UNM South Homes under $500,000

Welcome to UNM South, a vibrant and dynamic neighborhood nestled in the heart of Albuquerque, New Mexico. This charming area, located in Bernalillo County, is renowned for its close proximity to the University of New Mexico, making it a hub for students, educators, and families alike. With its rich cultural heritage and stunning Southwestern landscapes, UNM South offers a unique blend of urban convenience and natural beauty.

One of the most appealing aspects of this region is the diverse range of homes available, particularly those priced under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, UNM South has something for everyone. From cozy bungalows to modern townhouses, the real estate options cater to various lifestyles and preferences. Imagine waking up in a charming adobe-style home, surrounded by the enchanting backdrop of the Sandia Mountains, or enjoying a leisurely stroll through tree-lined streets filled with local shops and cafes.

Living in UNM South means you’ll have access to a wealth of amenities, including parks, schools, and cultural attractions. The neighborhood is also well-connected to public transportation, making it easy to explore all that Albuquerque has to offer. With a thriving arts scene, delicious dining options, and an array of outdoor activities, UNM South is not just a place to live; it’s a community to thrive in.

If you’re searching for an affordable home in a lively and welcoming neighborhood, look no further than UNM South. Your dream home awaits!

Newest UNM South Homes under $500,000

$120,000

2 Beds ⋅ 1 Baths

Investor special. Bring your cash and your contractor. This home is in rough shape and needs major work throughout, but the upside is real for the buyer who can see past it. 87106 location with strong potential as a rehab, flip, or long-term rental once the work is done. Cash or conventional financing only. Buyer to verify all information.

1413 Wheeler Avenue SE, Albuquerque

$300,000

3 Beds ⋅ 2 Baths

This adorable UNM south home sits on a corner lot across the street from Morningside Park and just a short walk from Wellesley Park. The Saltillo tile floors and darling, custom, wood-burning fireplace give this home a warm and cozy feel from the moment you enter. 3 quaint, colorful bedrooms and 2 baths provide the space you need to relax or tap into your creativity. Good size east-facing backyard with possible backyard access. Roof was replaced in 2021, water heater replaced in 2023. Schedule your showing today!

300 Aliso Drive SE, Albuquerque

$440,000

4 Beds ⋅ 2 Baths

**Versatile Home with Multi-Generational & Income Potential!**Discover the possibilities, ideally located near Nob Hill, Hyder Park, UNM, CNM, and within a convenient distance of Kirtland Air Force Base. This property offers a unique layout with flexibility for a variety of living arrangements and future possibilities. The property also includes solar, adding an energy-conscious feature to the home.The home features a primary bedroom with an attached bathroom and an additional office/flex space that could potentially be converted into a 4th bedroom, providing the opportunity for a 4-bedroom, 2-bathroom configuration. Multiple exterior access points from the primary bedroom, bathroom, and office/flex area add even more flexibility to the layout.Another unique feature is washer and dryer hookups located on two separate sides of the home, creating the potential for separate living areas. With the right improvements and subject to applicable zoning, permitting, and other requirements, the property may offer potential for an attached multi-family or residential income configuration.Whether you're looking for a spacious home with additional bedrooms and flexible living space, a multi-generational living arrangement, or an opportunity to create a residential income property, this home provides plenty of possibilities. Its convenient location puts you close to parks, schools, universities, employment centers, shopping, and dining.**Bring your vision and explore the potential this property has to offer!**

2723 Hyder Avenue SE, Albuquerque

$290,000

2 Beds ⋅ 1 Baths

This charming 2-bedroom, 1-bath home features beautiful hardwood floors and a beautiful, spacious backyard -- perfect for entertaining, gardening, or simply relaxing outdoors. Refrigerator, washer, dryer, and microwave all stay with the home. Located just minutes from UNM, Nob Hill's shops, cafes, and restaurants, with nearby parks for outdoor recreation, this home offers the ideal blend of quiet residential charm and easy access to everything Albuquerque has to offer. Don't miss this fantastic opportunity -- schedule your showing today!

2734 San Rafael Avenue SE, Albuquerque

$240,000

2 Beds ⋅ 1 Baths

Property May Not Be Shown Today. Charming 2-3 Bedroom Home near Popular Bandelier Elementary School. Close to Nob Hill, UNM, and Ridgecrest. Ernie Pyle Library is a Easy Walk. Original Wood Floors. Addition could be 3rd Bedroom, Office, Craft Room, or use your imagination! Roomy Kitchen and Main Living Area. Large Garage was built on Zero Lot Line. Shared Garage and Driveway not confirmed by Survey. Marks are estimates only.

526 Dartmouth Place SE, Albuquerque

$450,000

4 Beds ⋅ 3 Baths

SPACE, CHARACTER & VALUE IN RIDGECREST! Nearly 2,400 SF with 4 bedrooms, a possible 5th/flex space, 3 baths --all now offered at $450,000. This versatile two-story home delivers the space today's buyers are looking for without sacrificing the character that makes Ridgecrest special.A main-level primary suite provides privacy and convenience, while multiple living areas, an upstairs loft and dedicated office/studio create endless possibilities for working from home, guests, hobbies, play space or multi-generational living. Classic coved ceilings, arched doorways, hardwood and Saltillo tile floors, Talavera accents and abundant natural light bring warmth and authentic Albuquerque charm throughout.Major improvements include REFRIGERATED AIR, thermal double-pane windows and a TPO roof replaced in 2022. Outside, mature trees, inviting patios and a walled backyard provide space to relax and entertain. All of this in an established Ridgecrest setting just minutes from Nob Hill, UNM, Kirtland AFB, Sandia Labs, parks, dining and shopping.If you've seen this home before, it's time to take another look!

