Cheap homes for sale & real estate in 87108, NM

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ABOUT THIS HOME
Cheap Home for sale in 87108, NM:
4-unit multifamily investment located in a rapidly improving corridor of Northeast Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a high cap rate, strong cash-on-cash returns, and durable demand from long-term workforce tenants. The surrounding neighborhood has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use construction nearby. These improvements support long-term appreciation while maintaining strong rental demand. The asset is a C-class, workforce housing property, which historically performs well through market cycles due to affordability, necessity-driven dema

$325,000

5 beds4 baths2,760 sq ft

236 San Pablo St NE, Albuquerque, NM 87108

Brand-new park • Strong rental demand • 6,752 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in 87108, NM:
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!

$225,000

2 beds1 bath871 sq ft

423 Alcazar St NE, Albuquerque, NM 87108

Gas water heater • Granite countertops • Updated bathroom

ABOUT THIS HOME
Cheap Home for sale in 87108, NM:
Excellent investment opportunity! This well-maintained 4-plex at 536 Palomas Dr SE generates $3,214 /month in gross rental income. Unit mix includes four 2 bed/1 bath units. Features include off-street parking, private enclosed courtyards, newer windows, and newer stucco. A turnkey addition to any investment portfolio with strong cash flow.

$420,000

8 beds4 baths3,136 sq ft

532 Palomas Dr SE, Albuquerque, NM 87108

Newer windows • Newer stucco • Off-street parking

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 87108, NM:
Income property or owner-occupant opportunity at a fantastic price point! This duplex features two well-designed units, each offering 2 bedrooms, 1 full bathroom. Each unit also includes off-street parking for up to two vehicles. Conveniently located near shopping, restaurants, schools, parks, and major commuter routes. These units are designed for efficient, low-maintenance ownership, featuring durable tile flooring throughout and separately metered gas and electric utilities to help streamline operating expenses. Each unit also includes in-unit laundry hookups, a highly desirable amenity that enhances tenant convenience and strengthens rental appeal.

$205,000

2 beds1 bath1,536 sq ft

513 Utah St SE, Albuquerque, NM 87108

Off-street parking • Conveniently located • 6,839 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in 87108, NM:
Wonderful curb appeal welcomes you to 3915 Smith Ave SE, a well-placed home just off the greenbelt of Ridgecrest and close to three parks - Burton, Hermosa Green/Beyer, and Laurel Circle! This one-level Pueblo-style casa features an expansive living room w/ Danish Morso woodstove, open kitchen w/ pendant lamps, dining room/office, & separate primary suite offering 3/4 bath and dressing room. Two add'l large bedrooms share a full bath. HUGE laundry room provides extra storage. Fantastic wood accents (beams, columns & corbels) + oak hardwood floors. Backyard finds manicured xeriscape, patio, & storage shed. Thermal windows. 200-amp electrical service. Recent AC/heating replace

