121 TERRACE Street SE Albuquerque, NM ^$ 545,000

121 TERRACE Street SE

^$ 545,000

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121 TERRACE Street SE

Albuquerque, NM, 87106

^$ 545,000

Bedrooms1 Baths1.0 Sq 3,450

Monthly Estimate*

^$ 3,400

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121 TERRACE Street SE, Albuquerque, NM 87106 - Image 8

121 TERRACE Street SE, Albuquerque, NM 87106 - Image 9

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121 TERRACE Street SE, Albuquerque, NM 87106 - Image 13

Multi-Family Home for sale in Albuquerque, NM

for $545,000 with 1 bedroom and 1 full bath. This 3,450 square foot home was built in 1955 on a lot size of 0.08.

Prime UNM location! Silver Hills neighborhood. 2 buildings - 121 Terrace - Four - 1 bedroom 1 bath units. 500SF each. Wall heater and window units for cooling.Each rented for $800/month. Current lease agreements. 117 & 119 Terrace is separate duplex. Both units are 1 bedroom 1 bath unit with screened front porches. Hardwood floors. Living room, dining room, full bath of bedroom and each unit has a basement for storage. 117 Terrace - 650SF long term tenant at below market rent. $625/m. M/M lease. 119 Terrace - 800SF. $975/m. M/M lease. Add cosmetic updates for instant equity! Flooring and fixtures can go along way. Priced to sell AS-IS. Please do not disturb tenants. Offer subject to inspection. NO RECs. Portfolio financing options available.

Multi-Family Pending

Price

^$ 545,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 944

Style

Lot Size

0.08

Year Built

1955

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1085186

Features

General

Heating Floor Furnace Wall Furnace

Cooling Window Unit(s)

Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected

Appliances Free-Standing Gas Range Refrigerator

Construction Materials Block Frame

Year Built 1955

Tenant Pays Electricity Gas

Stories Count 1

Levels One

Property Subtype Multi Family

Community Features Storage Facilities

Accessibility None

County Bernalillo

New Construction false

Property Type Residential Income

Green Energy Generation None

Status Pending

Directions From Central and University head East on Central to Terrace. South to property.

City Albuquerque

Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure

Zoning Description R-ML*

Number Of Units Total 6

MLS Area 42 - UNM South

Lot Size Square Feet 3484.8

Listing Terms Cash Conventional

Tax Annual Amount 944.32

Property Condition Resale

Builder Name Unknown

Standard Status Pending

Occupancy Type Owner

Interior

Flooring Laminate Vinyl Wood

Total Stories 2

Basement (Y/N) true

Air Conditioning Y/N true

Heating Y/N true

Total Bedrooms 1

Total Baths 1

Exterior

Number of Buildings 2

Building Area Total 3450

Lot Size Acres 0.08

Lot Size Source Public Records

* Excluded Features

List By

Katherine Carpenter

Listing Agent

Maddox & Co/Realtors

Broker

katie@maddoxrealtors.com

Affordability Calculator

$3,479

Per Month

Monthly Principal & Interest: $3,400
Monthly Property Taxes: $79
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Albuquerque, NM

Average List Price ^$605,960

Percent of Sale Price 11%

About Albuquerque, NM

565,162 Population

25% Since 2002

^$49,805 Median Income

36.92 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/16/2025	$545,000		Listed Price

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121 TERRACE Street SE, Albuquerque, NM, 87106 is a Multi-Family Home for sale at $545,000 with 3,450 sqft and a lot size of 0.08. 121 TERRACE Street SE has 1 bedrooms, 1.0 baths, and was built in 1955. The property's zip code is 87106 which is in Albuquerque, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/14/2025.

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121 TERRACE Street SE

Multi-Family Home for sale in Albuquerque, NM

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