Owner financing offered. Investor special in central Albuquerque! This versatile property offers strong potential for pad-split or rental income with multiple living areas and easy access to UNM, downtown, and I-25. Solid structure ready for updates--ideal for cash buyers or value-add investors seeking high ROI. Large lot with off-street parking and room for outdoor amenities. Great opportunity to create affordable housing or a profitable shared-living setup. Priced to move--don't miss this one!
Santa Barbara-Martineztown, located between Downtown Albuquerque and the University of New Mexico area, is a historic and industrial Albuquerque neighborhood with adobe-era roots and rail-yard grit. The neighborhood’s character concentrates around 4th Street NW and Mountain Road NW, where low-slung storefronts, murals, and workshop-style spaces set a street-level rhythm. Landmark buildings and compact blocks mix with warehouse edges, giving walks a shifting texture from residential lanes to working corridors. The Albuquerque Rail Yards frames the area’s maker energy, while the National Hispanic Cultural Center adds a strong cultural throughline nearby. Coffee at Zendo and pints at Marble Brewery anchor casual meetups. Pocket parks and the Bosque trail system shape everyday outdoor time.
Provided by Walk Score and Local Logic
Offer insights
427 Odelia Rd NE · $299,500
$300K and above
75% chance or better to win
Why $300K+ is a strong offer
DAYS ON MARKET
67 days
The average home goes pending in 108 days.
SALE-TO-LIST
98.6%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Fireplace option
Bedrooms
One 1-bedroom unit (manager's unit)
One 2-bedroom unit
Bathrooms
Unit with 2 bathrooms
Unit with 1 bathroom
Kitchen
Free-standing electric range
Flooring
Tile flooring
Vinyl flooring
Heating & cooling
Central heating
Forced air heating
Evaporative cooling
Exterior features
Approximately 0.08-acre lot
Zoned R-1A*
Storage facilities available in community
Home design
Single-story building
Adobe construction
Resale property
Construction
Adobe construction
Utilities
Cable available
Water service paid by owner
Financial info
Two total units
One building
Manager's unit included
Total actual rent: $2,150
1-bedroom unit rent: $1,150
2-bedroom unit rent: $1,000
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the R-1 zone district is to provide for neighborhoods of single-family homes with a variety of lot sizes and dimensions. When applied in developed areas, an additional purpose is to require that redevelopment reinforce the established character of the existing neighborhood. Primary land uses include single-family detached homes on individual lots, with limited civic and institutional uses to serve the surrounding residential area. Allowable uses are shown in Table 4-2-1.
Zone overlays
Character Protection Overlay Zones - Martineztown/Santa Barbaras - 7
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Greenhouse / nursery
Religious facility
Housing-Group
Housing-Single unit
Infrastructure
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 95° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Albuquerque, NM • 87102
Average low and high temperatures (°F)
51
25
65
33
73
40
74
46
82
53
94
64
95
68
95
68
85
59
78
50
61
35
58
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 427 Odelia Rd NE
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