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633 Grove St SE, Albuquerque, NM, 87108

2beds
2baths
1,242sqft
$250,000
$201price/sqft
$1,705/moest. monthly cost
$68,200/yrincome needed

About This Home

Excellent investment opportunity at 633 Grove St SE, Albuquerque, NM 87108. This remodeled duplex offers immediate income potential with tenants already in place, making it a turnkey addition to any investment portfolio. Both units have been updated to provide comfortable, modern living spaces while minimizing future maintenance concerns. Conveniently located near shopping, dining, schools, and major transportation routes, this property appeals to long-term renters and supports strong occupancy potential. Whether you're a seasoned investor or looking to expand your real estate holdings, this income-producing duplex delivers the combination of cash flow, updates, and location that investors seek. Don't miss this opportunity to own a fully leased, remodeled duplex in Albuquerque.

Getting Around

52
WalkingSomewhat Walkable
38
TransitSome Transit
59
BikeBikeable

Schools

5/10
Wherry Elementary SchoolGrades PK-50.7 mi
2/10
Van Buren Middle SchoolGrades 6-80.3 mi
2/10
Highland High SchoolGrades 9-121.7 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1957

Materials

  • Foundation: Slab
  • Roof: Composition,Pitched
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Main Level Primary
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Tile

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,242
  • Total interior livable area: 1,242 sqft

Kitchen

  • Level: Main
  • Area: 126

Living Room

  • Level: Main
  • Area: 154

Primary Bedroom

  • Level: Main
  • Area: 130

Property

Details

  • Parcel number: 101905618335120605
  • Zoning description: R-2

Features

  • Levels: One
  • Stories: 1
  • Fencing: Gate

Lot

  • Lot size: 6,969 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

  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Earthquake
Lightning

FEMA Declared Disasters in Bernalillo County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $1,264$15,168
Home Insurance *$116$1,392
Property Taxes $177$2,124
Electricity $148$1,780
Total$1,705$20,460
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,457/yr
40% on housing$51,150/yr
45% on housing$45,466/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$201This listing

vs Other Active Listings

Avg $/sqft

ZIP 87108$164
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87108
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-10Listed for sale$250,000
2017-07-27Sold--
2017-06-13Pending sale$89,900
2017-06-01Price change$89,900
2016-12-12Listed for sale$95,000

For Sale by Agent

AgentThe Venegas Group
BrokerageKeller Williams Realty

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