Triplex with Private
For Sale
$549,000
508 Walter Street SE, Albuquerque, NM 87102
ResidentialIncome, Albuquerque, NM
Property Size1,372 SF
Lot Size0.12 Acres
Price / SF$400.15
Days on Market144
Property Features for 508 Walter Street SE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
MX-T*
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Interior features
CeilingFans
Exterior features
Lighting, Patio
Appliances
Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, Washer
Subdivision
Highland Add
Directions
I-25 to west to lead, south on Walter to property on east side.
Standard status
Active
APN
101405747121543413
Size
1,372 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
6009
Utilities
Heating system
Electric (Heating), Ductless (Heating)
Cooling system
Ceiling Fan(s), Multi Units
Amenities
off-street parking
fenced yard
Building Details
Year built
1901
Floors in Building
1
Number of units
3
Flooring type
Carpet
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Gabriel J Alarid · License #50351
(505) 470-9534
Added: May 7
Changed: Sep 13
Last Checked: Sep 27 at 7:06AM
MLS# 1106259
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 1,372-square-foot triplex contains three one-bedroom, one-bath apartments, each arranged with its own private entrance. The property includes a fenced yard, patio, off-street parking, ceiling fans, ductless and electric heating, and multi-unit cooling. Appliances include refrigerators, dishwashers, free-standing gas ranges, washers, and dryers. Built in 1901, the building also features carpeted flooring and exterior lighting.
Located at 508 Walter Street SE in Albuquerque, the property is near Downtown, the University of New Mexico, and Nob Hill. It has been operated as an Airbnb and may support either short-term or long-term rental use, subject to applicable requirements.
Located at 508 Walter Street SE in Albuquerque, the property is near Downtown, the University of New Mexico, and Nob Hill. It has been operated as an Airbnb and may support either short-term or long-term rental use, subject to applicable requirements.
Key Highlights
- Three 1‑bedroom, 1‑bath apartments within a triplex
- 1,372 SF building on a 0.12‑acre lot
- Private entrances for each apartment
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,128
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom, one-bath units offer separate access, patio space, and off-street parking.
Where is this triplex located?
The property is located at 508 Walter Street SE 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 within a triplex; 1,372 SF building on a 0.12‑acre lot; Private entrances for each apartment
