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Fairgrounds Multifamily Homes & Duplexes for Sale

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  • 1414 California St NE, Albuquerque, NM 87110
    1414 California St NE, Albuquerque, NM 87110
    1414 California St NE, Albuquerque, NM 87110
    /59

    $699,000

    • 5 Beds
    • 3.5 Baths
    • 3,247 Sq Ft

    1414 California St NE, Albuquerque, NM 87110

    Angelo Mora Caruso Realty, LLC

    1414 California St NE, Albuquerque, NM 87110
  • 236 San Pablo St NE, Albuquerque, NM 87108
    236 San Pablo St NE, Albuquerque, NM 87108
    236 San Pablo St NE, Albuquerque, NM 87108
    /17

    $358,000

    • 2 Beds
    • 1 Bath
    • 2,760 Sq Ft

    236 San Pablo St NE, Albuquerque, NM 87108

    This 4 Plex is an Incredible investment opportunity in a sought after area of town, with a large tenant base. Pride of ownership shows with recent maintenance and beautiful wood floors. 236 & 240 San Pablo share a common area in the center of the property and are the perfect pair for purchase. Current ownership has maintained tenants and steady growth in income, also doing some recent repairs

    Steffan Walters Jason Mitchell RE NM

    236 San Pablo St NE, Albuquerque, NM 87108
  • 240 San Pablo St NE, Albuquerque, NM 87108
    240 San Pablo St NE, Albuquerque, NM 87108
    240 San Pablo St NE, Albuquerque, NM 87108
    /17

    $358,000

    • 2 Beds
    • 1 Bath
    • 2,760 Sq Ft

    240 San Pablo St NE, Albuquerque, NM 87108

    This 4 Plex is an Incredible investment opportunity in a sought after area of town, with a large tenant base. Pride of ownership shows with recent maintenance and beautiful wood floors. 236 & 240 San Pablo share a common area in the center of the property and are the perfect pair for purchase. Current ownership has maintained tenants and steady growth in income, also doing some recent repairs

    Steffan Walters Jason Mitchell RE NM

    240 San Pablo St NE, Albuquerque, NM 87108
  • 530 Tennessee St NE, Albuquerque, NM 87108
    530 Tennessee St NE, Albuquerque, NM 87108
    530 Tennessee St NE, Albuquerque, NM 87108
    /35

    $453,550

    • 2 Beds
    • 1 Bath
    • 3,592 Sq Ft

    530 Tennessee St NE, Albuquerque, NM 87108

    Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. A recently vacated unit is available for an owner-occupant and with an ask price of the current average rents of $1,050, and an ask price of $453,550 the measures of investment performance include a price per unit of $113,387, price per square foot of $126.27, a GRM of 9.00, an

    Todd Clarke NM Apartment Advisors, Inc.

    530 Tennessee St NE, Albuquerque, NM 87108
  • 335 Espanola St NE, Albuquerque, NM 87108
    335 Espanola St NE, Albuquerque, NM 87108
    335 Espanola St NE, Albuquerque, NM 87108
    /7

    $930,000

    • 1 Bath
    • 7,500 Sq Ft

    335 Espanola St NE, Albuquerque, NM 87108

    Back on the market after multiiple offers.This property has recent appraisal with a today value of $930,000 and a future value of $1,070,000 and is approved for a loan from the Ventana Fund with a term sheet that includes 80% loan to value, 5.35% interest rates. Lender would require approval of the Buyer(s).

    Todd Clarke NM Apartment Advisors, Inc.

    335 Espanola St NE, Albuquerque, NM 87108
  • 532 Tennessee St NE, Albuquerque, NM 87108
    532 Tennessee St NE, Albuquerque, NM 87108
    532 Tennessee St NE, Albuquerque, NM 87108
    /47

    $455,211

    • 2 Beds
    • 1 Bath
    • 3,592 Sq Ft

    532 Tennessee St NE, Albuquerque, NM 87108

    Todd Clarke NM Apartment Advisors, Inc.

    532 Tennessee St NE, Albuquerque, NM 87108
New Mexico Albuquerque Fairgrounds

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

Why Live in Fairgrounds
Fairgrounds, a suburban neighborhood in Albuquerque, is situated approximately 7 miles east of downtown. This area offers convenient access to shopping, dining, and the University of New Mexico, all while providing scenic views of the Sandia Mountains. The neighborhood is home to over 16,000 residents, including singles, families, and older adults, who appreciate the proximity to malls and major companies like Amazon and Facebook. The local housing market features midcentury ranch- and Pueblo Revival-style homes built between the 1950s and 1985, as well as newer Craftsman-style homes constructed from the early 2010s onward. These homes typically have earth-toned stucco exteriors, flat roofs, and two-car garages, with some properties featuring fenced yards. Fairgrounds boasts a variety of things to do, including family-friendly events, parks, and dining options. Jerry Cline Park offers soccer fields, tennis courts, and a playground, along with a 1-mile gravel trail. The Downs Racetrack & Casino, located about a mile south, hosts horse races, blackjack, and live entertainment. For dining, Christy Mae’s Restaurant and Humble Coffee Company are popular local spots. The Winrock Town Center shopping mall, 2 miles north, provides additional retail and dining options. Main thoroughfares like Lomas, Louisiana, and San Mateo Boulevards facilitate easy commutes, with rush hour times averaging 15 minutes. Public transportation is available via Albuquerque RIDE buses, and bike lanes are present along the eastern border. The Presbyterian Kaseman Hospital is 2 miles northeast, and Albuquerque International Sunport is about 7 miles southwest.
Learn more about living in Fairgrounds

Home Trends in Fairgrounds, NM

On average, homes in Fairgrounds, Albuquerque sell after 46 days on the market compared to the national average of 51 days. The median sale price for homes in Fairgrounds, Albuquerque over the last 12 months is $285,000, up 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$285,000
Median Single Family Sale Price
$290,000
Median 2 Bedroom Sale Price
$115,000
Average Price Per Sq Ft
$189
Number of Homes for Sale
21
Last 12 months Home Sales
124
Months of Supply
2.00
Median List Price
$300,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%
How to Buy a Home How to Finance a Home How to Sell a Home

In Fairgrounds, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $358,000 to $930,000, there's something for every budget. As of July, 2025 the median home price in Fairgrounds, Albuquerque is $300,000, while the average sale price is $283,902, providing insight into local market trends. On average, multi-family homes spend 46 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 Fairgrounds, Albuquerque.

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