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Updated Triplex With Private Entrances
For Sale
$549,000

508 Walter St, Albuquerque, NM 87102

Three one-bedroom apartments provide separate access, off-street parking, and a fenced yard.

Property Size1,372 SF
Price / SF$400.15
Days on Market78

Property Features for 508 Walter St

General Information

Standard status Active
Size 1,372 SF
Property subtype Residential Income

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Amenities

private entrances
off-street parking
fenced yard

Building Details

Year Built 1901
Buildings 1
Listing Agency: EXP Realty LLC
Listed By: Gabriel J Alarid · License #50351
Source: Albuquerquehomefinders
Added: Jun 13 Changed: Aug 28 Last Checked: Aug 29 at 10:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

Investment Insights

Based on property information with market context.

This triplex at 508 Walter St includes three one-bedroom, one-bath apartments, each arranged with its own entrance. The property was built in 1901 and has received modern updates. Off-street parking and a fenced yard add practical exterior features for residents.

The property is positioned near Downtown, UNM, and Nob Hill in Albuquerque. Its documented operating history includes use as an Airbnb, while the unit configuration also supports consideration of short- or long-term rental arrangements.

Key Highlights

  • Three 1‑bedroom, 1‑bath apartments in one triplex
  • Private entrance for each apartment
  • Modern updates throughout the property

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Locksmith Catering Service (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

4,128
Businesses Nearby

Demographics for 87102, NM

20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three one-bedroom apartments provide separate access, off-street parking, and a fenced yard.
Where is this triplex located?
The property is located at 508 Walter St Albuquerque, NM.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath apartments in one triplex; Private entrance for each apartment; Modern updates throughout the property
More about this property
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