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!
For sale
Price cut: $25K (10/5)
$524,000
508 Walter St SE, Albuquerque, NM 87102
1beds
1baths
1,372sqft
Triplex, Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$382/sqft
$-- HOA
What's special
Modern updatesOff-street parkingFenced yardPrivate entrances
- 106 days
- 141
- 7
Zillow last checked:
Listing updated:
Listed by:
Gabriel J Alarid 505-470-9534,
EXP Realty LLC 505-554-3873,
ROC Real Estate Partners 505-730-0397,
EXP Realty LLC
Source: SWMLS,MLS#: 1106259
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Ductless, Electric
Cooling
- Multi Units, Ceiling Fan(s)
Appliances
- Included: Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Ceiling Fan(s)
- Flooring: Carpet Free
Interior area
- Total structure area: 1,372
- Total interior livable area: 1,372 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Lighting, Patio
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 101405747121543413
- Zoning description: MX-T*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Condition
- Resale
- New construction: No
- Year built: 1901
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Patio
- Subdivision: Highland Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $382/sqft
- Tax assessed value: $426,700
- Annual tax amount: $6,009
- Date on market: 6/26/2026
- Cumulative days on market: 106 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 5100
- Tenant pays: Electricity, Gas, Other, See Remarks, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Price change | $524,000-4.6%$382/sqft |
Source:  SWMLS #1106259 Report a problem | ||
| 6/26/2026 | Listed for sale | $549,000$400/sqft |
Source: SWMLS #1106259 Report a problem | ||
| 4/1/2026 | Listing removed | $549,000$400/sqft |
Source: SWMLS #1093988 Report a problem | ||
| 3/17/2026 | Price change | $549,000-3.7%$400/sqft |
Source: SWMLS #1093988 Report a problem | ||
| 2/24/2026 | Price change | $570,000-3.4%$415/sqft |
Source: SWMLS #1093988 Report a problem | ||
| 12/15/2025 | Price change | $590,000-3.3%$430/sqft |
Source: SWMLS #1093988 Report a problem | ||
| 11/4/2025 | Listed for sale | $610,000+165.8%$445/sqft |
Source: SWMLS #1093988 Report a problem | ||
| 2/28/2022 | Sold | -- |
Source: SWMLS #1007841 Report a problem | ||
| 1/31/2022 | Pending sale | $229,500$167/sqft |
Source: SWMLS #1007841 Report a problem | ||
| 1/26/2022 | Listed for sale | $229,500+6.8%$167/sqft |
Source: SWMLS #1007841 Report a problem | ||
| 5/17/2021 | Listing removed | -- |
Source: SWMLS #991053 Report a problem | ||
| 5/12/2021 | Pending sale | $214,900$157/sqft |
Source: SWMLS #991053 Report a problem | ||
| 5/4/2021 | Listed for sale | $214,900$157/sqft |
Source: SWMLS #991053 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,009 -9.7% | $142,219 -9.9% |
| 2024 | $6,657 +45.7% | $157,784 +47.6% |
| 2023 | $4,568 +0.5% | $106,889 |
| 2022 | $4,546 +0.5% | $106,889 |
| 2021 | $4,525 +16.1% | $106,889 +17.6% |
| 2020 | $3,897 | $90,858 +105% |
| 2019 | -- | $44,323 |
| 2018 | $1,730 -5.6% | $44,323 +3% |
| 2017 | $1,833 +6.2% | $43,033 +6.1% |
| 2016 | $1,726 -95.7% | $40,563 |
| 2015 | $40,563 +1992% | $40,563 -11.2% |
| 2014 | $1,939 | $45,662 -1.4% |
| 2013 | $1,939 | $46,295 |
| 2012 | -- | $46,295 |
| 2011 | -- | $46,295 -10.1% |
| 2010 | -- | $51,478 -39.1% |
| 2009 | -- | $84,510 +3% |
| 2008 | -- | $82,049 +3% |
| 2007 | -- | $79,659 +129.5% |
| 2006 | -- | $34,708 +3% |
| 2005 | -- | $33,697 +3% |
| 2004 | -- | $32,716 +3% |
| 2003 | -- | $31,763 +0.7% |
| 2002 | -- | $31,530 +2.9% |
| 2001 | -- | $30,630 -1.1% |
| 2000 | -- | $30,963 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Broadway
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