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    Turnkey Tri-Plex with Private Entrances Title is generated by Realmo AI

    508 Walter Street SE, Albuquerque, NM 87102

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    For Sale
    $549,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    1,372 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $400/SF
    Added:
    May 7, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 27 at 3:06 pm

    Property Features for 508 Walter Street SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bedroom 1, Bathroom 1
    Patio and Porch features
    Patio
    Interior features
    CeilingFans
    Exterior features
    Lighting, Patio
    Appliances
    Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, Washer
    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
    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

    We can help!

    Contact an agent
    Gabriel J Alarid

    Listing agent Gabriel J Alarid License #50351

    Listing office EXP Realty LLC 100 Sun Avenue #650, Albuquerque, NM

    Listing date May 7, 2026

    MLS# 1106259 Listing URL

    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.

    HighLights

    • Tri‑plex built in 1901 with three 1‑bedroom, 1‑bath apartments
    • Each unit has private entrances
    • Proven history as a successful Airbnb for short- or long‑term rentals
    • Off‑street parking plus a fenced yard
    • Appliances in units include refrigerator, dishwasher, washer, dryer, and a free‑standing gas range
    • Outdoor features include a patio and exterior lighting

    Overview

    This turnkey tri-plex at 508 Walter Street SE offers three spacious 1-bedroom, 1-bath apartments, each with its own private entrance. The property is described as meticulously maintained, with modern updates throughout the units. The outdoor area includes a fenced yard, and the setup supports independent tenant use within a compact three-unit configuration.

    The building is located in the heart of Huning Highland in Albuquerque, near Downtown, UNM, and Nob Hill. Off-street parking is available, and the fenced yard provides an additional shared outdoor amenity while maintaining a degree of separation between tenants.

    For buyers seeking an owner-occupant option or a rental property, the unit mix and private entries can appeal to tenants who value separate access. The listing also notes the property’s prior success as a short-term rental (Airbnb). With a straightforward tri-plex structure and turnkey presentation, it may be well-suited for an operator looking to run short- or long-term rentals, or for an owner who wants on-site presence while collecting rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.641509
    Latitude
    35.078861

    FAQs

    What type of property is this?
    Triplex - Three 1-bedroom units with private entrances, off-street parking, and a fenced yard make this a strong rental-focused buy.
    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: Tri‑plex built in 1901 with three 1‑bedroom, 1‑bath apartments; Each unit has private entrances; Proven history as a successful Airbnb for short- or long‑term rentals
    More about this property
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