Fairgrounds Homes under $300,000

Welcome to Fairgrounds, a vibrant neighborhood nestled in the heart of Albuquerque, New Mexico. Known for its rich cultural heritage and community spirit, Fairgrounds is an ideal place for those seeking a blend of urban convenience and suburban charm. This area boasts a diverse array of amenities, including parks, shops, and local eateries, making it perfect for families, young professionals, and retirees alike.

One of the standout features of Fairgrounds is its accessibility to the bustling downtown Albuquerque, where you can enjoy a lively arts scene, numerous festivals, and the stunning landscapes of the Sandia Mountains. With a mild climate and over 300 days of sunshine a year, outdoor enthusiasts will find plenty of opportunities for hiking, biking, and exploring the beautiful New Mexico terrain.

For homebuyers on a budget, Fairgrounds offers an attractive selection of homes priced under $300,000. These properties provide an excellent opportunity to invest in a thriving community without breaking the bank. From charming single-family homes to cozy townhouses, you'll find a variety of options that cater to different lifestyles and preferences. Many homes feature unique Southwestern architecture, spacious yards, and updated interiors, making them perfect for first-time buyers or those looking to downsize.

Living in Fairgrounds means being part of a welcoming community that celebrates its unique heritage while embracing modern living. With affordable housing options and a vibrant atmosphere, it’s no wonder that Fairgrounds is becoming one of Albuquerque's most sought-after neighborhoods. Come discover your dream home in this delightful corner of New Mexico!

Newest Fairgrounds Homes under $300,000

$242,000

2 Beds ⋅ 3 Baths

Great triplex with two long-term occupants! Vacant 1 bedroom perfect for an owner occupant or renter! Shaded courtyard entry with off-street parking. Closed storage at rear of property. Do not disturb tenants, walk through of units with accepted offers. Call listing agent with any questions. YTD operating expenses in documents. No wholesalers, no owner financing. Vacant unit is currently on the market for rent and is ready for immediate occupancy. T12 and YTD Income & Expense in MLS docs

304 Texas Street NE, Albuquerque

$299,000

6 Beds ⋅ 3 Baths

Get this well-maintained triplex for your investment portfolio. The triplex is in an opportunity zone and a qualified census tract which offer tax and grant opportunities. The TPO roof is only about 9 years old and the units have new windows as well. Each unit has it's own private back patio and there is additional large space on the west side of the complex for parking. The bathrooms and kitchens are refurbished, and there are ceramic tile floors. The tenants pay their own utilities except water and trash paid by the owner. Rents are low so there is an upside possibility. Do not disturb tenants. Offers are subject to buyer review of the units. All square footage is estimated.

511 Texas Street NE, Albuquerque

$255,000

2 Beds ⋅ 1 Baths

Major fixer-upper opportunity. The property is in poor condition and cited as substandard with the city not safe to enter. The property will require extensive repairs and updates throughout, including but not limited to roof, plumbing, flooring, paint, and water damage remediation. Not move-in ready. Property is being sold as-is, with no repairs by seller.

336 Rhode Island Street NE, Albuquerque

$199,000

2 Beds ⋅ 1 Baths

Come see this fully gated, competitively priced home offering incredible value and versatility. Featuring a detached casita, this property provides the perfect opportunity to generate rental income to help offset your mortgage or create a cash-flowing investment. The solar will be paid off at close and helps keep utility costs low. Out back, you'll find an additional storage/workshop building offering even more potential. Whether you're an investor or a homebuyer looking for extra space and income potential, this property has features that are hard to find. Don't miss this opportunity. it won't last long!Property is zoned R-ML with potentiial to convert the storage to another unit.

416 Vermont Street NE, Albuquerque

$300,000

4 Beds ⋅ 2 Baths

Your new home offers 4 bedrooms and 2 baths with lots of square footage, an open floorplan, and a wooden deck upstairs--deck faces east with great mountain views. Original wood floors on bottom floor. The home has been remodeled featuring a new HVAC system, new appliances, plumbing, gas and electrical upgrades. Check out the new bathroom shower and tub, the new fixtures and sinks! New roof in 2019 and sewer pipe from house to street 2025; a large shed in the back yard. Nice, quiet neighborhood in the fairgrounds area make this home a must see.

412 Grove Street NE, Albuquerque

$278,000

2 Beds ⋅ 2 Baths

506 Ortiz Drive NE, Albuquerque

$299,900

6 Beds ⋅ 3 Baths

INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Potential to live in one and rent the others! Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

325 Tennessee Street NE, Albuquerque

$225,000

2 Beds ⋅ 1 Baths

Come check out this beautifully updated 2-bedroom home perfectly priced and conveniently located close to everything!Recently renovated additional heated and cooled living space, thoughtfully converted from previously underutilized area, providing valuable additional square footage and flexibility for a variety of uses.Step inside to find fresh interior paint, refinished hardwood floors, and a fully updated bathroom. The kitchen has been thoughtfully upgraded with granite countertops, and modern lighting throughout.Additional highlights include a brand-new gas water heater, making this home truly move-in ready.Don't miss your chance this is the one!

423 Alcazar Street NE, Albuquerque

$299,900

6 Beds ⋅ 3 Baths

INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME AND ROOM TO GROW. This well-positioned tri-plex on Tennessee Street features three single-story units, each approx 750 sq ft with 2 bedrooms, 1 bath, and private yard space tenants love. Functional layouts include range and refrigerator, plus dedicated parking for added convenience. Tenant occupied for immediate cash flow, with strong rental appeal and upside potential. Whether expanding your portfolio or starting fresh, this property checks the boxes--don't miss your chance to secure a steady income producer!

325 Tennessee Street NE, Albuquerque

$239,000

3 Beds ⋅ 2 Baths

Spacious Investment Opportunity! This versatile 3-bedroom, 2-bathroom home features two distinct living areas and a large, functional kitchen. Currently generating $1,800/month on a flexible month-to-month agreement, this property also offers the highly sought-after benefit of backyard access. A perfect addition to any portfolio.

201 San Pablo Street NE, Albuquerque

$289,000

6 Beds ⋅ 2 Baths

$10K PRICE REDUCTION!!Large 6-Bedroom Home - Priced for Buyers Comfortable With Cosmetic UpdatesThis 2,278 sq ft home offers an unusually large footprint for the area with six bedrooms and two separate living areas, making it ideal for extended households or buyers needing significant space. Several major improvements are already complete, including a new TPO roof (2024), large-format porcelain tile flooring, updated rear windows, and Mitsubishi mini-split systems in the primary bedroom and rear den. The home is priced to reflect remaining cosmetic updates and finishing work. Buyers looking for a fully turnkey property should expect to renovate, but those willing to complete the updates will gain substantial square footage at a price point that is difficult to find in Albuquerque.

620 San Pablo Street NE, 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.