$524,000
508 Walter St , Albuquerque, NM 87102
- 1
- beds
- 1,372
- sqft
- 1901
- year built
- Status:
- Active
- MLS #:
- 1106259
- Neighborhood:
- Highland Add
- County:
- Bernalillo
- Listed By:
- Gabriel J Alarid - EXP Realty LLC
- Agent Phone:
- (505) 470-9534
- Agent Email:
- gabe.alarid@rocrep.com
Sponsoring Broker: Edward Donovan, Continental Real Estate Group, Inc
Turnkey Tri-Plex in the heart of Huning Highland! This meticulously maintained 3-unit property features three spacious 1-bedroom, 1-bath apartments, each with private entrances and modern updates. Ideal for an owner-occupant or investor, it has a proven history as a successful Airbnb with strong potential for short- or long-term rentals. Located near Downtown, UNM, and Nob Hill, with off-street parking and a fenced yard. Don't miss this rare opportunity to own a cash-flowing gem in one of Albuquerque's most sought-after historic neighborhoods!
Highlights
- Residential Income
- Triplex
- Built in 1901
- 0.12 Acre Lot
- 137 days on Market
-
- Bedrooms
- 1
-
- Year Built
- 1901
-
- Stories
- 1.0
-
- Living Area
- 1372.0
-
- Interior Features
- Ceiling Fan(s)
-
- Appliances
- Dryer, Dishwasher, Refrigerator, Washer, Free-Standing Gas Range
-
- Exterior Features
- Lighting
-
- Patio And Porch
- Patio
-
- Cooling
- Ceiling Fan(s), Multi Units
-
- Heating
- Ductless, Electric
-
- Acres
- 0.12
-
- Utilities
- Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
-
- Area
- 80 - Downtown Area
-
- County
- Bernalillo
-
- City
- Albuquerque
-
- Neighborhood
- Highland Add
-
- Zip Code
- 87102
-
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Price History
| 10/05/2026 | Price Changed | $524,000 |
| Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1106259 | ||
| 06/26/2026 | Listed | $549,000 |
| Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1106259 | ||
| 11/04/2025 | Off Market | — |
| Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1093988 | ||
Source: MLS Data
Deed History
| 09/01/2023 | Warranty Deed | $0 |
| 02/28/2022 | Warranty Deed | $0 |
| 12/01/2020 | Quit Claim Deed (non-arm's length) | $0 |
| 05/29/2013 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 02/24/2010 | Quit Claim Deed (non-arm's length) | $0 |
| 03/09/2006 | Warranty Deed | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 01/19/2024 | Coventional | $394,500 |
| 09/01/2023 | FHA | $394,500 |
| 02/28/2022 | Coventional | $205,600 |
| 12/01/2020 | Coventional | $167,500 |
| 06/18/2013 | Commercial | $186,300 |
| 03/25/2008 | Commercial | $202,500 |
| 03/09/2006 | Commercial | $198,750 |
Source: Public records via Constellation Data Labs
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Similar Listings
Look Throughout Albuquerque
There are currently 2107 properties available in Albuquerque, with 12 under contract to close soon. Properties in the city have an average sale price of $419,936 and typically spend 74 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 508 Walter St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 508 Walter St.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 508 Walter St?
Click Ask a Question to talk with our team. You already know it is a 1 bed, N/A bath, listed for $524,000. We can talk through recent upgrades, potential seller motivation, how this triplex compares to others in Albuquerque, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 508 Walter St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 508 Walter St at around $3,483. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 508 Walter St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Bernalillo County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 508 Walter St?
In most cases, yes. Whether 508 Walter St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Albuquerque's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 508 Walter St?
We can handle that for you. Our preferred local agent specializes in residential incomes in Albuquerque and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $524,000 with 1,372 sqft of space—that comes out to approximately $382 per square foot.
How long has this property been on the market?
508 Walter St was listed on June 26, 2026, which means it's been on the market for 137 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1901, making it approximately 125 years old.
What is the lot size of this property?
508 Walter St sits on a 0.12-acre lot, which is 5,227 square feet.
What are the property taxes for 508 Walter St?
The most recent public record shows annual property taxes for 508 Walter St were approximately $6,009. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 508 Walter St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.
Last Updated: November 10, 2026 at 10:20AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1106259