$291,647Average Value$269Average Price per Sq Ft10Homes For Sale
Residential neighborhood near downtown and two interstates
Wells Park is a mostly residential neighborhood sandwiched between downtown Albuquerque and the city’s iconic Old Town. The neighborhood is becoming a destination in its own right with popular New Mexican restaurants, parks undergoing major upgrades and new residents who are renovating the neighborhood’s older homes. “It’s a redeveloping area where a lot of younger people are buying,” says Toby Atencio, the owner and qualifying broker of the Lobo Realty Group. “It’s close to downtown and the Old Town area, and there’s a lot of stuff to do in Old Town.” Its proximity to the confluence of Interstate 40 and Interstate 25 adds to its appeal as well, offering convenient travel to other parts of the city and the state.
New Mexican cuisine and hatch chile-marinated beef jerky
Though it’s close to downtown and Old Town Alburquerque, the Wells Park neighborhood is home to its own set of well-known restaurants. Cocina Azul’s extensive menu consists of New Mexican dishes and Southwest-inspired burgers. What began as a small drive-in, Monroe’s has expanded to two locations that serve New Mexican breakfast plates and house specialties like seafood enchiladas, fajita quesadillas and the restaurant’s famous chile stew. Its website even provides recipes to some of the restaurant’s dishes so fans can make their favorites at home. New Mexico Beef Jerky Company crafts its famous carne seca, which is marinated with red and green hatch chiles before it’s dried. They also serve a selection of traditional New Mexican dishes and pastries. Lowe’s Corner Market, which is about a mile away from the neighborhood, has groceries and other essentials.
New additions to Wells Park coming in 2025
Wells Park—the neighborhood’s namesake green space—is home to a shaded playground, a stage, a splash pad and the Jonny Tapia Community Center. “They have indoor courts for the community to have league games,” Atencio says. “And they do programs for kids during the summer, too.” Following the trend of redevelopment across the neighborhood, the park is undergoing a $7.7 million renovation, which is projected to be completed in 2025. Expected additions include large- and small-breed dog parks, a picnic area with a lawn, shelter and a food truck parking lane, added visitor parking spaces and multifunctional athletic courts for basketball, pickleball, badminton, futsal and roller derby.
Adobe-inspired homes with prices contingent on updates
The Wells Park neighborhood largely consists of bungalows built before 1950 with Craftsman or Adobe architectural influences. Many are constructed in a sandy color palette that echoes the area’s natural environment, and while mature trees shade many front yards, grass is a rare sight. Most homes range from $100,000 to $335,000 in price, depending on their condition and recent updates. Roughly half of neighborhood residents rent their homes, and with its proximity to the center of town, Wells Park has a CAP Index crime score of 9 out of 10.
Near the intersection of interstates 25 and 40
Interstate 40, also known as the Coronado Freeway, borders the northern side of the neighborhood. One of the region’s largest thoroughfares, it traverses the entire state from east to west. Interstate 40 also connects with Interstate 25 near the neighborhood, and the latter runs through New Mexico longitudinally. Several ABQ RIDE buses stop throughout the neighborhood, running to downtown Albuquerque and other parts of the city. Fare is now free for riders.
Mariachi ensemble and Spanish biliteracy at Albuquerque High
Local children may start their K-12 journeys at Reginald Chavez Elementary School and Washington Middle School, both of which earn C grades from Niche. They may then move forward to Albuquerque High School, which earns an A-minus. Students may join advanced subject-focused groups, like the National Honor Society, National Art Honor Society, International Thespian Society and National Spanish Honor Society. Those striving to master a second language can enroll in the school’s bilingual program, which includes both native English and Spanish speakers. Albuquerque High’s music program includes ensembles like band, orchestra and choir, as well as guitar and mariachi.
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Wells Park Demographics and Home Trends
On average, homes in Wells Park, Albuquerque sell after 72 days on the market compared to the national average of 55 days. The median sale price for homes in Wells Park, Albuquerque over the last 12 months is $335,000, up 14% from the median home sale price over the previous 12 months.
