albuquerque

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.

3815 Anderson Avenue SE, Albuquerque

Welcome to this charming home full of original character and warmth. Beautiful hardwood floors run throughout the home, with great natural light and a wood-burning fireplace surrounded by Spanish Revival tile that adds a unique touch. The converted garage offers a flexible four-bedroom layout, it has separate entrance with a half bath nearby that could work well as part of a primary suite area, guest space, or home office. Updates include Paint (2026), Water Heater (2024), Security Door (2024), Refrigerator (2024), TPO Roof (2021), Washer and Dryer (2021), Stove/oven (2020), Vapor barrier in crawl space, PVC sewer line with clean outs and more. See the complete list for details.

515 Graceland Drive SE, Albuquerque

This charming 2 bedroom, 1 bathroom home offers approximately 900 square feet of comfortable living space in a convenient central location near Nob Hill, UNM, shopping, dining, and everyday amenities. Major improvements include a fully upgraded electrical panel completed in 2025 and a new water heater installed in 2026. The dryer was also purchased in 2025. The property features a one car garage and a spacious backyard with plenty of possibilities. Currently tenant occupied on a month to month lease. All appliances convey in their current condition with no expressed or implied warranties. Schedule your showing today!

705 Palomas Drive SE, Albuquerque

Welcome home to this gem in the heart of Albuquerque! A perfect mix of classic and modern touches, this home has tons of upgrades including;newer paint, flooring, countertops, cabinets, appliances, and ceiling fans 24/25. Newer roof 2020, newer windows and sewer line 2021, newer garage door and motor 2025. While beautiful hardwood floors, texture, and original built in spaces keep it classic. Backyard offers tons of space, shade with established trees, perfect for gardens or bbqs, or making your own serene outdoors space. All under $250k!! Book your showing today, because this won't last long!

425 Grove Street SE, Albuquerque

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.

932 Florida Street SE, Albuquerque

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.

301 Graceland Drive SE, Albuquerque

Huge Price Improvement!!! Mid-century Nob Hill investment opportunity offering immediate income and long-term upside. This five-unit property consists of four two bedroom units and one one-bedroom unit, all fully renovated with modern kitchens, updated bathrooms, new plumbing, flooring, and washer/dryer hookups no deferred maintenance required. Three units are currently leased and generating cash flow, providing in-place income. Located in a prime Nob Hill neighborhood with strong rental demand, the property presents an attractive opportunity for investors seeking stable returns, rent growth potential, and long-term appreciation.

808 Ortiz Drive SE, Albuquerque

Metrics of investment performance at the ask price of $1,424,506 include a price per sf of $129, a price per unit of $118,709, and with current rents at $1,134 per month, it generates a GRM of 8.73, a cap rate after reserves of 6.86% and an after tax IRR of 15.10%.804 & 808 Ortiz SE both feature two-story town home style apartments, which are separately metered for gas and electric and come with bonus, updated detached storage closets. All apartments offer pragmatic floor plans that are significantly larger than other 2 bedrooms in the submarket. Downstairs, residents enjoy spacious, multi-functional living areas, galley kitchens with all appliances (including dishwashers), separate utility rooms with full size washer / dryers, and private backyards & patio spaces. Upstairs, residents enjoy two bright private bedrooms, a full bath, and additional quality storage and built-in storage options. Secured access courtyard provides lots of additional, secured landscaped outdoor space for residents to enjoy. Many of the apartments have been completely renovated as well - with new appliances, new luxury vinyl plank & tile flooring, with new fixtures and finishes throughout. Meanwhile, 812 Ortiz offers an amazing and unique opportunity to own a true mission style hacienda-style compound. Tremendous value add opportunities abound with two 3 bed / 1.5 bath, 2-story floor plans and two 2 bed / 1 bath 2 story floor plans all spilling over into a gorgeous plaza style, shady courtyard oasis surrounded by balconies and patio spaces. This property also features secured, gated entry with lots of common and private outdoor spaces alike for year-round outdoor living opportunities. Apartments are also separately metered for gas and electric and offer separate utility rooms for full size washer/ dryers & and storage, with lots of unique custom features and updates throughout. This fourplex has also undergone significant interior and exterior upgrades. Some apartments have been fully updated and some have been partially updated and have much longer-term residents.Located on a vastly improved block with quick and easy access to parks, shopping, Nob Hill, I-40, Kirtland Air Force Base, and the new Albuquerque Community Services HeadquartersThis unique 12-unit compound is the rare offering of flexible, multi-generational living opportunities, a solid income generating community with further value add potential, and quality secure, townhome style housing in an improving neighborhood.

