Fairgrounds Homes under $300,000

Welcome to Fairgrounds, a vibrant neighborhood nestled in the heart of Albuquerque, New Mexico! This charming area is not only rich in culture and history but also offers an inviting community atmosphere that makes it an ideal place to call home.

Fairgrounds is conveniently located near some of Albuquerque's most popular attractions, including the New Mexico State Fairgrounds, which hosts a variety of events throughout the year. Residents enjoy easy access to local parks, shopping centers, and dining options, making it perfect for families and individuals alike. The neighborhood is known for its friendly residents and strong sense of community, providing an environment where neighbors become friends.

One of the most appealing aspects of Fairgrounds is the availability of affordable homes under $300,000. Whether you’re a first-time homebuyer, looking to downsize, or searching for an investment property, you’ll find a variety of options that cater to your needs. From cozy single-family homes to charming townhouses, the real estate market in Fairgrounds offers something for everyone. With the picturesque Sandia Mountains as a backdrop and stunning New Mexico sunsets, your dream home awaits.

In Fairgrounds, you can enjoy the perfect blend of urban convenience and suburban tranquility. With a diverse array of properties and a welcoming community, this neighborhood is a hidden gem in Albuquerque. Don't miss your chance to explore the possibilities that Fairgrounds has to offer – your ideal home is just around the corner!

Newest Fairgrounds Homes under $300,000

$242,000

2 Beds ⋅ 3 Baths

Great triplex with two long-term occupants! Vacant 1 bedroom perfect for an owner occupant or renter! Shaded courtyard entry with off-street parking. Closed storage at rear of property. Do not disturb tenants, walk through of units with accepted offers. Call listing agent with any questions. YTD operating expenses in documents. No wholesalers, no owner financing. Vacant unit is currently on the market for rent and is ready for immediate occupancy. T12 and YTD Income & Expense in MLS docs

304 Texas Street NE, Albuquerque

$299,000

6 Beds ⋅ 3 Baths

Get this well-maintained triplex for your investment portfolio. The triplex is in an opportunity zone and a qualified census tract which offer tax and grant opportunities. The TPO roof is only about 9 years old and the units have new windows as well. Each unit has it's own private back patio and there is additional large space on the west side of the complex for parking. The bathrooms and kitchens are refurbished, and there are ceramic tile floors. The tenants pay their own utilities except water and trash paid by the owner. Rents are low so there is an upside possibility. Do not disturb tenants. Offers are subject to buyer review of the units. All square footage is estimated.

511 Texas Street NE, Albuquerque

$255,000

2 Beds ⋅ 1 Baths

Major fixer-upper opportunity. The property is in poor condition and cited as substandard with the city not safe to enter. The property will require extensive repairs and updates throughout, including but not limited to roof, plumbing, flooring, paint, and water damage remediation. Not move-in ready. Property is being sold as-is, with no repairs by seller.

336 Rhode Island Street NE, Albuquerque

$199,000

2 Beds ⋅ 1 Baths

Come see this fully gated, competitively priced home offering incredible value and versatility. Featuring a detached casita, this property provides the perfect opportunity to generate rental income to help offset your mortgage or create a cash-flowing investment. The solar will be paid off at close and helps keep utility costs low. Out back, you'll find an additional storage/workshop building offering even more potential. Whether you're an investor or a homebuyer looking for extra space and income potential, this property has features that are hard to find. Don't miss this opportunity. it won't last long!Property is zoned R-ML with potentiial to convert the storage to another unit.

416 Vermont Street NE, Albuquerque

$300,000

4 Beds ⋅ 2 Baths

Your new home offers 4 bedrooms and 2 baths with lots of square footage, an open floorplan, and a wooden deck upstairs--deck faces east with great mountain views. Original wood floors on bottom floor. The home has been remodeled featuring a new HVAC system, new appliances, plumbing, gas and electrical upgrades. Check out the new bathroom shower and tub, the new fixtures and sinks! New roof in 2019 and sewer pipe from house to street 2025; a large shed in the back yard. Nice, quiet neighborhood in the fairgrounds area make this home a must see.

412 Grove Street NE, Albuquerque

$278,000

2 Beds ⋅ 2 Baths

506 Ortiz Drive NE, Albuquerque

$299,900

6 Beds ⋅ 3 Baths

INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Potential to live in one and rent the others! Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

325 Tennessee Street NE, Albuquerque

$225,000

2 Beds ⋅ 1 Baths

Come check out this beautifully updated 2-bedroom home perfectly priced and conveniently located close to everything!Recently renovated additional heated and cooled living space, thoughtfully converted from previously underutilized area, providing valuable additional square footage and flexibility for a variety of uses.Step inside to find fresh interior paint, refinished hardwood floors, and a fully updated bathroom. The kitchen has been thoughtfully upgraded with granite countertops, and modern lighting throughout.Additional highlights include a brand-new gas water heater, making this home truly move-in ready.Don't miss your chance this is the one!

423 Alcazar Street NE, Albuquerque

$299,900

6 Beds ⋅ 3 Baths

INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

325 Tennessee Street NE, Albuquerque

$239,000

3 Beds ⋅ 2 Baths

Spacious Investment Opportunity! This versatile 3-bedroom, 2-bathroom home features two distinct living areas and a large, functional kitchen. Currently generating $1,800/month on a flexible month-to-month agreement, this property also offers the highly sought-after benefit of backyard access. A perfect addition to any portfolio.

201 San Pablo Street NE, Albuquerque

$289,000

6 Beds ⋅ 2 Baths

$10K PRICE REDUCTION!!Large 6-Bedroom Home - Priced for Buyers Comfortable With Cosmetic UpdatesThis 2,278 sq ft home offers an unusually large footprint for the area with six bedrooms and two separate living areas, making it ideal for extended households or buyers needing significant space. Several major improvements are already complete, including a new TPO roof (2024), large-format porcelain tile flooring, updated rear windows, and Mitsubishi mini-split systems in the primary bedroom and rear den. The home is priced to reflect remaining cosmetic updates and finishing work. Buyers looking for a fully turnkey property should expect to renovate, but those willing to complete the updates will gain substantial square footage at a price point that is difficult to find in Albuquerque.

620 San Pablo Street NE, 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.