Prime downtown Albuquerque development opportunity at 601 Aspen Ave NW. This .33-acre corner lot at 6th & Aspen is flat, cleared, and ready to build immediately. Included is a 60' x 80' (4,800 SF) prefabricated office/warehouse with 21' peak height. Fully approved plans and permits from the City of Albuquerque are already in place--start construction tomorrow. Zoned NR-LM (Non-Residential Light
THE SELLERS ARE MOTIVATED AND OPEN TO ALL REASONABLE OFFERS! A rare opportunity to purchase an investment property in a central location with 2 houses on 3 lots. Conveniently located with easy access to I-40 and downtown. Plenty of parking with additional backyard access through alley with gate. Redevelopment potential due to lot size + zoning. Sellers also own 1514 and 1516 3rd Street NW but
Discover this stunning new construction nestled on a spacious 1/2 acre corner lot with mountain and sunset views! Featuring Pella windows and designer lighting throughout, this home boasts custom cabinetry that enhances its elegant design. Perfect for multi-generational living, the in-law suite includes a kitchenette and a separate entrance. Entertain friends at the bar area, complete with a sink
Seller Offering $10K buyer credit with acceptable offer. Built in 2019 and beautifully maintained, this 3-bedroom, 2.5-bath home showcases quality materials and thoughtful design throughout. Conveniently located near downtown Albuquerque, UNM, hospitals, dining, and freeway access, this home features an open-concept layout with wood-look flooring, abundant natural light, and a stylish kitchen
Introducing Academy Casitas, Albuquerque's unique tiny village in the heart of downtown. This 8-unit hacienda-style community sits on a private, scenic .52 acre lot with ample parking and mixed-use zoning. Thoughtfully developed over 20 years, the property blends Southwestern charm with functional design, offering privacy and dedicated outdoor living spaces. Features include an on-site laundry
Wonderful downtown home, completely renovated and positioned on a generous 0.24-acre lot offering space, style, and a prime location. Stylish wood-look laminate floors flow effortlessly throughout the main living areas. A spacious main living area perfect for everyday living. Enjoy a brand-new kitchen with sleek white cabinetry, beautiful granite countertops, stainless steel appliances, and fresh
Beautifully renovated home in the heart of Downtown Albuquerque with a bright, open layout and modern finishes throughout. The spacious kitchen features quartz countertops, stainless steel appliances, and abundant cabinetry for the home chef. The updated bathroom offers a glass-enclosed shower with floor-to-ceiling large-format tile, plus an in-unit washer and dryer. Outside, enjoy a private
Discover the incredible potential of 1504 6th Street, located in the vibrant city of Albuquerque, NM. This charming property boasts beautiful wood floors that add warmth and character throughout the home, creating an inviting and comfortable living space. Step outside to a spacious backyard that is perfect for outdoor enjoyment, whether you want to host gatherings, garden, or simply relax in a
15K PRICE REDUCTION!! If you've been searching for the perfect combination of charm, modern updates, and an unbeatable walkable location, this is the home you've been waiting for. Inside, you'll find three spacious bedrooms, two updated bathrooms, and an inviting floor plan filled with abundant natural light. Thoughtful updates and modern finishes create a warm, move-in-ready space. Step outside
Cute 2 room building ready for an occupant or investor to finish out the inside! So much potential! Due to zoning, buyer may not be able to occupy as a residence. Vacant lot to north of subject property is included in the sale.
Investor special in central Albuquerque! This versatile property offers strong potential for pad-split or rental income with multiple living areas and easy access to UNM, downtown, and I-25. Solid structure ready for updates--ideal for cash buyers or value-add investors seeking high ROI. Large lot with off-street parking and room for outdoor amenities. Great opportunity to create affordable
Discover the charm of Albuquerque living in the heart of Wells Park! This 1-bedroom, 1-bath home offers 640 square feet of thoughtfully designed space with high ceilings, refrigerated air, and a beautiful exposed adobe wall adding authentic New Mexico character to the living room. The updated kitchen features granite countertops, stainless steel appliances, a breakfast bar, soft-close cabinetry,
Meet your new community, on your terms. Our doors are open starting at 9 am- 6 pm Monday- Friday, 11- 5 pm on Saturday and 12- 5 pm on Sunday for in person tours and if you're not able to come in person, we'd be happy to take you on a virtual tour of our property. Call us today to schedule a tour or stop by anytime during business hours and we'd be happy to show you what your life could look like
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