Albuquerque Homes under $400,000

Albuquerque Homes under $400,000

Welcome to Albuquerque, New Mexico, a vibrant city that beautifully marries rich cultural heritage with stunning natural landscapes. Nestled against the backdrop of the Sandia Mountains, Albuquerque is renowned for its breathtaking sunsets, diverse culinary scene, and a warm, welcoming community. This city is a treasure trove for both adventure seekers and those looking for a peaceful retreat, offering everything from hiking and hot air ballooning to bustling farmers' markets and art galleries.

For homebuyers seeking affordability without sacrificing quality of life, Albuquerque presents an impressive selection of homes under $400,000. This allows you to embrace the charm of Southwestern living while staying within budget. Whether you’re searching for a cozy adobe-style home, a modern townhouse, or a spacious family residence, Albuquerque’s real estate market has something to suit every taste and lifestyle.

Imagine waking up in a home where the sun spills through large windows, illuminating your open-concept living space, or unwinding in a backyard oasis with stunning mountain views. With a wide range of neighborhoods to choose from, such as the historic Old Town, the family-friendly Northeast Heights, or the trendy Nob Hill, you’ll find the perfect community that fits your needs.

Albuquerque’s affordability, combined with its rich culture and outdoor activities, makes it an ideal place to call home. Explore the dynamic neighborhoods, discover local artisans, and enjoy the unique blend of traditions that make Albuquerque a truly special place to live. Your dream home awaits!

Newest Albuquerque Homes under $400,000

508 Tennessee Street NE, Albuquerque
$315,000
8 Beds ⋅ 4 Baths
**SELLER FINANCING OPPORTUNITY AVAILABLE!** Property is being sold as-is, with no repairs to be made by seller **Excellent investment opportunity with this 4-unit multifamily property in Albuquerque! Each unit offers approximately **800 square feet with 2 bedrooms and 1 bathroom**, providing a total of **8 bedrooms and 4 bathrooms** across the property.Previously fully rented for the past several years, this property offers flexibility for the next owner. **Update and improve the units to maximize future rental potential, or prepare them for tenants with minimal turnaround.** The established multifamily configuration makes this a great opportunity for investors looking to add doors to their portfolio.This property is prime for renovation and ready for some TLC as it is being sold as-is condition. Whether you're looking to customize a home to fit your lifestyle, build equity through improvements, or take on your next investment project, there is plenty of potential here. An FHA/Conventional/VA 203(k) renovation loan may also be an option for qualified buyers, subject to lender, property, and program requirements. (Partner lender has program designed for this house as well as incentive to buyer!)With **seller financing available**, buyers may have additional flexibility when structuring their purchase. Whether you're looking for your next value-add project or a multifamily rental opportunity, 508 Tennessee St SE is ready for its next chapter!**Buyer to do own due diligence on sqft and condition as seller never lived at the property and rented it out through another company for length of ownership.

508 Tennessee Street NE, Albuquerque

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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.