Cheap homes for sale & real estate in 87131, NM

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NEW 20 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in 87131, NM:
Income-producing 3 unit compound across two separate structures--well kept, flexible, and easy to own. Stabilized with long-term tenants and professional management in place, it delivers predictable cash flow from day one. All units stabilized and rented at market rates, Each residence enjoys private entries and defined outdoor space, reducing turnover and maintenance touchpoints. Very competitive Investment metrics strengthen the story and give this property immediate value: CAP rate 5.93%, GRM 9.52, IRR 13.09%. The multi-structure layout supports hold-and-collect or light value-add--an efficient, turnkey addition to any portfolio.

$365,000

2 beds1 bath2,319 sq ft

1011 Edith Blvd NE Unit B-D, Albuquerque, NM 87102

Income producing • Private entries • 7,013 sq ft lot

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 87131, NM:
Amazing opportunity less than one mile from UNM! This versatile property features a 3-bedroom, 1-bath main home plus a separate studio apartment in the back. The studio is already tenant-occupied, making it an ideal investment opportunity with immediate income. Whether you choose to live in the main home while offsetting your mortgage or rent out both units, the possibilities are endless. A prime location with flexible options--perfect for investors or owner-occupants alike.

$385,000

4 beds2 baths1,774 sq ft

815 Girard Blvd NE, Albuquerque, NM 87106

Prime location • 6,752 sq ft lot • Built 1941

ABOUT THIS HOME
Cheap Home for sale in 87131, NM:
Charming condo that truly feels like home with modern flare. Enjoy a full bath, in-unit laundry, and a lofted bedroom that adds privacy while still letting you entertain with ease. A cozy bonus nook offers the perfect spot for an office, gym, or creative hobby. Bright, inviting, and thoughtfully designed, this space lives comfortably and efficiently. Best of all, it's located directly across from the university, making it ideal for students, faculty, medical professionals, or anyone seeking unbeatable convenience. You don't want to miss this one in a great, private community. Call for your private showing today!

$225,000

1 bed1 bath899 sq ft

2001 Gold Ave SE #3, Albuquerque, NM 87106

Lofted bedroom • In-unit laundry • Bonus nook

ABOUT THIS HOME
Cheap Home for sale in 87131, NM:
Beautifully remodeled and truly move-in ready, this stunning Downtown Albuquerque home blends modern comfort with timeless charm. Recent upgrades include a newer roof, refrigerated air, heater, water heater, updated flooring and lighting, a gorgeous modern kitchen, all appliances, and fully renovated bathrooms--thoughtfully completed within the last few years. Enjoy a huge gated yard with backyard access, perfect for multiple vehicles, boats, RVs, trailers, or an ideal space for pets and outdoor living. Potential area for ADU or casita? Conveniently located near schools, parks, hospitals, I-25, and downtown amenities. Relax on the covered front porch while taking in breathtaking sunset view

$289,999

2 beds2 baths816 sq ft

812 Arno St SE, Albuquerque, NM 87102

8,886 sq ft lot • Built 1910 • Listed 13 days

ABOUT THIS HOME
Cheap Home for sale in 87131, NM:
Fall in love with the artistic charm of this Nob Hill gem. Both the front home and rear studio are separately metered, offering flexibility for rental income, creative use, or multigenerational living. The front house showcases thoughtful, character-filled details throughout and an airy designer bath. The back studio adds a bedroom, full bath, and laundry hook-up; Ideal as a guest space or income unit. Inviting outdoor space and unbeatable proximity to Nob Hill's shops and cafes make this a rare find that won't last.

