$6,413 Closing Credit¹
#1078029, Timothy R Luten, Listing Office: Sperry Van Ness/WACB, Inc.
$639,000 List price
121 Terrace St SE Albuquerque, NM 87106
$7,588
Closing credit¹
1 bed
1 bath
3,600 sqft
0.08 acres
$178 / sqft
Multi-Family
Property details
About 121 Terrace St SE
Location Location! 6 units! 2 buildings across from UNM in historic Silver Hill neighborhood, always rented with fantastic income! FOUR PLEX + DUPLEX! 121 Terrace - 1 bed 1 bath units. appx 500SF/ea Original built in cabinets, drawers and shelving in each unit. 2 storage units. Evaporative coolers/wall furnaces. Individual gas and electric meters.117/119 Terrace large 1bed 1 bath units with screened porches and basements! Appx 800+SF/ea Hardwood floors, dining room, large bedrooms. Basements on each unit for added storage. Evaporative coolers and floor furnaces. Individual gas and electric meters. There is room for some minor updating for increased rental value. Amazing location for student housing. Permit parking. Current lease agreements. PLS DO NOT DISTURB TENANTS.
Highlights
Home typeMulti Family
HeatingFloor Furnace, Wall Furnace
StatusActive
CoolingEvaporative Cooling
Size3,600 sqft
BasementYes
Lot size0.08 Acres
Year built1955
MLS #1070355
Summary
- MLS Number: 1070355
- MLS Name: SWMLS
- Office Name: Maddox & Co/REALTORS
- Office Phone: (505) 764-0400
- Office Email: info@maddoxrealtors.com
- Listing Agent: Liska Maddox
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.
Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 9:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$639,000
121 Terrace St SE
$7,588
closing credit¹
Sell your home with Rocket and save even more!
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $21,731 | $928 |
| 2021 | $21,098 | $893 |
| 2020 | $21,098 | $905 |
| 2019 | $21,098 | $898 |
| 2018 | $21,098 | $897 |
| 2017 | $21,098 | $897 |
History based on county public records data.
Nearby schools
6
Monte Vista Elementary School
Public District KG-5
0.8 mi
•3211 Monte Vista Blvd NE
3
Longfellow Dual Language Magnet Elementary School
Public District KG-5
1.0 mi
•400 Edith Blvd NE
3
Eugene Field Elementary School
Public District PK-5
1.1 mi
•700 Edith Blvd SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,533. Most Albuquerque, NM residents have annual incomes less than $<35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
82%
<35k
14%
35k-100k
3%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
91%
Single, No Kids
4%
Single, with Kids
4%
Married, No Kids
1%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
62%
18-34 yrs old
25%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 121 Terrace St SE in Albuquerque, NM and zip code 87106 in the Southeast Albuquerque neighborhood. This 3,600 square foot home, which was built in 1955, sits on a 0.08 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $639,000.
While more than 76 listings in Albuquerque, NM in February 2025 were sold above asking price, there were more than 135 listings sold at asking price, and more than 207 were sold below. In February 2025 in Albuquerque, NM there were 9.4% less homes for sale than in January. In February 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $349,921.
From Rocket Homes Real Estate and based on county public records data.