508 Walter St SE, Albuquerque, NM, 87102
About This Home
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!
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1901
Type & Style
- Home type: MultiFamily
- Property subType: Triplex,Multi Family
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Free-Standing Gas Range,Refrigerator,Washer
- Laundry features: Washer Hookup,Dryer Hookup,In Unit
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Ceiling Fan(s)
- Flooring: Carpet Free
Heating & Cooling
- Heating features: Ductless,Electric
- Cooling features: Multi Units,Ceiling Fan(s)
Interior Area
- Total structure area: 1,372
- Total interior livable area: 1,372 sqft
Property
Details
- Parcel number: 101405747121543413
- Zoning description: MX-T*
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Lighting,Patio
Lot
- Lot size: 5,227 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Bernalillo County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,776 | $33,312 |
| Home Insurance * | $118 | $1,416 |
| Property Taxes | $388 | $4,656 |
| Electricity | $148 | $1,780 |
| Total | $3,430 | $41,160 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Listed for sale | $549,000 |
| 2026-04-01 | Listing removed | $549,000 |
| 2026-03-17 | Price change | $549,000 |
| 2026-02-24 | Price change | $570,000 |
| 2025-12-15 | Price change | $590,000 |
| 2025-11-04 | Listed for sale | $610,000 |
| 2022-02-28 | Sold | -- |
| 2022-01-31 | Pending sale | $229,500 |
| 2022-01-26 | Listed for sale | $229,500 |
| 2021-05-17 | Listing removed | -- |
| 2021-05-12 | Pending sale | $214,900 |
| 2021-05-04 | Listed for sale | $214,900 |
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