$435,000

3 beds2 baths1,950 sq ft

3915 Smith Ave SE, Albuquerque, NM 87108

Greenbelt • Three parks • Open kitchen

Property at 325 Tennessee St NE, Albuquerque, NM 87108, 6 beds, 3 baths

$299,900

6 beds3 baths2,304 sq ft

325 Tennessee St NE, Albuquerque, NM 87108

Property at 428 Rhode Island St NE, Albuquerque, NM 87108, 6 beds, 3 baths

$329,900

6 beds3 baths2,250 sq ft

428 Rhode Island St NE, Albuquerque, NM 87108

Property at 628 Florida St SE, Albuquerque, NM 87108, 3 beds, 2.5 baths

$286,000

3 beds2.5 baths1,796 sq ft

628 Florida St SE, Albuquerque, NM 87108

Property at 515 Graceland Dr SE, Albuquerque, NM 87108, 2 beds, 1 bath

$299,000

2 beds1 bath927 sq ft

515 Graceland Dr SE, Albuquerque, NM 87108

Property at 1908 Ridgecrest Dr SE, Albuquerque, NM 87108, 2 beds, 1.5 baths

$347,000

2 beds1.5 baths1,778 sq ft

1908 Ridgecrest Dr SE, Albuquerque, NM 87108

Property at 510 Mesilla St SE Unit 1-4, Albuquerque, NM 87108, 2 beds, 1 bath

$430,000

2 beds1 bath2,700 sq ft

510 Mesilla St SE Unit 1-4, Albuquerque, NM 87108

Property at 506 Ortiz Dr NE, Albuquerque, NM 87108, 2 beds, 2 baths

$278,000

2 beds2 baths1,412 sq ft

506 Ortiz Dr NE, Albuquerque, NM 87108

Property at 215 Madison St NE, Albuquerque, NM 87108, 4 beds, 2 baths

$399,000

4 beds2 baths1,656 sq ft

215 Madison St NE, Albuquerque, NM 87108

Property at 533 Valencia Dr SE, Albuquerque, NM 87108, 1 bed, 1 bath

$331,592

1 bed1 bath1,929 sq ft

533 Valencia Dr SE, Albuquerque, NM 87108

Property at 1033 Louisiana Blvd SE, Albuquerque, NM 87108, 6 beds, 3 baths

$319,000

6 beds3 baths2,296 sq ft

1033 Louisiana Blvd SE, Albuquerque, NM 87108

Property at 438 Truman St NE, Albuquerque, NM 87108, 3 beds, 1 bath

$340,000

3 beds1 bath1,220 sq ft

438 Truman St NE, Albuquerque, NM 87108

Property at 415 Virginia St SE, Albuquerque, NM 87108, 6 beds, 3 baths

$315,000

6 beds3 baths2,153 sq ft

415 Virginia St SE, Albuquerque, NM 87108

Property at 336 Rhode Island St NE, Albuquerque, NM 87108, 2 beds, 1 bath

$255,000

2 beds1 bath2,375 sq ft

336 Rhode Island St NE, Albuquerque, NM 87108

Property at 521 Kentucky St SE, Albuquerque, NM 87108, 2 beds, 2 baths

$420,000

2 beds2 baths2,581 sq ft

521 Kentucky St SE, Albuquerque, NM 87108

Property at 220 Shawnee Ct SE, Albuquerque, NM 87108, 3 beds, 1.5 baths

$231,000

3 beds1.5 baths1,439 sq ft

220 Shawnee Ct SE, Albuquerque, NM 87108

Property at 8201 Trumbull Ave SE Apt C, Albuquerque, NM 87108, 2 beds, 1 bath

$155,000

2 beds1 bath912 sq ft

8201 Trumbull Ave SE Apt C, Albuquerque, NM 87108

Property at 308 Charleston St NE, Albuquerque, NM 87108, 4 beds, 4 baths

$399,000

4 beds4 baths— sq ft

308 Charleston St NE, Albuquerque, NM 87108

Property at 425 Grove St SE, Albuquerque, NM 87108, 4 beds, 2 baths

$265,999

4 beds2 baths1,386 sq ft

425 Grove St SE, Albuquerque, NM 87108

Property at 119 Charleston St SE, Albuquerque, NM 87108, 3 beds, 3 baths

$299,000

3 beds3 baths1,784 sq ft

119 Charleston St SE, Albuquerque, NM 87108

Property at 201 San Pablo St NE, Albuquerque, NM 87108, 3 beds, 2 baths

$239,000

3 beds2 baths1,230 sq ft

201 San Pablo St NE, Albuquerque, NM 87108

Property at 610 San Pedro Dr SE, Albuquerque, NM 87108, 2 beds, 2 baths

$295,000

2 beds2 baths1,610 sq ft

610 San Pedro Dr SE, Albuquerque, NM 87108

