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Barelas Multifamily Homes & Duplexes for Sale

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  • 313 Iron Ave SW, Albuquerque, NM 87102
    313 Iron Ave SW, Albuquerque, NM 87102
    313 Iron Ave SW, Albuquerque, NM 87102
    /3

    $1,000,000

    • 3 Beds
    • 1 Bath
    • 5,603 Sq Ft

    313 Iron Ave SW, Albuquerque, NM 87102

    Well kept property that has been in the same family for over 100 years. Call Listing agent for showing. Must give 48 hrs notice.

    Tim Luten Sperry Van Ness/WACB, Inc.

    313 Iron Ave SW, Albuquerque, NM 87102
  • 501 3rd St SW, Albuquerque, NM 87102
    501 3rd St SW, Albuquerque, NM 87102
    501 3rd St SW, Albuquerque, NM 87102
    /27

    $450,000

    • 2 Beds
    • 2 Baths

    501 3rd St SW, Albuquerque, NM 87102

    Stunning 2BR/2BA home in Downtown Albuquerque with rare MX-L zoning. An ideal property for living, vacation rental, or business. Designed by a local artist in a dramatic ''Moody Desert Victorian'' style with copper-painted ceilings, stained glass, and a hidden bookcase door to the primary suite. Brand new metal roof, private jacuzzi, secure gated parking, and privacy fencing. Walk to top dining,

    Julie Turner Realty One Group Concierge

    501 3rd St SW, Albuquerque, NM 87102
  • 1207 Barelas Rd SW, Albuquerque, NM 87102
    1207 Barelas Rd SW, Albuquerque, NM 87102
    /2

    $355,000

    • 1 Bed
    • 1 Bath
    • 2,120 Sq Ft

    1207 Barelas Rd SW, Albuquerque, NM 87102

    Income-producing triplex in the heart of Albuquerque's walkable Barelas neighborhood! This well-maintained property features three units, each with off-street parking and private yards. One unit was fully renovated in 2025 with stylish updates and new mini-splits. Located just minutes from the zoo, parks, and the Barelas Community Center with free amenities. Three units are currently

    Tim Nisly Realty One of New Mexico

    1207 Barelas Rd SW, Albuquerque, NM 87102
  • 1203 Barelas St SW, Albuquerque, NM 87102
    1203 Barelas St SW, Albuquerque, NM 87102
    /2

    $175,000

    • 677 Sq Ft

    1203 Barelas St SW, Albuquerque, NM 87102

    Charming and affordable, this cozy home in the heart of Barelas is perfect for first-time buyers or savvy investors. Enjoy the benefits of off-street parking, a private yard, and updated features including newer vinyl windows and a modernized kitchen. Located in a walkable neighborhood near the zoo, local parks, and the Barelas Community Center--offering free amenities--this home offers comfort,

    Tim Nisly Realty One of New Mexico

    1203 Barelas St SW, Albuquerque, NM 87102
  • 1203, 1207 Barelas Rd SW, Albuquerque, NM 87105
    1203, 1207 Barelas Rd SW, Albuquerque, NM 87105
    /2

    $509,000

    • 1 Bed
    • 1 Bath
    • 2,797 Sq Ft

    1203, 1207 Barelas Rd SW, Albuquerque, NM 87105

    Excellent income-producing 4plex in Albuquerque's vibrant and walkable Barelas neighborhood! This unique property includes a well-kept triplex plus a detached casita, each unit offering off-street parking and private yard space. One unit fully renovated in 2025 with modern finishes and new mini-splits and available for showings. Located just steps from the zoo, parks, and the Barelas Community

    Tim Nisly Realty One of New Mexico

    1203, 1207 Barelas Rd SW, Albuquerque, NM 87105
  • 615 Iron Ave SW, Albuquerque, NM 87102
    615 Iron Ave SW, Albuquerque, NM 87102
    615 Iron Ave SW, Albuquerque, NM 87102
    /74

    $1,600,000 New Construction

    • 2 Beds
    • 2 Baths
    • 6,148 Sq Ft

    615 Iron Ave SW, Albuquerque, NM 87102

    NOW COMPLETE!!! CAP Rate 7.5% Sound Investment Opportunity. 3 Story Units with Luxury Amenities and Design. 2 bedroom 2 baths constructed by experienced, Sierra Hacienda Builders. See renderings.

    Thomas Gallegos Berkshire Hathaway NM Prop

    615 Iron Ave SW, Albuquerque, NM 87102
New Mexico Bernalillo County Albuquerque Barelas

Multi-Family Homes & Duplexes for Sale in Barelas, Albuquerque

Why Live in Barelas
Barelas, a historic neighborhood in Albuquerque, is known for its early 20th-century bungalows, cottages, ranch-style homes, and newer single-family homes and townhouses. Some properties feature casitas, adding to the neighborhood's charm. Barelas Park, recently renovated in 2023, includes a new multiuse court, playground, and promenade, with future plans for pickleball courts and outdoor exercise equipment. The ABQ BioPark Zoo, part of a larger complex with an aquarium, botanic garden, and Tingley Beach, offers numerous attractions. The Barelas-South Fourth Street Historic District, part of the historic Route 66, is home to long-standing businesses like El Modelo Mexican Foods and Barelas Coffee House. The National Hispanic Cultural Center hosts events such as the Festival Flamenco Albuquerque and the Cesar Chavez Fiesta. The Albuquerque Rail Yards, undergoing redevelopment, features the Wheels Museum and the Rail Yards Market. Transportation options include fare-free ABQ RIDE buses, the New Mexico Rail Runner Express, and proximity to Albuquerque International Sunport, about 5 miles away. Albuquerque High School is highly rated, providing quality education for local students.
Learn more about living in Barelas

Home Trends in Barelas, NM

On average, homes in Barelas, Albuquerque sell after 58 days on the market compared to the national average of 52 days. The median sale price for homes in Barelas, Albuquerque over the last 12 months is $289,900, up 7% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$289,900
Median Single Family Sale Price
$284,950
Median Townhouse Sale Price
$422,000
Average Price Per Sq Ft
$250
Number of Homes for Sale
10
Last 12 months Home Sales
28
Months of Supply
4.30
Median List Price
$295,500
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
7%
How to Buy a Home How to Finance a Home How to Sell a Home

In Barelas, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $175,000 to $1,600,000, there's something for every budget. As of September, 2025 the median home price in Barelas, Albuquerque is $295,500, while the average sale price is $283,150, providing insight into local market trends. On average, multi-family homes spend 58 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Barelas, Albuquerque.

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