Downtown Area Homes with Community/Coop Water

Welcome to the vibrant heart of Albuquerque, New Mexico – the Downtown Area! This dynamic neighborhood is not just the city’s commercial hub; it’s a lively tapestry of culture, history, and community. Nestled in Bernalillo County, Downtown Albuquerque boasts an eclectic mix of art galleries, trendy boutiques, and a diverse array of dining options that cater to every palate. From the tantalizing flavors of local New Mexican cuisine to the aromas of international fare, your culinary adventures await just outside your door.

For those seeking a home that embraces both comfort and community, many residences in Downtown offer the unique benefit of community or cooperative water systems. This sustainable approach not only fosters a tight-knit neighborhood atmosphere but also promotes responsible water management, ensuring a reliable resource for all residents.

In addition to the practical benefits, living in Downtown Albuquerque means you’re just steps away from cultural landmarks like the Albuquerque Museum, the historic Route 66, and the bustling Central Avenue, where you can experience local festivals and events throughout the year. The area is also well-connected with public transportation options, making it easy to explore the broader Albuquerque region.

Whether you’re a first-time homebuyer or looking to invest in a vibrant community, the Downtown Area offers a unique blend of urban living and natural beauty. With its rich history, welcoming atmosphere, and an array of amenities, this is more than just a place to live; it’s a place to thrive. Embrace the charm of Downtown Albuquerque – your new home awaits!

Newest Downtown Area Homes with Community/Coop Water

$1,390,000

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open

517 1st Street 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.