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$315,000

$98/sqftactive

508 Tennessee Street NE, Albuquerque, NM 87108

0 days on market
0

Beds

8

Baths

4

Sqft

3,200

Lot

13,068 sqft

Built

1978

Type

multi family

About This Property

**SELLER FINANCING OPPORTUNITY AVAILABLE!** Property is being sold as-is, with no repairs to be made by seller **Excellent investment opportunity with this 4-unit multifamily property in Albuquerque! Each unit offers approximately **800 square feet with 2 bedrooms and 1 bathroom**, providing a total of **8 bedrooms and 4 bathrooms** across the property.Previously fully rented for the past several years, this property offers flexibility for the next owner. **Update and improve the units to maximize future rental potential, or prepare them for tenants with minimal turnaround.** The established multifamily configuration makes this a great opportunity for investors looking to add doors to their portfolio.This property is prime for renovation and ready for some TLC as it is being sold as-is condition. Whether you're looking to customize a home to fit your lifestyle, build equity through improvements, or take on your next investment project, there is plenty of potential here. An FHA/Conventional/VA 203(k) renovation loan may also be an option for qualified buyers, subject to lender, property, and program requirements. (Partner lender has program designed for this house as well as incentive to buyer!)With **seller financing available**, buyers may have additional flexibility when structuring their purchase. Whether you're looking for your next value-add project or a multifamily rental opportunity, 508 Tennessee St SE is ready for its next chapter!**Buyer to do own due diligence on sqft and condition as seller never lived at the property and rented it out through another company for length of ownership.

Features & Amenities

Refrigerator
Tile Flooring

Property Details

MLS #1111950
Property Typemulti family
Year Built1978
HeatingCentral,ForcedAir
CoolingEvaporativeCooling
Lot Size13,068 sqft
Price / Sqft$98
StatusActive
Days on Market0

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$315,000

Nob Hill median

$368,000

14% below the Nob Hill median. Homes here sell in an average of 41 days.

Commute Times

Unm

5 min

Downtown

10 min

Abq Studios

20 min

Sandia Labs

20 min

Kirtland Afb

15 min

Presbyterian

12 min

Intel Rio Rancho

35 min

Nearby Schools

Monte Vista Elementary

K-5 · APS

6/10

Jefferson Middle School

6-8 · APS

5/10

Highland High School

9-12 · APS

5/10

UNM (University of New Mexico)

Higher Ed · State

Neighborhood Guide

Explore Nob Hill

Eclectic & Walkable

Listing courtesy of EXP Realty, LLC. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.

Katey Taylor

Katey Taylor

Lead Agent & Team Founder

(505) 974-9701

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Quick Facts

0
HeatingCentral
CoolingEvaporativeCooling

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