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Barelas Multifamily Homes & Duplexes for Sale

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  • /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
  • /39

    $460,000

    • 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
  • /6

    $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
  • /22

    $509,000

    • 1 Bed
    • 1 Bath
    • 2,416 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
  • /18

    $360,000

    • 1 Bed
    • 1 Bath

    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
  • /19

    $395,000

    • 2 Beds
    • 1 Bath

    1100 10th St SW, Albuquerque, NM 87102

    Investment opportunity in an up-and-coming neighborhood just minutes from the zoo, downtown, and city hotspots! This income-producing duplex offers two spacious 2-bedroom, 1-bath units--perfect for long-term tenants or short-term rental potential. Situated on a generous lot with room to expand or create outdoor living spaces, this property has long-term upside. Don't miss your chance to own a

    RYAN GUTIERREZ Realty One of New Mexico

    1100 10th St 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
  • /44

    $399,000

    • 3 Beds
    • 2 Baths
    • 1,165 Sq Ft

    902 Coal Ave SW, Albuquerque, NM 87102

    Front unit 1123 sf, casita 552 sf (per appraisal)! Perfect for investors or multi-gen living. Remodeled and fully furnished, this turnkey-ready gem includes a spacious 3BR/1.5BA unit and a cozy 1BR/1BA unit--both move-in ready! Great rental or short-term income potential near downtown ABQ. Live in one unit and rent the other, or maximize returns with both. Owner financing available with

    Vinette Graham Coldwell Banker Legacy

    902 Coal Ave SW, Albuquerque, NM 87102

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.

Home Trends in Barelas, NM

Housing Trends

Median Sale Price
$289,900
Median Single Family Sale Price
$289,900
Median 2 Bedroom Sale Price
$292,000
Average Price Per Sq Ft
$244
Number of Homes for Sale
13
Last 12 months Home Sales
27
Months of Supply
5.80
Median List Price
$293,250
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
4%
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