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.
For sale
$545,000
121 Terrace St SE, Albuquerque, NM 87106
6beds
6baths
3,450sqft
Est.:
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$158/sqft
$-- HOA
What's special
Basement for storageScreened front porchesHardwood floors
- 68 days
- on Zillow |
- 377 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: June 23, 2025 at 03:07pm
Listed by:
Katherine Carpenter 505-228-0292,
Maddox & Co/REALTORS 505-764-0400,
Liska Maddox 505-270-5798,
Maddox & Co/REALTORS
Source: SWMLS,MLS#: 1085186

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Floor Furnace, Wall Furnace
Cooling
- Window Unit(s)
Appliances
- Included: Free-Standing Gas Range, Refrigerator
Features
- Flooring: Laminate, Vinyl, Wood
- Has basement: Yes
Interior area
- Total structure area: 3,450
- Total interior livable area: 3,450 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,484.8 Square Feet
Details
- Parcel number: 101505744527210607
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Frame
Condition
- Resale
- New construction: No
- Year built: 1955
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Storage Facilities
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $67,154
- Annual tax amount: $944
- Date on market: 6/3/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
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