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309 Princeton Drive SE Albuquerque, NM $ 450,000
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$ 450,000 Get more info
309 Princeton Drive SE
$ 450,000
Back to search
Share Save

309 Princeton Drive SE

Albuquerque, NM, 87106
$ 450,000
Bedrooms2 Baths1.0 Sq 2,476

Monthly Estimate*

$ 2,807

309 Princeton Drive SE, Albuquerque, NM 87106 - Image 1
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Multi-Family Home for sale in Albuquerque, NM

for $450,000 with 2 bedrooms and 1 full bath. This 2,476 square foot home was built in 1926 on a lot size of 0.16.

Fantastic Investment Opportunity in the Highly Desirable UNM Area! This unique property features a 2-bedroom, 1-bath main house plus a separate duplex located behind the home--each unit offering 2 bedrooms and 1 full bath. The duplex is currently rented to reliable, long-term tenants, providing immediate income potential. The main house is ready for renovation with an unfinished kitchen and areas of uneven flooring--perfect for investors or buyers looking to customize and add value. Located just minutes from UNM, Nob Hill, shopping, restaurants, and entertainment, this property offers incredible potential in one of Albuquerque's most sought-after neighborhoods. Cash or rehab loan only. Property sold as-is. Don't miss this opportunity to own an income-producing property with tons of upside!

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Multi-Family Active

Price

$ 450,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 4,155

Style

Lot Size

0.16

Year Built

1926

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1093042
Features
General
Heating Other See Remarks
Cooling Evaporative Cooling
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Free-Standing Electric Range Refrigerator
Year Built 1926
Tenant Pays Electricity Gas
Stories Count 1
Levels One
County Bernalillo
New Construction false
Property Type Residential Income
Subdivision Name University Hts Add
Green Energy Generation None
Status Active
Directions From Girard and Central South on Girard West on Lead South on Princeton to 309 on Right.
City Albuquerque
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description R-ML*
Number Of Units Total 3
MLS Area 42 - UNM South
Lot Size Square Feet 7100
Listing Terms Cash Other See Remarks
Tax Annual Amount 4155.72
Property Condition Resale
Structure Type House
Builder Name Unknown
Standard Status Active
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Interior
Flooring Carpet Tile
Basement (Y/N) false
Air Conditioning Y/N true
Total Bedrooms 2
Unit Type Manager's Unit
Total Baths 1
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Exterior
Number of Buildings 2
Building Area Total 2476
Lot Size Acres 0.16
Lot Size Source Public Records
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* Excluded Features
List By
Stacy A. Ross

Listing Agent

Coldwell Banker Legacy

Broker

stacyrossrealtor@gmail.com

Email

Affordability Calculator

$3,154
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,807
Monthly Property Taxes
$346
Monthly 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/17/2025$450,000 -5.26% Price Down
10/16/2025$475,000 Listed Price

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309 Princeton Drive SE, Albuquerque, NM, 87106 is a Multi-Family Home for sale at $450,000 with 2,476 sqft and a lot size of 0.16. 309 Princeton Drive SE has 2 bedrooms, 1.0 baths, and was built in 1926. The property's zip code is 87106 which is in Albuquerque, NM

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