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    508 Walter St SE Albuquerque, NM 87102

    For Sale
    $610,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    1,372 SF
    Lot size:
    0.12 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 7 at 1:06 pm

    Property Features for 508 Walter St SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1
    Bedrooms
    1
    Bathrooms
    1
    APN
    1-014-057-471-215-4-34-13
    Patio and Porch features
    Patio
    Interior features
    CeilingFans
    Exterior features
    Lighting, Patio
    Appliances
    Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, Washer
    Size
    1,372 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Ductless (Heating), Electric (Heating)
    Cooling system
    Ceiling Fan(s), Multi Units

    Building Details

    Year built
    1901
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Carpet

    Keller Williams Realty - Albuquerque (505) 271-8200 [email protected]

    Listing agent Gabriel J Alarid (505) 470-9534 License #50351

    Listing date Nov 5, 2025

    MLS# 1093988 Listing URL

    Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Tri-Plex in Huning Highland

    This is a beautifully maintained 3-unit property located in Albuquerque, New Mexico, offering three spacious one-bedroom, one-bathroom apartments. Each apartment features private entrances and modern updates. The property is suitable for either an owner-occupant or an investor. Previously, it operated as a successful Airbnb, demonstrating strong income potential for both short-term and long-term rentals. The property is situated in a prime location near Downtown, the University of New Mexico (UNM), and Nob Hill. It includes off-street parking and a fenced yard. The lot size is 0.12 acres, and the property size is 1372 square feet. The property is located in Bernalillo County, with a postal code of 87102. This triplex is located in one of Albuquerque's most desirable historic districts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.641523
    Latitude
    35.078811

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with income potential near Downtown, UNM, Nob Hill.
    Where is this triplex located?
    The property is located at 508 Walter St SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $610,000.
    What are key features of this property?
    This property features: - Turnkey Tri-Plex in desirable Huning Highland historic district.; - Three spacious 1 BR / 1 BA apartments with private entrances and modern updates.; - Strong income potential from short- or long-term rentals (previously successful Airbnb).
    (505) 470-9534
    Request Owner's contact information
    508 Walter St SE Albuquerque, NM 87102
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    Albuquerque, NM 87102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Walter St SE Albuquerque, NM 87102
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