$295,000
$242/sqftactive1709 Walter Street SE, Albuquerque, NM 87102
Beds
2
Baths
2
Sqft
1,219
Lot
5,532 sqft
Built
1930
Type
multi family
About This Property
Investment opportunity with built-in income and exciting future flexibility. This updated two-unit property offers options to maintain as a fully occupied rental, potentially occupy one unit while renting the other as leases permit, or explore a future multigenerational living arrangement. The front studio is leased at $775 through 11/30/26, and the rear 2BR/1BA is rented month-to-month at $1,320, producing current gross income of $2,095/month. Seller-reported improvements completed from 2022-2026 include ductless heat-pump systems, sewer-line work, Unit B electrical-panel and gas-line upgrades, Unit A metal roof, tankless water heater, insulation, kitchen and bath updates, flooring and xeriscaping. Gas and electric are separately metered and tenant-paid; owner pays water, sewer and trash. Four confirmed off-street parking spaces plus potential additional tandem parking. City certification dated 5/2/22 supports the existing two-unit use as legally nonconforming. Both units occupied. APOD and tenant-free rent roll available. Buyer to verify square footage, zoning/use, financing, leases, parking configuration and suitability for intended use.
Features & Amenities
Property Details
| MLS # | 1108732 |
| Property Type | multi family |
| Year Built | 1930 |
| Heating | Ductless,Electric,HeatPump |
| Cooling | Ductless,HeatPump,Refrigerated |
| Lot Size | 5,532 sqft |
| Property Tax (est.) | $2,576/yr ($215/mo) |
| Price / Sqft | $242 |
| Status | Active |
| Days on Market | 0 |
About Downtown / EDo → Full Guide
Price vs. Neighborhood
This home
Downtown / EDo median
12% below the Downtown / EDo median. Homes here sell in an average of 38 days.
Commute Times
Unm
8 min
Downtown
0 min
Abq Studios
18 min
Sandia Labs
20 min
Kirtland Afb
15 min
Presbyterian
5 min
Intel Rio Rancho
30 min
Nearby Schools
Albuquerque High School
9-12 · APS
Longfellow Elementary
K-5 · APS
Washington Middle School
6-8 · APS
Neighborhood Guide
Explore Downtown / EDo
Urban & Revitalizing
Listing courtesy of Realty One Group Concierge. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.

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