$425,000

2 beds2 baths1,508 sq ft

222 Amherst Dr NE, Albuquerque, NM 87106

Guest space • Back studio • Airy designer bath

Property at 215 Carlisle Blvd NE, Albuquerque, NM 87106, 2 beds, 1 bath

$365,000

2 beds1 bath910 sq ft

215 Carlisle Blvd NE, Albuquerque, NM 87106

Property at 1201 High St SE, Albuquerque, NM 87102, 2 beds, 2 baths

$265,000

2 beds2 baths898 sq ft

1201 High St SE, Albuquerque, NM 87102

Property at 2131 Coal Ave SE, Albuquerque, NM 87106, 2 beds, 1 bath

$220,000

2 beds1 bath750 sq ft

2131 Coal Ave SE, Albuquerque, NM 87106

Property at 110 Richmond Dr SE Unit 305, Albuquerque, NM 87106, 2 beds, 2 baths

$349,000

2 beds2 baths1,121 sq ft

110 Richmond Dr SE Unit 305, Albuquerque, NM 87106

Property at 1519 Solano Dr NE, Albuquerque, NM 87110, 2 beds, 1 bath

$335,000

2 beds1 bath1,156 sq ft

1519 Solano Dr NE, Albuquerque, NM 87110

Property at 201 Aliso Dr SE Apt 9, Albuquerque, NM 87108, 2 beds, 2.5 baths

$395,000

2 beds2.5 baths1,544 sq ft

201 Aliso Dr SE Apt 9, Albuquerque, NM 87108

Property at 405 Yale Blvd SE, Albuquerque, NM 87106, 2 beds, 1 bath

$430,000

2 beds1 bath3,800 sq ft

405 Yale Blvd SE, Albuquerque, NM 87106

Property at 1002 Walter St NE, Albuquerque, NM 87102, 3 beds, 1 bath

$280,000

3 beds1 bath1,161 sq ft

1002 Walter St NE, Albuquerque, NM 87102

Property at 4247 Altura Vista Ln NE, Albuquerque, NM 87110, 3 beds, 2.5 baths

$330,000

3 beds2.5 baths1,694 sq ft

4247 Altura Vista Ln NE, Albuquerque, NM 87110

Property at 724 Washington St NE, Albuquerque, NM 87110, 3 beds, 1.5 baths

$417,500

3 beds1.5 baths1,846 sq ft

724 Washington St NE, Albuquerque, NM 87110

Property at 445 Graceland Dr SE, Albuquerque, NM 87108, 3 beds, 2 baths

$395,000

3 beds2 baths1,808 sq ft

445 Graceland Dr SE, Albuquerque, NM 87108

Property at 2129 Coal Ave SE Unit A,B,C, Albuquerque, NM 87106, 1 bed, 1 bath

$350,000

1 bed1 bath1,368 sq ft

2129 Coal Ave SE Unit A,B,C, Albuquerque, NM 87106

Property at 520 Iron Ave SE, Albuquerque, NM 87102, 2 beds, 2 baths

$399,000

2 beds2 baths1,528 sq ft

520 Iron Ave SE, Albuquerque, NM 87102

Property at 1430 Franciscan St NE, Albuquerque, NM 87102, 2 beds, 1 bath

$147,900

2 beds1 bath867 sq ft

1430 Franciscan St NE, Albuquerque, NM 87102

Property at 2711 Monterey Ave SE, Albuquerque, NM 87106, 2 beds, 2 baths

$300,000

2 beds2 baths1,437 sq ft

2711 Monterey Ave SE, Albuquerque, NM 87106

Property at 829 Jefferson St NE, Albuquerque, NM 87110, 5 beds, 3 baths

$395,000

5 beds3 baths2,348 sq ft

829 Jefferson St NE, Albuquerque, NM 87110

Property at 1701 Miracerros Pl NE, Albuquerque, NM 87106, 2 beds, 2 baths

$400,000

2 beds2 baths1,734 sq ft

1701 Miracerros Pl NE, Albuquerque, NM 87106

Property at 3936 Silver Ave SE, Albuquerque, NM 87108, 3 beds, 2.5 baths

$439,800

3 beds2.5 baths2,008 sq ft

3936 Silver Ave SE, Albuquerque, NM 87108

Property at 213 Girard Blvd SE, Albuquerque, NM 87106, 2 beds, 1 bath

$385,000

2 beds1 bath998 sq ft

213 Girard Blvd SE, Albuquerque, NM 87106

Property at 3600 Central Ave SE Unit 112, Albuquerque, NM 87108, 2 beds, 2 baths

