Albuquerque Homes under $500,000

Welcome to Albuquerque, New Mexico—where rich cultural heritage meets stunning natural beauty! Nestled between the Sandia Mountains and the Rio Grande, this vibrant city is known for its breathtaking sunsets, historic adobe architecture, and a thriving arts scene. Albuquerque offers a unique blend of Southwestern charm and modern amenities, making it an ideal place to call home.

For those seeking affordable housing options, Albuquerque is a treasure trove of homes under $500,000. The market is diverse, featuring everything from quaint bungalows and spacious family homes to contemporary townhouses and charming adobe-style residences. This affordability allows first-time homebuyers, families, and retirees alike to find their dream home without breaking the bank.

Living in Albuquerque means enjoying a laid-back lifestyle, with access to year-round outdoor activities. Whether you’re hiking in the Sandia Mountains, exploring the historic Old Town, or savoring delicious New Mexican cuisine, there’s always something to do. The city also hosts numerous cultural events, including the internationally acclaimed Albuquerque International Balloon Fiesta, where you can witness hundreds of colorful balloons painting the sky.

With a strong sense of community and a low cost of living compared to other major cities, Albuquerque is not just a place to live; it’s a place to thrive. If you’re ready to explore homes under $500,000 in this enchanting city, you’ll find a welcoming atmosphere and endless possibilities waiting for you. Come experience the magic of Albuquerque—your new home awaits!

Newest Albuquerque Homes under $500,000

1817 Corte Eduardo Street SW, Albuquerque

$270,000

3 Beds ⋅ 2 Baths

The Adobe Acres Sub subdivision provides the setting for 1817 Corte Eduardo St SW, Albuquerque NM 87105, a home built in 1961, renovated in 2026. Fresh exterior paint presents crisp curb appeal across the front, alongside a carport for covered parking. Inside, fresh interior paint complements a partial flooring replacement, while a fireplace serves as a welcoming focal point to warm cool evenings. The kitchen contains quartz countertops for cooking and food preparation, accompanied by a dedicated laundry room that handles washing needs. Outdoors in Albuquerque, a fenced yard features a patio for seating and open-air meals. Included 100-Day Home Warranty with buyer activation

1817 Corte Eduardo Street SW, 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

$284,900

2 Beds ⋅ 1 Baths

Welcome to your beautifully updated oasis at 914 Gatewood Avenue Southwest! This charming 2-bedroom, 1-bathroom home has been remodeled seamlessly blending modern conveniences with quaint, cozy appeal.Step inside to discover a bright, open interior featuring contemporary finishes, fresh paint, and thoughtful updates throughout. The heart of the home is designed for both comfort and functionality, making it completely turn-key and ready for you to move right in. Peace of mind comes naturally here, thanks to a durable, low-maintenance metal roof that adds both character and long-lasting protection.Situated on a generous 0.23-acre lot, the property offers an abundance of outdoor space. Whether you dream of creating an urban garden, setting up an entertainment area, or simply enjoying the room to breathe, this expansive yard provides endless possibilities. Don't miss your chance to own this renovated gem--schedule your tour today!

914 Gatewood Avenue SW, Albuquerque

$270,000

3 Beds ⋅ 2 Baths

SO MUCH POTENTIIAL! Investors dream!!. BRING ALL OFFERS! Great location in Southwest Albuquerque. Close to utilities, with neighborhood charm. This 3 beds 2 bath is perfect for bigger family. With some TLC and elbow grease this property can be transformed into you dream home. Desert Springs Park is a short walk from your front door. See it of yourself, we promise you will notice all this home has to offer!! (Photos 11,16 and 28 are virtually altered and staged)

7508 Purple Fringe Road SW, Albuquerque

$459,000

8 Beds ⋅ 4 Baths

**Calling all investors! ** This 4-plex is a great opportunity to add to your portfolio. The property is **fully rented** and features four - 635 square foot 2-bedroom 1 bath units. Large, beautiful tile throughout and updated tiled bathrooms plus newer TPO Roof. Convenient location with easy freeway access and shopping. A great opportunity for a first-time investor or an experienced investor looking to expand their portfolio. Please do not disturb tenants.

229 Hanosh Court SE Unit 4, Albuquerque

$285,000

3 Beds ⋅ 3 Baths

Welcome to this inviting 3-bedroom, 2.5-bathroom townhome offering 1,602 square feet of comfortable living space. Tucked away in a centrally located community, this home offers the perfect blend of privacy and convenience, with shopping, dining, and entertainment just minutes away. Inside, you'll find a functional layout with spacious living areas and a well-appointed kitchen featuring granite countertops and modern appliances. The washer and dryer convey with the home, adding convenience for the next owner.Comfort is also a priority, with a new MasterCool system installed earlier this year, providing efficient cooling during the warmer months. Step outside to enjoy a backyard designed for easy outdoor living and entertaining. Artificial turf creates a clean, low-maintenance setting, while the pergola provides the perfect spot for outdoor dining, relaxing, or gathering with family and friends.With its central location, thoughtful features, and inviting indoor and outdoor spaces, this townhome offers a wonderful opportunity to enjoy comfortable, convenient living.

