Cheap homes for sale & real estate in 87002, NM

326 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Motivated seller! Prime opportunity to own land in a beautiful area. Level one and a half acre lot to build your home here. Electric, phone and cable are all in the street. Buyer to verify utilities.

$14,000

— beds— baths— sq ft

0 El Portal Loop, Belen, NM 87002

1.52 acre lot • Listed 841 days

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Great investment opportunity to buy 2 large lots in one package deal. Lot 4 Balazo Loop (MLS #1015434) is 5 acres, $7,000 and Lot 21 Mancha Circle (MLS #1015442) 6.67 acres, $8,000. Get both for $13,000! Owner financing now considered with 30% down payment. If you are an investor, contact us about creating a custom package deal for multiple vacant lots in the area.

$12,950

— beds— baths— sq ft

2 Lots Balazo And Mancha, Rio Communities, NM 87002

11.67 acre lot • Listed 1176 days

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Get ahead of the development south of Albuquerque with this great corner lot. 5 acres to build your dream home or invest for the future! Power at property line. Owner financing now considered with 30% down payment. If you are an investor, contact us about creating a custom package deal for multiple vacant lots in the area.

$8,950

— beds— baths— sq ft

Lot 13 Escudo Dr, Rio Communities, NM 87002

5 acre lot • Listed 1272 days

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Get ahead of the development south of Albuquerque with this great cul de sac lot. Over 7 acres acres to build your dream home or invest for the future! Owner financing now considered with 30% down payment. If you are an investor, contact us about creating a custom package deal for multiple vacant lots in the area.

$13,950

— beds— baths— sq ft

Lot 43 Lago Ct, Rio Communities, NM 87002

7.37 acre lot • Listed 1272 days

ABOUT THIS HOME
Cheap Home for sale in 87002, NM:
Get ahead of the development south of Albuquerque with this great lot. Over 5 acres to build your dream home or invest for the future! Owner financing now considered with 30% down payment. If you are an investor, contact us about creating a custom package deal for multiple vacant lots in the area.