1908 Ridgecrest Drive SE, Albuquerque

Price Improvement! Diamond in the rough! Great home in wonderful Ridgecrest area. Unique 2 Bedroom Brick Home. Large living room with wood burning fireplace and 2 closets add additional storage. Living room area could accommodate a Rear Dinning area. Just a few steps further past the sliding glass door you'll be in the sunroom or maybe your office. Another glass door from the Sunroom will take you to a big patio Huge eat in Kitchen has lots of cabinets and walk in pantry. New Fridge, dishwasher, separate built in Oven and stove top. New Barn doors allow for ez entry to Full Bathroom, Master Closet and Pantry. Openings can accommodate a wheel chair. Bedrooms have hardwood floors, plenty of closet space and windows to let our NM sunshine in. The full bath has shower and separate bath tub. The Half bath by the Kitchen works great for dinner guest. Laundry area is located in the Garage. This Home has lots a great qualities and has good bones. Just needs some TLC. Come take a look at this one before it's gone.

211 Texas Street NE, Albuquerque

Excellent investment opportunity! This well-maintained 4-plex offers a desirable unit mix with two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing broad rental appeal. Major updates include a TPO roof with transferable warranty, newer fencing, and refreshed stucco surfaces for added curb appeal and peace of mind. Inside, all units feature easy-care flooring with no carpet and all-electric systems for simplified maintenance and repairs. Each unit includes a stove and refrigerator, with select units offering washer hookups for added tenant convenience. A fantastic opportunity to expand your portfolio with a property designed for long-term value and low-maintenance ownership.

630 Sierra Drive SE, Albuquerque

Welcome to this beautifully maintained 3-bedroom, 2.5-bath home situated on a spacious 0.27-acre lot. From the moment you arrive, you'll appreciate the inviting curb appeal and thoughtful layout designed for comfortable everyday living.Step inside to discover a bright and welcoming interior filled with abundant natural light from multiple skylights throughout the home. The easy-flowing floor plan offers three spacious living areas, providing plenty of room for relaxing, entertaining, or creating a home office, game room, or flex space.The beautifully appointed kitchen is the heart of the home and features stunning quartzite countertops, a gas cooktop, built-in oven, built-in microwave, and the convenience of two dishwashers--perfect for those who love to cook and entertain. The spacious primary suite includes its own private 3/4 bath, while the home also offers a full guest bath and a convenient half bath for visitors.Step outside to your own backyard oasis. Enjoy the low-maintenance artificial turf, a large covered patio ideal for outdoor dining and gatherings, and plenty of space to relax or entertain. With its generous lot size, functional floor plan, and warm, inviting feel, this home truly offers something for everyone.Truly a great place to call home!

320 Adams Street SE, Albuquerque

Rare Live-Work Retail OpportunityHome is 1250heated SF and Ware house retail area is 1600sf A unique opportunity in the heart of Albuquerque's vibrant Nob Hill district. This versatile live-work property combines character, functionality, and visibility in one of the city's most desirable neighborhoods. Ideal for retail, office, studio, gallery, professional services, or a mixed-use owner-user concept.The flexible floor plan offers abundant natural light, open workspace areas, private offices, storage, and support space, allowing a variety of business and creative uses. With strong surrounding demographics, excellent street presence, and convenient access to Downtown, UNM, Nob Hill shopping, dining, and entertainment, this property is positioned to serve both owner-occupants and investors alike.Currently this is a 2 bedroom Home of about 1250sf Upstairs and 1250 sf of retail heated and cooled below with an additional 450sf 2 car garage.

700 Dakota Street SE, Albuquerque

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

400 Sierra Drive SE, Albuquerque

Up to 1% credit towards closing costs with preferred lender! Welcome to this beautifully renovated 3-bedroom, 2-bath home offering 1,727 sq. ft. of character and modern updates in a convenient SE Albuquerque location. Original hardwood floors, stunning wood beamed ceilings, and a cozy fireplace create a warm, inviting atmosphere. The open kitchen features a breakfast bar, making it perfect for entertaining or everyday living. Ceiling fans throughout provide added comfort, while the updated bathroom showcases a beautifully tiled shower with a sleek sliding glass door. A versatile bonus room offers endless possibilities for a home office, playroom, or second living area. Step outside to enjoy the spacious backyard with mature trees and a covered patio--ideal for relaxing or hosting gatherings. Complete with a 1-car garage, this move-in ready home blends timeless charm with thoughtful renovations.

631 & 633 Mesilla Street SE, Albuquerque

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

236 San Pablo Street NE, Albuquerque

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.

8201 Trumbull Avenue SE APT C, Albuquerque

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.

4013 Thaxton Avenue SE, Albuquerque

Offered at $525,000, this well-maintained triplex features two spacious 2bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each residence includes a large kitchen and an in-unit washer and dryer, while the 1-bedroom unit also offers a dishwasher and cozy fireplace. This is an attractive investment opportunity with practical layouts and desirable amenities for tenants.

616 & 618 Mesilla Street SE, Albuquerque

Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 8.74% caprate, 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.

609 Mesilla Street SE, Albuquerque

Exceptional opportunity to acquire a 13-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 8.35% 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

1033 Louisiana Boulevard SE, Albuquerque

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.

308 Charleston Street NE, Albuquerque

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!