Albuquerque Homes under $500,000

Welcome to Albuquerque, New Mexico—where the enchanting beauty of the Southwest meets vibrant urban living. Nestled in Bernalillo County, Albuquerque is a city rich in culture, history, and breathtaking landscapes. Known for its stunning sunsets and the majestic Sandia Mountains, this city offers a unique blend of outdoor adventure and urban convenience.

Albuquerque is celebrated for its diverse neighborhoods, each with its own charm and character. From the historic Old Town with its adobe buildings and cultural landmarks to the modern developments in the Northeast Heights, there’s a perfect home waiting for everyone. The city's eclectic arts scene, delicious cuisine, and year-round festivals, including the famous Albuquerque International Balloon Fiesta, ensure that residents have a vibrant lifestyle at their fingertips.

For those seeking their dream home without breaking the bank, Albuquerque offers an impressive selection of properties under $500,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you’ll find a variety of options, including cozy single-family homes, stylish townhouses, and inviting condos. Many of these homes boast beautiful yards, modern amenities, and proximity to parks, schools, and local attractions.

With a cost of living that’s lower than the national average, Albuquerque is not only an appealing place to live but also a smart investment. Come explore the possibilities in this dynamic city, where your dream home awaits amidst the stunning backdrop of the Land of Enchantment!

Newest Albuquerque Homes under $500,000

$340,000

2 Beds ⋅ 2 Baths

Property is Occupied. Occupants are not to be disturbed or contacted. Property is being sold occupied with any and all occupants in AS IS/WHERE IS condition. Please DO NOT disturb the occupants. Access for inspections or other purposes is NOT available. Buyer is assuming ALL responsibility for any action after closing to remove occupants. Property being sold in as is condition. No warranties expressed or implied.

2104 Madeira Drive NE, Albuquerque

$425,000

3 Beds ⋅ 2 Baths

**PHENOMENAL ENERGY-EFFICIENT HOME | NEARLY $85,000 IN UPGRADES | OWNED SOLAR | BETTER-THAN-NEW FEEL!** Stunning, beautifully remodeled, and impeccably maintained, this extraordinary home offers the perfect combination of sophisticated style, exceptional comfort, and remarkable energy efficiency! An impressive $25k+ in 2026 improvements and over $57k in original owner&builder upgrades create a fresh, contemporary feel throughout!**WARM, INVITING INTERIORS & BEAUTIFUL ARCHITECTURAL DETAILS!** Abundant natural light, soaring cathedral ceilings, charming nichos, custom tile flooring throughout, and Solatube skylights create a bright, welcoming atmosphere! No carpet! A wonderful covered front porch with a beautiful wood ceiling introduces the home's inviting character.**FABULOUS OPEN-CONCEPT LIVING!** The spacious Great Room features a cozy gas fireplace, dramatic cathedral ceilings, and a designer ceiling fan, flowing seamlessly into the beautifully appointed kitchen! Gorgeous granite countertops, upgraded Shaker cabinetry, a decorative glass-tile backsplash, and stainless steel appliances, including a fabulous 6-burner gas range! A large walk-in pantry provides exceptional storage, complemented by custom marble-topped storage cabinetry that can be removed to create additional space!**VERSATILE FLEX SPACE!** The wonderful nearly 15' x 15' front living room offers endless possibilities as a home office, art studio, hobby room, potential 4th bedroom, or whatever best suits your lifestyle!**LUXURIOUS OWNER'S RETREAT!** This spacious, private sanctuary features a cathedral ceiling, direct patio access, and TWO walk-in closets! The beautifully appointed bath offers two separate sink areas, a dedicated seated vanity, and a generous walk-in shower. **Two additional bedrooms feature attractive tile flooring, while the hall 3/4 bath offers a convenient privacy door separating the vanity from the shower and toilet area.**EXCEPTIONAL OUTDOOR LIVING!** Extend your living and entertaining space onto the magnificent 285 SF covered patio, beautifully finished with a wood ceiling and designer ceiling fans! Accessible directly from the Great Room, this fabulous retreat is ideal for relaxing, dining, and entertaining year-round! An additional open patio provides even more opportunities to enjoy the glorious NEW MEXICO SUNSHINE! The generous .21-acre corner lot showcases beautiful, professionally designed xeriscaping for attractive, low-maintenance landscaping!**EXTENSIVE UPGRADES & METICULOUS CARE!** More than $25k in 2026 improvements, including fresh interior paint, sophisticated designer lighting, oil-rubbed bronze fixtures, stylish cabinet hardware, and numerous thoughtful enhancements, create an exceptional move-in-ready home! PLUS, the original owner invested approximately $57k in owner&builder upgrades and maintained the property with remarkable care! See UPGRADE List in Documents!**2026 ROOF REFRESH!** New Silicone roofing over the patio areas, plus maintenance of the existing shingle roof!An oversized 566 SF finished garage offers generous storage and room for a workshop!**EXTREME GREEN LIVING & IMPRESSIVE ENERGY SAVINGS! Built in 2012 by Paul Allen, this BUILD GREEN NM GOLD STAR-certified energy-efficient home features excellent insulation, thoughtful energy-conscious construction, and OWNED SOLAR PANELS! Enjoy lower utility bills, enhanced comfort, and long-term efficiency!FANTASTIC LOCATION! Situated in a sought-after neighborhood near parks, schools, shopping, medical facilities, & everyday conveniences! Excellent access to Rio Rancho amenities, Downtown Albuquerque, and Santa Fe!AN EXCEPTIONAL OPPORTUNITY TO ENJOY BEAUTIFUL DESIGN, QUALITY UPGRADES, LOW-MAINTENANCE LIVING & OUTSTANDING ENERGY EFFICIENCY