$8,800

— beds— baths— sq ft

Lot 42 Mango Loop, Rio Communities, NM 87002

5.19 acre lot • Listed 1272 days

Property at Lot 7 Fachada Cir, Belen, NM 87002

$8,950

— beds— baths— sq ft

Lot 7 Fachada Cir, Belen, NM 87002

Property at Lot 5 Embolado Cir, Rio Communities, NM 87002

$7,450

— beds— baths— sq ft

Lot 5 Embolado Cir, Rio Communities, NM 87002

Property at Lot 5 Designio Cir, Rio Communities, NM 87002

$8,450

— beds— baths— sq ft

Lot 5 Designio Cir, Rio Communities, NM 87002

Property at Lot 6 Disgnio Cir, Rio Communities, NM 87002

$8,950

— beds— baths— sq ft

Lot 6 Disgnio Cir, Rio Communities, NM 87002

Property at Lot 21 Mancha Cir, Rio Communities, NM 87002

$7,950

— beds— baths— sq ft

Lot 21 Mancha Cir, Rio Communities, NM 87002

Property at Lot 4 Balazo Loop, Rio Communities, NM 87002

$6,950

— beds— baths— sq ft

Lot 4 Balazo Loop, Rio Communities, NM 87002

Property at Lot 125 Rancho Rio Grande Unit 11e, Los Lunas, NM 87031

$7,300

— beds— baths— sq ft

Lot 125 Rancho Rio Grande Unit 11e, Los Lunas, NM 87031

Property at Lot 17 Rio Del Oro #14, Belen, NM 87002

$1,000

— beds— baths— sq ft

Lot 17 Rio Del Oro #14, Belen, NM 87002

Property at 221 Arizona, Belen, NM 87002

$50,000

— beds— baths— sq ft

221 Arizona, Belen, NM 87002

Property at Kaghan Loop, Rio Communities, NM 87002

$207,250

— beds— baths— sq ft

Kaghan Loop, Rio Communities, NM 87002

Property at Hillandale And Manzano Expy, Rio Communities, NM 87002

$307,750

— beds— baths— sq ft

Hillandale And Manzano Expy, Rio Communities, NM 87002

Property at Sacramento Plan, Belen, NM 87002, 4 beds, 2 baths

$349,900

4 beds2 baths1,840 sq ft

Sacramento Plan, Belen, NM 87002

Listing provided by Zillow

Property at Jemez Plan, Belen, NM 87002, 3 beds, 2 baths

$316,900

3 beds2 baths1,515 sq ft

Jemez Plan, Belen, NM 87002

Listing provided by Zillow

Property at Brazos Plan, Belen, NM 87002, 3 beds, 2 baths

$290,900

3 beds2 baths1,150 sq ft

Brazos Plan, Belen, NM 87002

Listing provided by Zillow

Property at 1426 Lot 44 Unit W, Rio Communities, NM 87002

$5,000

— beds— baths— sq ft

1426 Lot 44 Unit W, Rio Communities, NM 87002

Property at 1426 Lot 35 Unit W, Belen, NM 87002

$5,000

— beds— baths— sq ft

1426 Lot 35 Unit W, Belen, NM 87002

$180,000

— beds— baths— sq ft

00 Ricardo, Belen, NM 87002

Property at VL Rge Lot 14 15 Block 380 #14, Belen, NM 87002

$3,400

— beds— baths— sq ft

VL Rge Lot 14 15 Block 380 #14, Belen, NM 87002

Property at Lot 15 Escobar St, Rio Communities, NM 87002

$8,000

— beds— baths— sq ft

Lot 15 Escobar St, Rio Communities, NM 87002

Property at Lots 6&7 Marcias St, Rio Communities, NM 87002

$13,000

— beds— baths— sq ft

Lots 6&7 Marcias St, Rio Communities, NM 87002

Property at VL Rrg Lot 457 #1, Belen, NM 87002

$13,950

— beds— baths— sq ft

VL Rrg Lot 457 #1, Belen, NM 87002

Property at VL Rrgw Lot 29 Block 1 #10, Belen, NM 87002

$13,000

— beds— baths— sq ft

VL Rrgw Lot 29 Block 1 #10, Belen, NM 87002

Property at VL Rge Lot 27 Block 360 #17, Rio Communities, NM 87002

$1,900

— beds— baths— sq ft

VL Rge Lot 27 Block 360 #17, Rio Communities, NM 87002

Property at Lots 28-30 Rio Grande Ests, Rio Communities, NM 87002

$5,500

— beds— baths— sq ft

Lots 28-30 Rio Grande Ests, Rio Communities, NM 87002

Property at Lot 9 Timber Mesa Hts, Belen, NM 87002

$7,000

— beds— baths— sq ft

Lot 9 Timber Mesa Hts, Belen, NM 87002

Property at Lot 9 & 10 Block 908 Unit G, Belen, NM 87002

$2,000

— beds— baths— sq ft

Lot 9 & 10 Block 908 Unit G, Belen, NM 87002

Property at 1268 Lot 79-80 Unit O, Belen, NM 87002

$2,600

— beds— baths— sq ft

1268 Lot 79-80 Unit O, Belen, NM 87002

Property at 1281 Lot 51-52 Unit O, Belen, NM 87002

$3,500

— beds— baths— sq ft

1281 Lot 51-52 Unit O, Belen, NM 87002

Property at 1273 Lot 50-52 Unit O, Belen, NM 87002

$4,000

— beds— baths— sq ft

1273 Lot 50-52 Unit O, Belen, NM 87002

Property at 1280 Lots 46-49 Unit O, Belen, NM 87002

$6,000

— beds— baths— sq ft

1280 Lots 46-49 Unit O, Belen, NM 87002

Property at 1282 Lot 20-22 Unit O, Belen, NM 87002

$6,000

— beds— baths— sq ft

1282 Lot 20-22 Unit O, Belen, NM 87002

Property at 1279 Lot 15-20, 33-35 Unit O, Belen, NM 87002

$11,000

— beds— baths— sq ft

1279 Lot 15-20, 33-35 Unit O, Belen, NM 87002

Property at 1276 Lot 13-14, 43 Unit O, Belen, NM 87002

$4,000

— beds— baths— sq ft

1276 Lot 13-14, 43 Unit O, Belen, NM 87002

Property at 1281 Lot 13-14, 40, Belen, NM 87002

$6,000

— beds— baths— sq ft

1281 Lot 13-14, 40, Belen, NM 87002

Property at 1284 Lots 1-3 Unit O, Belen, NM 87002

$7,000

— beds— baths— sq ft

1284 Lots 1-3 Unit O, Belen, NM 87002

Property at 1 Lot Nueva Loop, Rio Communities, NM 87002

$5,000

— beds— baths— sq ft

1 Lot Nueva Loop, Rio Communities, NM 87002

Viewing page 7 of 8

Cheap Homes for Sale in 87002

There are currently 326 cheap homes for sale in 87002 at a median listing price of $299K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 87002 stay on the market for 71 days. This map is refreshed with the newest listings in 87002 every 15 minutes.

In the past month, 13 homes have been sold in 87002. In addition to houses in 87002, there was also 1 condo, 6 townhouses, and 1 multi-family unit for sale in 87002 last month. Find your dream home in 87002 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 87002 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87002. If you're looking to sell your home in the 87002 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87002 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for 87002, NM

Nearby Zip Codes

Cities

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 87002, NM

How to buy a house in 87002, NM

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in New Mexico

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.