$420,000

$159/sqftactive

601 Veranda Road NW, Albuquerque, NM 87107

0 days on market

Beds

Baths

Sqft

2,640

Lot

7,013 sqft

Built

1940

Type

single family

About This Property

Two permitted houses on one lot. One loan, one tax bill, two rent checks. That is the pitch. The back house runs 1,391 square feet with 3 bedrooms and 2 baths. The second is 1,258 square feet, 3 bed and 1.5 bath, for roughly 2,649 square feet of rentable space. Both were built in 1940 and both are on record as legal dwellings, so the second unit is not a zoning argument waiting to happen at appraisal. Price reflects it an opportunity waiting for that savvy investor. What you are buying is a corrected rent roll, not a turnkey product. One side carries a tenant, so the numbers start working while the other side gets its rehab. North Valley, 87107, close to Fourth Street and a quick shot to I-40 and Old Town. Bring a contractor, run your own numbers, and schedule a showing.

Features & Amenities

Main Level Primary

None

Carpet Flooring

Laminate Flooring

Tile Flooring

Water: Public

Sewer: PublicSewer

Subdivision: Monkbridge Add

Elementary: La Luz

Middle: Garfield

High: Valley

Property Details

MLS #	1110853
Property Type	single family
Year Built	1940
Garage	Yes
Heating	NaturalGas
Cooling	EvaporativeCooling
Roof	Flat
Lot Size	7,013 sqft
Property Tax (est.)	$4,242/yr ($354/mo)
Price / Sqft	$159
Status	Active
Days on Market	0

About North Valley → Full Guide

Price vs. Neighborhood

This home

$420,000

North Valley median

$520,000

19% below the North Valley median. Homes here sell in an average of 52 days.

Commute Times

Unm

15 min

Downtown

10 min

Abq Studios

25 min

Sandia Labs

25 min

Kirtland Afb

25 min

Presbyterian

15 min

Intel Rio Rancho

20 min

Nearby Schools

Griegos Elementary

K-5 · APS

5/10

Madison Middle School

6-8 · APS

4/10

Valley High School

9-12 · APS

4/10

Neighborhood Guide

Explore North Valley

Rural & Spacious

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