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
$549,000
508 Walter St SE, Albuquerque, NM 87102
1beds
1baths
1,372sqft
Triplex, Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$400/sqft
$-- HOA
What's special
Modern updatesOff-street parkingFenced yardPrivate entrances
- 8 days |
- 134 |
- 5 |
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
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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: $400/sqft
- Tax assessed value: $426,700
- Annual tax amount: $6,009
- Date on market: 6/26/2026
- 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 |
|---|---|---|
| 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 | -- | $30,963 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: South Broadway
Nearby schools
GreatSchools rating
- 3/10Eugene Field Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10Jefferson Middle SchoolGrades: 6-8Distance: 1.8 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New Mexico
- Bernalillo County
- Albuquerque
- 87102
- South Broadway
- 508 Walter St SE
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Nearby neighborhoods
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