Downtown Area Homes with Community/Coop Water

Welcome to the vibrant Downtown Area of Albuquerque, New Mexico, where culture, history, and modern living converge in a delightful tapestry of urban life. Nestled in Bernalillo County, this dynamic neighborhood is a hub of activity, brimming with art galleries, eclectic shops, and mouthwatering restaurants that showcase the rich culinary heritage of the Southwest.

The Downtown Area is not just a place to live; it’s a lifestyle. Residents enjoy easy access to the scenic beauty of the Sandia Mountains, as well as the enchanting Rio Grande, which offers endless outdoor adventures. With its rich Native American and Hispanic influences, Downtown Albuquerque is a cultural melting pot, inviting you to explore its many festivals, markets, and community events throughout the year.

For those seeking a home in this vibrant locale, you'll find a variety of properties that offer the charm of community living. Many homes in the Downtown Area benefit from community or cooperative water systems, ensuring a sustainable and reliable water supply for residents. This not only fosters a sense of camaraderie among neighbors but also promotes eco-friendly practices that are essential in today’s world.

Imagine waking up in a cozy, sunlit home, just steps away from local coffee shops and art galleries, or enjoying a leisurely stroll through the historic streets filled with vibrant murals and lively street performances. The Downtown Area is more than just a place to reside; it’s an invitation to immerse yourself in a community that celebrates life, creativity, and connection. Discover your dream home in this enchanting part of Albuquerque today!

Newest Downtown Area Homes with Community/Coop Water

$1,390,000

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open

517 1st Street SW, Albuquerque

Start Your Search

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.