$420,000

2 beds2 baths1,213 sq ft

3600 Central Ave SE Unit 112, Albuquerque, NM 87108

Property at 401 Gomez Ave NE, Albuquerque, NM 87102, 3 beds, 2 baths

$345,000

3 beds2 baths1,576 sq ft

401 Gomez Ave NE, Albuquerque, NM 87102

Property at 105 Maple St NE, Albuquerque, NM 87106, 2 beds, 1 bath

$245,000

2 beds1 bath923 sq ft

105 Maple St NE, Albuquerque, NM 87106

Property at 412 Harvard Dr SE, Albuquerque, NM 87106, 3 beds, 2 baths

$345,000

3 beds2 baths1,460 sq ft

412 Harvard Dr SE, Albuquerque, NM 87106

Property at 204 Carlisle Blvd NE, Albuquerque, NM 87106, 2 beds, 1 bath

$350,000

2 beds1 bath1,290 sq ft

204 Carlisle Blvd NE, Albuquerque, NM 87106

Property at 3600 Central Ave SE #212, Albuquerque, NM 87108, 2 beds, 2 baths

$345,000

2 beds2 baths1,088 sq ft

3600 Central Ave SE #212, Albuquerque, NM 87108

Property at 309 Princeton Dr SE, Albuquerque, NM 87106, 2 beds, 1 bath

$450,000

2 beds1 bath2,476 sq ft

309 Princeton Dr SE, Albuquerque, NM 87106

Property at 1311 Edith Blvd SE, Albuquerque, NM 87102, 3 beds, 2 baths

$318,000

3 beds2 baths1,340 sq ft

1311 Edith Blvd SE, Albuquerque, NM 87102

Property at 715 Kinley Ave NE, Albuquerque, NM 87102, 3 beds, 1.5 baths

$289,999

3 beds1.5 baths1,128 sq ft

715 Kinley Ave NE, Albuquerque, NM 87102

Property at 301 Central Ave NE #105, Albuquerque, NM 87102, 1 bath

$239,000

0 beds1 bath1,029 sq ft

301 Central Ave NE #105, Albuquerque, NM 87102

Property at 400 Central Ave SE #302, Albuquerque, NM 87102, 1 bed, 1 bath

$229,000

1 bed1 bath1,100 sq ft

400 Central Ave SE #302, Albuquerque, NM 87102

Property at 400 Copper Ave NE #201, Albuquerque, NM 87102, 2 beds, 2 baths

$298,000

2 beds2 baths1,224 sq ft

400 Copper Ave NE #201, Albuquerque, NM 87102

Property at 301 Central Ave NE #113, Albuquerque, NM 87102, 1 bed, 1.5 baths

$335,000

1 bed1.5 baths1,230 sq ft

301 Central Ave NE #113, Albuquerque, NM 87102

Property at 609 Page Ave NE, Albuquerque, NM 87102, 2 beds, 1 bath

$135,000

2 beds1 bath875 sq ft

609 Page Ave NE, Albuquerque, NM 87102

Property at 300 Tijeras Ave NE #212, Albuquerque, NM 87102, 1 bath

$198,000

0 beds1 bath752 sq ft

300 Tijeras Ave NE #212, Albuquerque, NM 87102

Property at 213 Vassar Dr SE Unit B, Albuquerque, NM 87106, 3 beds, 2 baths

$384,000

3 beds2 baths1,467 sq ft

213 Vassar Dr SE Unit B, Albuquerque, NM 87106

Property at 916 Franciscan St NE, Albuquerque, NM 87102, 2 beds, 1 bath

$299,000

2 beds1 bath1,255 sq ft

916 Franciscan St NE, Albuquerque, NM 87102

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Cheap Homes for Sale in 87131

There are currently 50 cheap homes for sale in 87131. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in 87131 every 15 minutes.

Find your dream home in 87131 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 87131 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87131. If you're looking to sell your home in the 87131 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87131 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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