11012 Opalo Drive NW, Albuquerque

$270,000

3 Beds ⋅ 2 Baths

*Kept, cared for, and move-in ready!* Beautiful front and back landscaping will invite you home every time. The front yard apple tree fruited well this year and wants to be involved with your future apple pies! But let's be practical. This home has received ClimaTech Elite professionally installed windows plus sliding door in the Fall of 2025. It received a new roof the Summer of 2021 along with a new Master Cool unit. The water heater was replaced in 2020. A new garage door and opener were installed just this year. Interior perks would be a newer dishwasher, newer stainless steel refrigerator, some new lighting fixtures, plus new flooring in the kitchen, dining, and both baths. The neighbors are kind and supportive. This home is a winner all around! Come and see for yourself.

2312 Desert Wood Drive SW, Albuquerque

$350,000

3 Beds ⋅ 2 Baths

Fully remodeled 3 bed, 2 bath on 1,632 sq ft in NE Albuquerque, ready for its next owner! The updated kitchen features new shaker cabinets, quartz countertops, new stainless appliances with range hood, and LVT flooring. Both bathrooms have new tile, flooring, toilets, and fixtures. Two living areas give you room to spread out: a spacious living room, plus a family/dining room with a wood-burning fireplace and sliders to the covered back patio. Refurbished hardwood floors run throughout, along with new interior paint, new doors, new lighting, and ceiling fans. The neutral palette feels fresh and bright. The makeover continues outside with new stucco paint, updated fascia, a covered front porch, and clean front and back yards. Refrigerated air, an interior laundry room, and an attached garage. Come see it today!Some photos have been virtually staged.

4016 Ponderosa Avenue NE, Albuquerque

$350,000

3 Beds ⋅ 2 Baths

Discover comfortable living in NW Albuquerque! Situated on a quiet cul-de-sac, this home sits on a spacious 0.24-acre lot featuring backyard access and plenty of room for storage. A versatile bonus room offers the perfect space for a home office, craft room, or hobby area. Enjoy convenient access to shopping, schools, a golf course, and nearby parks. With a desirable location and flexible space to fit your needs, this property is a wonderful opportunity to enjoy all that NW Albuquerque has to offer. Schedule your showing today!

10125 Furman Court NW, Albuquerque

1405 Willys Knight Drive NE, Albuquerque

$267,000

3 Beds ⋅ 3 Baths

This single-level home offers unique character, wonderful built-ins, and a desirable NE Heights location! Conveniently located near biking and hiking trails, Kirtland Air Force Base, Sandia National Labs, I-40, and the Manzano Multi-Generational Center. The living room features a wood-burning stove and distinctive stonework that extends into the dining area, creating a unique focal point. A second living area provides additional space, while built-in shelving and cabinetry offer plenty of storage. The primary suite features organized closet space and a private A3/4 bath with a vessel sink and tiled shower. Two additional bedrooms and a full hall bath complete the interior. The spacious backyard features a covered patio, open deck, and mature pine tree providing shade. This home is in need of significant repairs and improvements but offers great potential for buyers with the vision to restore its charm and make it their own. Cash or conventional financing only.

1405 Willys Knight Drive NE, Albuquerque

$424,900

3 Beds ⋅ 2 Baths

This Beautiful Updated Home located in NE Heights Uptown Area Features 3 bedrooms 2 Baths and 2 Living Areas with a fireplace Upgrades Fresh Paint (inside & out) Tile, Laminate flooring, Carpet, Kitchen Cabinetry, Stainless Steel Appliance Package, Disposal, Water Heater, Fixtures, Bathrooms, Window Coverings, Electrical Service Upgrade, Garage Door & Opener, And Refrigerated Air Unit Heating Combo System, Close to shopping, schools and parks. This home is ready for its New Owners!!

