$545,000

121 TERRACE Street SE, Albuquerque, NM 87106

1 bed |
1 bath |
3,450 sqft

Multi-Family Home
Built in 1955
3,485sqft lot
—— car garage
$158/sqft
Listed 5 months ago

Property Description

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.

Listing Status:: Pending
Date Added:: June 3, 2025 at 05:00AM
Listing Office:: Maddox & Co/REALTORS : (505) 764-0400
Listing Agent:: Katherine Carpenter : (505) 228-0292
MLS ID:: 1085186

Appliances: Free-Standing Gas RangeRefrigerator
Flooring: LaminateVinylWood
A/C: Window Unit(s)
Heating: Floor FurnaceWall Furnace
Disability Feature: None
Eco/Green Feature: None

General: BlockFrame1

Originating MLS: SWMLS_SWMLS
County: Bernalillo

Zoning: 101505744527210607

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Source: SWMLS_SWMLS

This listing courtesy of Katherine Carpenter, Maddox & Co/REALTORS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Monte Vista Elementary School

3211 Monte Vista Blvd NE, Albuquerque, NM, 87106

Grades KG-5

0.82 miles away

Jefferson Middle School

712 Girard Blvd NE, Albuquerque, NM, 87106

Grades 6-8

0.88 miles away

College and Career High School

525 Buena Vista Dr SE, Albuquerque, NM, 87106

Grades 9-12

0.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.