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219 Central Ave NW #506, Albuquerque, NM, 87102

1beds
2baths
1,498sqft
$375,000
$250price/sqft
$2,320/moest. monthly cost
$92,800/yrincome needed

About This Home

Urban Living at its finest in this hip, modern condo set within a beautifully restored historic bank building. Thoughtfully updated throughout, this stylish unit blends industrial character with contemporary design. Enjoy seamless access with the unit located on the same floor as the parking garage, plus added security with a doorman Mon-Fri. Grab your morning coffee just downstairs, then unwind on your private deck, with both mountain and city views. The versatile upstairs loft offers the perfect space for a home office, gym, or a second living area. Bonus: seller is open to owner financing or paying the buyer's HOA fees for TWO years -- an incredible opportunity to own in the heart of downtown.

Getting Around

97
WalkingWalker's Paradise
52
TransitGood Transit
91
BikeBiker's Paradise

Schools

6/10
4/10
Washington Middle SchoolGrades 6-80.6 mi
3/10
Albuquerque High SchoolGrades 9-121.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1923

Materials

  • Roof: Flat
  • Construction materials: Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Built-In Gas Range,Dryer,Dishwasher,Microwave,Refrigerator,Wine Cooler,Washer
  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Bookcases,Kitchen Island,Multiple Living Areas,Tub Shower
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Carpet,Cork,Stone

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Refrigerated

Interior Area

  • Total structure area: 1,498
  • Total interior livable area: 1,498 sqft

Kitchen

  • Level: Main
  • Area: 286.65

Living Room

  • Level: Upper
  • Area: 259.44

Primary Bedroom

  • Level: Upper
  • Area: 264.2

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 101405721443426501CF
  • Attached to another structure: Yes
  • Zoning description: MX-FB-UD*

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Open,Patio

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
    EarthquakeRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Hail
Inland Flooding
Winter Weather

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 $1,896$22,752
Home Insurance *$118$1,416
Property Taxes $158$1,896
Electricity $148$1,780
Total$2,320$27,840
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,542/yr
40% on housing$69,600/yr
45% on housing$61,866/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

$250This listing

vs Other Active Listings

Avg $/sqft

ZIP 87102$158
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87102
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-20Listed for sale$400,000

For Sale by Agent

AgentThe Shaffer Group
BrokerageKeller Williams Realty

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