1705 Utah Street NE, Albuquerque

$399,900

2 Beds ⋅ 1 Baths

Quintessentially Nob Hill! Located at the apex where College View meets Monte Vista meets Nob Hill, 312 Carlisle Bl NE is an extremely well-maintained Pueblo-style home with beautiful yards + charm and style in abundance. Flagstone path leads to a custom wood gate into the front courtyard with raised planter beds and a professionally stuccoed courtyard wall. Inside is a welcoming entry with decorative floor tile, original oak floors, living room with kiva wood-burning fireplace, dining room, two bedrooms (one with custom closet system), and recently remodeled bathroom with designer tile, stainless-steel hardware, and lighted medicine cabinet. Kitchen offers Haier-brand refrigerator and dishwasher + KitchenAid gas range/oven, and quartz countertops. A large east-facing backyard offers pergola for entertaining and lush landscaping, along with storage shed and 1-car garage both in matching and complimentary colors. Recent updates/upgrades include HVAC unit and water heater. Basement provides room for storage as well as sump pump, washer/dryer and freezer. Vinyl thermal windows. Gated driveway. Just steps from Nob Hill with easy access to UNM via Campus Boulevard.

312 Carlisle Boulevard NE, Albuquerque

$265,000

3 Beds ⋅ 1 Baths

Lovely Home in Adobe Acres!Full of charm and character, this 1,663-square-foot home offers a wonderful blend of modern style and everyday comfort. The bright and welcoming floor plan flows seamlessly from one space to the next, showcasing newer terrazzo-look tile, stylish bathroom tile and fixtures, designer lighting, and tasteful finishes throughout. The inviting kitchen features stainless-steel appliances, a gas range, and a delightful coffee bar, while the formal dining room is ready for everything from cozy dinners to lively game nights. Cozy up beside the classic brick wood-burning fireplace on chilly evenings in the spacious den, complete with charming brick flooring. Situated on a generous .23-acre lot, the property offers plenty of outdoor space, including a lovely garden and garden boxes ready for your favorite flowers, herbs, or vegetables. Lovingly cared for and filled with special touches, this home is brimming with personality, warmth, and timeless charm in the heart of Albuquerque's South Valley!

1743 Van Court SW, Albuquerque

$230,000

4 Beds ⋅ 1 Baths

Wonderful home in the heart of the south Broadway Corridor. Very nice 4 bedroom home with a separate dining room and nice kitchen. ***washer and dryer, refrigerator and Freezer don't convey.Use contractor box on wrought iron windowcode is 1098

406 Smith Avenue SE, Albuquerque

$275,000

2 Beds ⋅ 1 Baths

Move-in ready and updated throughout! This Bel Air midtown home has had the big-ticket work done: a new TPO roof with transferable warranty, newer water heater, newer thermal windows, and a gas floor furnace with all updated parts, including a new heat exchanger. Refrigerated mini-split A/C's, a wood-burning stove, newly sanded and refinished hardwood floors, updated bathroom, and fresh interior and exterior paint. The 2BR/1BA layout offers 879 sf, plus a flex room that's perfect for an office, den, or hobby space.Outside, the oversized 0.18-ac lot is a standout. Enjoy a private, walled and fenced backyard with both side-yard and back-alley access, two exterior sheds for storage or projects, a carport, and low-maintenance front landscaping.Groceries, errands, and neighborhood parks are all close. Coronado Center, ABQ Uptown, and a wide mix of shops, restaurants, and theaters for dinner, a movie, or a weekend shopping day. No HOA!

2824 Quincy Street NE, Albuquerque

$315,000

3 Beds ⋅ 3 Baths

Welcome to 10655 McMichael Lane SW, a spacious and inviting two-story home perfectly positioned on a desirable corner lot in The Orchards at Anderson Heights. Offering 3 bedrooms, 2.5 bathrooms, and a versatile upstairs loft, this home combines comfortable living with plenty of space to make your own.Step inside to a bright, open-feeling floor plan filled with natural light. The main level features generous living and dining areas with attractive wood-look flooring that flows into the kitchen. The kitchen offers abundant cabinetry, plenty of counter space, a center island, and easy access to the backyard perfect for everyday living and entertaining.Upstairs, you'll find three comfortably sized bedrooms along with a loft that provides valuable additional living space and can easily serve as a home office, media area, playroom, or second family room. The spacious primary bedroom enjoys abundant natural light from multiple windows.Additional highlights include refrigerated air for year-round comfort, solar panels for added energy efficiency, and a roof that is approximately five years old.The large, fully walled backyard is a blank canvas with mature trees and plenty of room to create your own outdoor retreat, whether you envision a covered patio, garden, play area, outdoor kitchen, or entertaining space. Being situated on a corner lot adds to the home's appeal and sense of space.The Orchards at Anderson Heights offers even more to enjoy, including a clean and well-maintained community pool and neighborhood park, great amenities for relaxing, recreation, and enjoying the outdoors close to home.Conveniently located near shopping, schools, parks, restaurants, and major roadways, this home offers a great combination of space, neighborhood amenities, and accessibility. Come discover the potential of 10655 McMichael Lane SW and make this Albuquerque home your own!

10655 McMichael Lane SW, Albuquerque

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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.