1907 Anderson PL SE, Albuquerque

$479,000

3 Beds ⋅ 2 Baths

Where 1948 character meets thoughtful modern design. This distinctive Albuquerque home has been extensively improved with an intentional eye toward preserving the personality and craftsmanship that make an older home special. Original details remain throughout, while renovated kitchen, bathrooms and laundry spaces introduce custom cabinetry, quartz countertops, porcelain stoneware tile, upgraded appliances and a gourmet range. Signed murals by a local artist bring an unexpected creative element to the dining room, while two working fireplaces add warmth and character.Behind the design is an equally impressive list of infrastructure improvements. Updates include upgraded windows throughout, a new sewer line from the home to the city connection, replaced electrical service with an upgraded PNM pole, electrical line and panels, and extensive electrical and plumbing improvements. Exterior insulation board beneath new stucco adds insulation to the home's block construction, while blown-in attic insulation and insulated crawl-space plumbing further improve the home's envelope.Comfort is exceptionally well considered with four-zone baseboard heating powered by a boiler system, plus a heat pump providing heating and refrigerated air, an integrated air filtration system, humidification on the heat setting and newer attic ductwork. Additional improvements include an upgraded seamless gutter system, newer roof, upgraded garage doors with a new opener, sealed garage floor, built-in storage, bike pulley system and built-in safe.

1009 Adams Street SE, Albuquerque

$399,900

3 Beds ⋅ 3 Baths

Welcome home to this beautifully updated three bedroom, three bath gem in the heart of Ridge Crest, Albuquerque. Offering over 1800 square feet of thoughtfully flowing living space, this home boasts gorgeous hardwood floors and abundant character throughout. The updated kitchen shines with granite countertops, newer cabinetry, newer appliances, and a charming fireplace that adds warmth and ambiance to the heart of the home.Major systems have all been thoughtfully updated, including: New Water Heater, Newer windows, New Dishwasher, TPO Roofing, a brand new heating and cooling system and here's the showstopper: solar energy system will be fully paid off at closing that can dramatically reduce your electric bills; a rare bonus buyers will love.Step outside to a spacious backyard on a generous lot, perfect for entertaining or relaxing. There's also a one car garage and a good sized Tiled laundry room for everyday convenience. This home truly has it all: updated, efficient, and full of character.

4700 Crest Avenue SE, Albuquerque

$260,000

2 Beds ⋅ 1 Baths

Great opportunity to live close to nob hill, UNM and all the good stuff! Easy access to anywhere is town. Next to the golf course the base, the hospitals and everything. New TPO roof, refrigerated air conditioning, new flooring, new cabinets, new quartz counter tops. New windows, updated electrical panel and new garage door with opener. Fresh paint inside and out. New refrigerator and stove with fresh landscaping. Move in ready with everything you need!!! Schedule your showing today!

3428 Ross Avenue SE, Albuquerque

$184,900

2 Beds ⋅ 1 Baths

******Price Reduction********Property Being Sold 'As Is' Carpet Allowance with acceptable offer. Comfortable condo with refrigerated air, a private patio and yard, and appliances that convey, including a stackable washer and dryer. Ideally situated near Highland High School, Kirtland AFB, UNM Hospital, Presbyterian Hospital, and other major employers. Excellent access to shopping, restaurants, and everyday conveniences.

517 Madison Place SE, Albuquerque

$395,000

3 Beds ⋅ 3 Baths

Modern, versatile, and ideally located near Nob Hill, this stylish townhome offers beautiful mountain and sunset views with easy access to UNM, Downtown, restaurants, shopping, and the Sunport--and **no HOA fees**. The upper level features high ceilings and an open floor plan, with a modern kitchen flowing into spacious living and dining areas. The comfortable primary suite provides a relaxing retreat with a soaking tub. The flexible entry level includes a second bedroom plus an additional room that could serve as a third bedroom, family room, or home office. Fresh interior paint, new carpet, modern appliances, and refrigerated air make the home comfortable and move-in ready. Outside, enjoy a private backyard with an open patio, or head to the deck to take in the sunset and mountain views. An attached two-car garage completes this inviting, low-maintenance Albuquerque home.

332 Valverde Drive SE, Albuquerque

$425,000

3 Beds ⋅ 1 Baths

Character-filled single-story home right off Carlisle Blvd in the heart of pristine Nob Hill! Beautiful wood floors, wood windows & built-ins throughout + thoughtful updates that keep the charm while making it ready for today. Completely re-piped in 2025. Inviting living room with cozy fireplace opens right into the dining area. Oversized kitchen features brand new stainless steel appliances, modern floating shelves, tons of workspace & storage. 2 comfortable bedrooms + updated full bath on the main level with a separate laundry room. Finished basement adds serious flexibility -- spacious rec room + extra bedroom perfect for guests, home office, studio or flex space. Private walled backyard with wood deck & built-in seating ready for outdoor entertaining. Detached 1-car garage, circular driveway & plenty of off-street parking. Bonus: alley access + space behind the property gives you room to extend or add an ADU for extra income or multi-generational living. Walk to restaurants, shops, entertainment, UNM & all the local events. Come see this one at 313 Carlisle SE!

313 Carlisle Boulevard SE, 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.