Near South Valley Homes under $300,000

Welcome to the enchanting Near South Valley, a vibrant and welcoming community nestled in the heart of Albuquerque, New Mexico. This hidden gem in Bernalillo County is known for its rich cultural heritage, friendly atmosphere, and breathtaking desert landscapes, making it an ideal place for families, first-time homebuyers, and anyone looking to embrace the unique charm of New Mexico.

One of the most appealing aspects of the Near South Valley is the affordability of homes. With a variety of properties available for under $300,000, this region offers an excellent opportunity for those seeking value without sacrificing quality. From cozy single-family homes to inviting townhouses, there’s something for everyone here. Many of these homes feature traditional Southwestern architecture, complete with adobe-style exteriors and colorful tile accents, providing a true sense of place.

Living in the Near South Valley means enjoying easy access to Albuquerque’s vibrant arts scene, delicious local cuisine, and stunning outdoor activities. Residents can explore nearby parks, take leisurely strolls along the Rio Grande, or participate in community events that celebrate the region's rich traditions.

With a strong sense of community and a variety of affordable housing options, the Near South Valley is not just a place to live; it’s a place to thrive. Whether you’re a young professional, a growing family, or someone looking to retire in a picturesque setting, this charming neighborhood is ready to welcome you home. Discover the possibilities in Near South Valley today, and find your dream home under $300,000!

Newest Near South Valley Homes under $300,000

$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

$249,900

2 Beds ⋅ 2 Baths

Welcome to this bright and charming home featuring elegant arches, a beautiful layout, and inviting living spaces. Fresh interior paint and beautiful new flooring throughout create a clean, refreshed feel. The kitchen is ready for all your cooking adventures with brand-new granite countertops, a stylish tile backsplash, and new stainless-steel appliances. Step outside to a spacious yard with plenty of room for toys, entertaining, gardening, or simply enjoying the outdoors. Conveniently located near restaurants, shopping, and everyday amenities, this home offers the perfect blend of comfort, style, and convenience. Charming, beautifully updated, and ready for its next owner. Don't miss the opportunity to make it yours!

3129 Mares Road SW, Albuquerque

$265,000

3 Beds ⋅ 1 Baths

The kind of home that makes you want to stay awhile! A newer roof, upgraded electrical, new appliances, and beautifully remodeled kitchen and bathrooms make this home feel fresh and ready for its next chapter. The oversized primary bedroom gives you room to truly spread out, while the long driveway offers plenty of parking. Outside, two sheds provide bonus space for storage, hobbies, or projects. With thoughtful updates and plenty of personality, this home is ready to welcome you in!

2329 William Street SE, Albuquerque

$235,000

2 Beds ⋅ 1 Baths

2024 ROOF + 2021 REFRIGERATED A/C & FURNACE + WATER SOFTENER! Big possibilities await inside and out of this single-story home, offering two bedrooms, a full bath, and a separate bonus room perfect for a home office, hobbies, or an additional sitting area. Natural light fills the living room, while the bright, inviting kitchen features white cabinetry, beautiful countertops, and sleek flooring. Outside, enjoy a generous backyard with mature trees, an open patio, and a storage shed, with plenty of room to gather, garden, or create your own outdoor retreat. A gated front yard and covered porch add to the charm.

117 Clifton Avenue SE, Albuquerque

$230,000

2 Beds ⋅ 1 Baths

Updated 2-bedroom, 1-bathroom home on a 0.16-acre lot! Recent improvements include new flooring, fresh paint, and upgrades to the kitchen and bathroom. The property also offers exciting future potential with plumbing located along the east side of the lot and convenient alley access. The additional space may provide opportunities for future development.Located in a central Albuquerque area with convenient access to Downtown Albuquerque, the historic Rail Yards, UNM, and major healthcare facilities.The location is also convenient to major medical and educational centers, including UNM Hospital, Presbyterian Hospital, and Lovelace Medical Center in the surrounding area.A great opportunity for a homeowner or investor looking for an updated property with room to grow, convenient access to employment and amenities, and potential for future use of the additional lot space.Located in a central Albuquerque area with convenient access to Downtown Albuquerque, the historic Rail Yards, UNM, and major healthcare facilities.The location is also convenient to major medical and educational centers, including UNM Hospital, Presbyterian Hospital, and Lovelace Medical Center in the surrounding area.A great opportunity for a homeowner or investor looking for an updated property with room to grow, convenient access to employment and amenities, and potential for future use of the additional lot space.

