3-Unit Triplex with Private
508 Walter Street SE, Albuquerque, NM 87102
For Sale
$524,000
Residential Income, Albuquerque, NM
Property Size1,372 SF
Lot Size0.12 Acres
Price / SF$381.92
Days on Market189
Property Features for 508 Walter Street SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
private entrances
off-street parking
fenced yard
Building Details
Year built
Number of units
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Gabriel J Alarid · License NM #50351
(505) 470-9534
Added: May 7
Changed: Nov 9
Last Checked: Nov 11 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This triplex contains three 1-bedroom, 1-bath apartments, each with its own entrance. The 1,372-square-foot property was built in 1901 and occupies a 0.12-acre lot. MX-T* zoning is listed for the site.
The property is at 508 Walter Street SE in Albuquerque, within the Huning Highland neighborhood. Off-street parking and a fenced yard are among its exterior features. The apartments have been updated, and the property has operated as a short-term rental.
The property is at 508 Walter Street SE in Albuquerque, within the Huning Highland neighborhood. Off-street parking and a fenced yard are among its exterior features. The apartments have been updated, and the property has operated as a short-term rental.
Key Highlights
- Three 1‑bedroom, 1‑bath apartments
- 1,372 square feet on a 0.12‑acre lot
- Private entrance for each apartment
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,128
Businesses Nearby
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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
$174,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Albuquerque, NM
Properties on Market for Triplexes in Albuquerque
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments provide separate access and support flexible rental configurations.
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 $524,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath apartments; 1,372 square feet on a 0.12‑acre lot; Private entrance for each apartment
