Investment opportunity with built-in income and exciting future flexibility. This updated two-unit property offers options to maintain as a fully occupied rental, potentially occupy one unit while renting the other as leases permit, or explore a future multigenerational living arrangement. The front studio is leased at $775 through 11/30/26, and the rear 2BR/1BA is rented month-to-month at $1,320, producing current gross income of $2,095/month. Recent improvements completed from 2022-2026 include ductless heat-pump systems, sewer-line work, Unit B electrical-panel and gas-line upgrades, Unit A metal roof, tankless water heater, insulation, kitchen and bath updates, flooring and xeriscaping. Gas and electric are separately metered and tenant-paid; owner pays water, sewer and trash. Four confirmed off-street parking spaces plus potential additional tandem parking. City certification dated 5/2/22 supports the existing two-unit use as legally nonconforming. Both units occupied. APOD in docs, rent roll available. Buyers should independently confirm square footage, zoning and permitted use, financing eligibility, lease terms, parking configuration, and whether the property suits their intended use.
For sale
$295,000
1709 Walter St SE, Albuquerque, NM 87102
2beds
1,219sqft
Single Family Residence
Built in 1930
5,662 Square Feet Lot
$288,600 Zestimate®
$242/sqft
$-- HOA
What's special
- 12 days |
- 339 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Angela S. Price 505-453-4946,
Realty One Group Concierge 505-318-1111
Source: SWMLS,MLS#: 1108825
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Description: Unit B - dimensions are approx- Buyer to verify
- Level: Main
- Area: 100.13
- Dimensions: Unit B - dimensions are approx- Buyer to verify
Bedroom 2
- Description: Unit B - dimensions are approx- Buyer to verify
- Level: Main
- Area: 91.03
- Dimensions: Unit B - dimensions are approx- Buyer to verify
Kitchen
- Description: Unit B - dimensions are approx- Buyer to verify
- Level: Main
- Area: 103.75
- Dimensions: Unit B - dimensions are approx- Buyer to verify
Living room
- Description: Unit B - dimensions are approx- Buyer to verify
- Level: Main
- Area: 141.96
- Dimensions: Unit B - dimensions are approx- Buyer to verify
Heating
- Ductless, Electric, Heat Pump
Cooling
- Ductless, Refrigerated
Appliances
- Included: Free-Standing Gas Range, Refrigerator, Range Hood
- Laundry: Electric Dryer Hookup
Features
- Main Level Primary, Tub Shower
- Flooring: Carpet Free, Tile, Vinyl
- Windows: Single Pane
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,219
- Total interior livable area: 1,219 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Fencing: Full
Lot
- Size: 5,662 Square Feet
- Dimensions: 40.01 Rear /Alley
- Features: Landscaped, Planned Unit Development
Details
- Additional structures: None, Residence
- Parcel number: 101405644828610509
- Zoning description: R-1A*
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Permanent
- Roof: Metal,Pitched,Shingle
Condition
- Resale
- New construction: No
- Year built: 1930
Details
- Builder model: N
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Security: Smoke Detector(s), Window Bars
- Subdivision: Eastern Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $182,898
- Annual tax amount: $2,575
- Date on market: 8/7/2026
- Listing terms: Cash,Conventional,FHA,Other,See Remarks,VA Loan
- Total actual rent: 2095
- Road surface type: Asphalt
Estimated market value
$288,600
$274,000 - $303,000
$2,036/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2026 | Listed for sale | $295,000+96.7%$242/sqft |
Source:  SWMLS #1108732 Report a problem | ||
| 7/5/2022 | Sold | -- |
Source: SWMLS #1004076 Report a problem | ||
| 5/20/2022 | Pending sale | $150,000$123/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 5/14/2022 | Listed for sale | $150,000$123/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 2/18/2022 | Pending sale | $150,000$123/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 2/12/2022 | Price change | $150,000-3.2%$123/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 2/1/2022 | Listed for sale | $155,000-8.3%$127/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 11/27/2021 | Listing removed | -- |
Source: SWMLS #1004076 Report a problem | ||
| 11/27/2021 | Listed for sale | $169,000$139/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 11/13/2021 | Pending sale | $169,000$139/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 11/11/2021 | Price change | $169,000-10.6%$139/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 11/4/2021 | Listed for sale | $189,000$155/sqft |
Source: SWMLS #1004076 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/22/2017 | Listing removed | $500 |
Source: Owner Report a problem | ||
| 10/23/2017 | Listed for rent | $500 |
Source: Owner Report a problem | ||
| 2/6/2006 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,576 +3.2% | $60,960 +3% |
| 2024 | $2,497 +1.7% | $59,185 +3% |
| 2023 | $2,456 +62.8% | $57,461 +62.1% |
| 2022 | $1,508 +3.5% | $35,458 +3% |
| 2021 | $1,458 +1.7% | $34,425 +3% |
| 2020 | $1,434 | $33,423 +3% |
| 2019 | -- | $32,450 |
| 2018 | $1,230 -8.4% | $32,450 +3% |
| 2017 | $1,342 +6.2% | $31,505 +6.1% |
| 2016 | $1,264 -95.6% | $29,698 +3% |
| 2015 | $28,833 +2325.6% | $28,833 +3% |
| 2014 | $1,189 | $27,993 +3% |
| 2013 | $1,189 | $27,179 |
| 2012 | -- | $27,179 |
| 2011 | -- | $27,179 |
| 2010 | -- | $27,179 +3% |
| 2009 | -- | $26,387 +3% |
| 2008 | -- | $25,619 +3% |
| 2007 | -- | $24,873 +3% |
| 2006 | -- | $24,149 +3% |
| 2005 | -- | $23,446 +3% |
| 2004 | -- | $22,763 +3% |
| 2003 | -- | $22,100 +3% |
| 2002 | -- | $21,457 +3% |
| 2001 | -- | $20,832 |
| 2000 | -- | $20,832 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Broadway
Nearby schools
GreatSchools rating
- 3/10Eugene Field Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.8 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Eugene Field
- Middle: Washington
- High: Albuquerque
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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