1910 Moneda Drive NW, Albuquerque

$495,000

3 Beds ⋅ 3 Baths

WELCOME to the highly desired and sought-after Vista Del Norte Community! Prepare to be impressed by this exceptionally well cared for 2,200 sqft home. Showcasing a rare and highly coveted, fully finished, epoxy floor three car garage. This beautiful property is nestled right in the heart of the neighborhood, occupying one of its most prime and favorable locations. As you step inside, you'd be greeted by a light-filled open living area anchored by soaring cathedral ceilings. Refrigerated air to keep you perfectly comfortable during those hot dry summers. Stacked-stone gas log fireplace creates a warm and sophisticated ambiance. The chef ready kitchen is designed for easy gatherings featuring stainless steel appliances, pantry and a charming breakfast nook for casual dining. Designed with an ideal layout, the primary bedroom is located on the lower level for maximum convenience and features a spacious walk-in closet. Upstairs, a versatile loft overlooks the lower level living area, making a perfect secondary hangout or home office. Comfort extends throughout the home with ceiling fans in every room and coat of fresh interior paint tying it all together. The indoor-outdoor flow leads you to a spectacular, low maintenance backyard oasis. High walls provide privacy as you relax under the spacious covered patio which comes equipped with a gas stub out for your barbecue grill. Stained concrete walkway, bubble drip irrigation, soft to the touch high-end artificial turf and the soothing sounds of your own private water feature. This turnkey Vista Del Norte gem truly balances pristine maintenance, high end amenities and an unbeatable location. Schedule you own private showing today!

7372 Sidewinder Drive NE, Albuquerque

$499,900

4 Beds ⋅ 2 Baths

Welcome home! This beautiful DR Horton home feels truly like new, offering a fresh, modern feel without the wait of new construction. The spacious open floor plan is perfect for everyday living and entertaining, with a gourmet kitchen featuring gorgeous granite countertops and 8-foot doorways throughout. Enjoy modern conveniences an integrated alarm system, and a tankless water heater. Outside, the fully landscaped yard provides a beautiful, finished space with no hassle of starting from scratch. Located in the highly desirable Volcano Vista High School District, this move-in-ready home offers the perfect blend of modern features, comfort, and location. Come see it for yourself!

6215 Basil Place NW, Albuquerque

$495,000

3 Beds ⋅ 2 Baths

Location, comfort, and convenience come together in this beautifully maintained, move-in ready single-story home. Ideally situated in a quiet cul-de-sac neighborhood near the new Whole Foods and Altura Park, this home offers exceptional access to shopping, parks, dining, and everyday conveniences. Thoughtful features include thermal windows, four-zone radiant heat, refrigerated air, a welcoming fireplace, and a spacious primary suite with a relaxing jetted tub. Enjoy the covered porch and fully landscaped grounds, including artificial turf in the backyard for attractive, low-maintenance outdoor living. Additional highlights include a durable clay tile roof and a fully finished garage with an insulated door. Built in 2002 and priced below appraised value for quick sale, this well-cared-for home offers an appealing combination of location, comfort, and value.

4012 Gracia Court NE, Albuquerque

$339,990

4 Beds ⋅ 3 Baths

STUNNING Single Story Ladera Heights Home on Corner Lot Perched Just Under The Petroglyphs! Upgraded Luxury WOOD FRAMED Windows! New Furnace (2024)! Newer Roof, Penetrations Just Resealed! OWNED Solar! FRESH Two Tone Paint, New Waterproof Wood Laminate Flooring, PLUSH New Carpet, All New Baseboard, New Door Hinges/Hardware, Upgraded Decor Outlets/Switches! UPGRADED Kitchen w/ GRANITE Countertops, Tile Backsplash, New Sink Faucet, New STAINLESS STEEL Appliances! Upgraded Bathrooms w/ Matching Granite Counters! Master Suite W/ Large Walk In Shower and Walk in Closet! 2+ Living Areas or Huge 4th Bedroom + Additional Office/Study or Artist Studio! Attached 2 Car Garage, Floors Refinished! Fully Walled Backyard, Covered Pergola, Lots of Curb Appeal! Easy Access to Walking Trails, Schools, Shopping + More! SPOTLESS and MOVE In Ready! Priced Way BELOW Comps!

7701 Santa Lucia Street NW, Albuquerque

$425,000

4 Beds ⋅ 2 Baths

Not every home gives you room to grow--this one does. Beautifully remodeled this home pairs modern finishes with endless flexibility. A separate bonus space offers the freedom to create the lifestyle you want--a private casita, home gym, workshop, studio, or office. With a complete electrical upgrade, a brand-new HVAC system, some new windows, a 3-car garage, and a desirable corner lot. Every detail has already been taken care of--so you can focus on making it yours.

12701 Cloudview Avenue NE, Albuquerque

$389,900

3 Beds ⋅ 2 Baths

Welcome to this beautifully maintained Pulte-built home in The Boulders! Built in 2013, this 3-bedroom, 2-bath home sits on a desirable corner lot and features backyard access and refrigerated air. Inside, you'll find an open-concept layout with a spacious kitchen offering a convenient breakfast bar that flows seamlessly into the living area, along with a dedicated dining space. Tile flooring runs throughout the main living areas, with carpet in the bedrooms. The generously sized bedrooms provide comfortable living, while the spacious primary suite features a huge walk-in closet. The finished garage offers additional versatility with a gas connection for a garage heater. Step outside and enjoy a huge patio, low-maintenance turf, a beautiful water feature and plenty of space to relax and entertain. Conveniently located near a neighborhood park, grocery stores, gas stations, healthcare, restaurants and other everyday conveniences, this home offers comfort, functionality and easy living. Schedule your showing today!

9605 Basalt Peak Drive NW, 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.