2024 Walter Street SE, Albuquerque

$249,000

4 Beds ⋅ 2 Baths

Welcome to your new home in Albuquerque's South Valley! Sitting on nearly half an acre, this 4-bedroom, 2-bath property offers approximately 1,864 sqft and a tremendous opportunity for the buyer ready to bring their vision to life. The property also features a massive detached outbuilding/shop with power, providing substantial space for a workshop, storage, equipment, or a variety of other uses. With approximately 0.46 acres, there is plenty of room to work with and the kind of space. Conveniently located in the South Valley with access to the Rio Grande and Bosque recreation areas, this property combines location, land, and potential. Property is being sold AS-IS and will require repairs and updating. Whether you're an investor, contractor, or buyer looking for a property you can make your own, 2118 Castanada offers a unique canvas with serious upside. Don't hesitate to make this house your Home, today!

2118 Castanada Street SW, Albuquerque

1839 1/2 Broadway Boulevard SE, Albuquerque

$125,000

2 Beds ⋅ 2 Baths

Great opportunity for this fixer-upper situated on a spacious lot. Sold as-is.

1839 1/2 Broadway Boulevard SE, Albuquerque

$242,500

3 Beds ⋅ 2 Baths

Refreshed and ready for a new owner, this inviting 3-bedroom, 2-bath home offers comfortable living on a desirable corner lot with a convenient 2-car attached garage and gated backyard access. Recent updates include new shingles on the roof, fresh interior paint, new carpet and vinyl flooring, and a new stainless steel range, range hood, and refrigerator, all installed in August 2026. The permanent foundation has b een inspected and updated and is ready for a lender. Schedule your showing today!

2620 Lucero Road SW, Albuquerque

$295,000

3 Beds ⋅ 2 Baths

South Valley home situated on a spacious .23-acre lot. The main home features 2 bedrooms and 1 full bath, while the detached casita offers 1 bedroom, an office space, and 1 full bath -- ideal for guests, extended family, or additional living space. Recent updates include fresh interior paint, new carpet (August 2026), new stainless-steel range and refrigerator (August 2026), and new water heaters. The fully fenced property boasts mature shade trees, two outbuildings perfect for storage or a workshop, and a carport for the main home. New Sewer Line will be installed in October 2026.

2560 Mervosh Avenue SW, Albuquerque

$290,000

3 Beds ⋅ 2 Baths

NOT A MOBILE HOME. SPACIOUS LIVING WITH ENDLESS POSSIBILITIES! This stunning FRAME BUILT Southwest Albuquerque home features a large open floor plan combining the Great Room, dining area, and kitchen, perfect for gatherings. With 3 bedrooms and 2 baths, it suits a variety of lifestyles. The outdoor space is a blank canvas for your creativity. Situated in a quiet, welcoming neighborhood, this property offers a fenced yard, a generous driveway, and storage space with room for an RV or toys. Don't miss the chance to make this versatile home yours! Call today for a private tour!

2224 Bartolo Avenue SW, Albuquerque

$268,500

3 Beds ⋅ 2 Baths

Owner Financing Available! Move-in ready and full of potential! This 3-bedroom, 2-bath manufactured home in Southwest Albuquerque sits on a spacious lot with plenty of room for RV parking, gardening, pets, or future projects. Inside, you'll find a bright, open floor plan, comfortable living spaces, and a private primary suite. Enjoy the peace of having land while staying just minutes from shopping, dining, schools, and freeway access. A great opportunity to own a well-maintained home with space to grow!

2106 Perry Road SW, Albuquerque

$275,000

3 Beds ⋅ 2 Baths

Welcome home to this fully remodeled 3-bedroom, 2-bath property with a fresh, modern feel throughout. The open floor plan brings together the living room, kitchen, and dining area, creating a comfortable space for everyday living and entertaining. The home features updated finishes throughout, a spacious primary bedroom with its own private bathroom, and two additional bedrooms that can easily be used for family, guests, or a home office. With its updated interior, functional layout, and move-in-ready condition, this home is ready to enjoy from day one.

2818 John Street SE, 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.