Property at 211 Texas St NE, Albuquerque, NM 87108, 6 beds, 4 baths

$349,900

6 beds4 baths2,500 sq ft

211 Texas St NE, Albuquerque, NM 87108

Property at 636 San Pablo St SE, Albuquerque, NM 87108, 2 beds, 2 baths

$245,499

2 beds2 baths1,242 sq ft

636 San Pablo St SE, Albuquerque, NM 87108

Property at 8116 Kathryn Ave SE, Albuquerque, NM 87108, 3 beds, 1 bath

$235,000

3 beds1 bath864 sq ft

8116 Kathryn Ave SE, Albuquerque, NM 87108

Property at 525 Kentucky St SE, Albuquerque, NM 87108, 4 beds, 4 baths

$420,000

4 beds4 baths2,581 sq ft

525 Kentucky St SE, Albuquerque, NM 87108

Property at 632 Alcazar St SE, Albuquerque, NM 87108, 3 beds, 2 baths

$420,000

3 beds2 baths2,451 sq ft

632 Alcazar St SE, Albuquerque, NM 87108

Property at 1133 Georgia St SE, Albuquerque, NM 87108, 6 beds, 3 baths

$315,000

6 beds3 baths2,800 sq ft

1133 Georgia St SE, Albuquerque, NM 87108

Property at 411 Virginia St NE, Albuquerque, NM 87108, 4 beds, 2 baths

$315,000

4 beds2 baths2,153 sq ft

411 Virginia St NE, Albuquerque, NM 87108

Property at 5009 Palo Alto Ave SE, Albuquerque, NM 87108, 3 beds, 2 baths

$399,000

3 beds2 baths1,824 sq ft

5009 Palo Alto Ave SE, Albuquerque, NM 87108

Property at 4017 Thaxton Ave SE, Albuquerque, NM 87108, 4 beds, 3 baths

$399,000

4 beds3 baths2,264 sq ft

4017 Thaxton Ave SE, Albuquerque, NM 87108

Property at 320 Adams St SE, Albuquerque, NM 87108, 2 beds, 2.5 baths

$450,000

2 beds2.5 baths2,525 sq ft

320 Adams St SE, Albuquerque, NM 87108

Property at 1017 Georgia St SE, Albuquerque, NM 87108, 3 beds, 2 baths

$315,000

3 beds2 baths2,177 sq ft

1017 Georgia St SE, Albuquerque, NM 87108

Property at 209 Texas St NE, Albuquerque, NM 87108, 7 beds, 4 baths

$349,900

7 beds4 baths2,650 sq ft

209 Texas St NE, Albuquerque, NM 87108

Property at 503 San Pedro Dr SE, Albuquerque, NM 87108, 2 beds, 2 baths

$195,000

2 beds2 baths1,035 sq ft

503 San Pedro Dr SE, Albuquerque, NM 87108

Property at 1100 Alvarado Dr SE Apt 108, Albuquerque, NM 87108, 2 beds, 2 baths

$127,500

2 beds2 baths932 sq ft

1100 Alvarado Dr SE Apt 108, Albuquerque, NM 87108

Property at 630 Alcazar St SE, Albuquerque, NM 87108, 5 beds, 3 baths

$420,000

5 beds3 baths2,451 sq ft

630 Alcazar St SE, Albuquerque, NM 87108

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Cheap Homes for Sale in 87108

There are currently 91 cheap homes for sale in 87108 at a median listing price of $335K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 87108 stay on the market for 69 days and receive 1 offers. This map is refreshed with the newest listings in 87108 every 15 minutes.

In the past month, 22 homes have been sold in 87108. In addition to houses in 87108, there were also 8 condos, 5 townhouses, and 52 multi-family units for sale in 87108 last month. 87108 is a moderately walkable zip code in New Mexico with a Walk Score of 65. 87108 is home to approximately 38,147 people and 16,362 jobs. Find your dream home in 87108 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 87108 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87108. If you're looking to sell your home in the 87108 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87108 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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