Terrace Addition Real Estate

Terrace Addition is a named area within Albuquerque, New Mexico, but it isn't tracked as its own separate city or subdivision field in the MLS data this site pulls from — sales here are folded into the broader Albuquerque market. The closest reliable price anchor is Albuquerque, which posted a median sale price of $359,900 on 6,341 closed sales over the trailing 12 months through August 17, 2026 (SFAR + SWMLS MLS data) — broader-area context, not a Terrace Addition-specific number. At 2.2 months of inventory, supply is tight — a seller's market by the classic 6-month benchmark.

Terrace Addition Market Snapshot

Metric	Value
Geographic bin used	(no independent MLS bin)
Albuquerque overall — median sale price (context only)	$359,900
Albuquerque overall — homes sold, 12 mo (context only)	6,341

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Use our Interactive Map Search to view Terrace Addition properties for sale on a map, updated every 15 minutes from the official Realtor® database, or refine by drawing your own search boundary.

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Frequently Asked Questions

What is Terrace Addition in Albuquerque, NM?

Terrace Addition is a named area within Albuquerque, New Mexico. It isn't tracked as its own separate city or subdivision field in the MLS data this site pulls from, so we don't have an independent sold-price statistic to publish for it specifically.

Why doesn't Terrace Addition have its own market report on this page?

We show Albuquerque's real, unsuppressed numbers instead as the closest honest price anchor: a median sale price of $359,900 on 6,341 closed sales over the trailing 12 months (SFAR + SWMLS MLS data), clearly labeled as broader-area context rather than a Terrace Addition-specific figure.

How do I find homes for sale in Terrace Addition, Albuquerque NM?

Use our Interactive Map Search above to view current listings in Terrace Addition and the surrounding Albuquerque area on a map, updated every 15 minutes from the official Realtor® database, or draw your own custom search boundary around Terrace Addition specifically.

Data source & methodology: statistics computed from board-direct MLS records for Albuquerque, New Mexico, snapshot August 17, 2026. New Mexico is a non-disclosure state — only aggregate statistics (medians, counts, ratios, days on market) are published, never an individual sale price. Statistics below a floor of 20 sold records in the trailing 12-month window are suppressed rather than estimated. Prepared by Matthew Scarborough, Keller Williams Santa Fe.

Browse All Terrace Addition Properties for Sale

$850,000

4 Beds ⋅ 8 Baths ⋅ 1111607 MLS ⋅ 30 DOM

8-unit multifamily investment opportunity in one of Albuquerque's most consistently in-demand rental submarkets. Very close proximity to the University of New Mexico, CNM, and hospitals. Two separate 4-unit buildings on one lot, offering flexibility for phased renovation. Unit mix: two large 1BR/1BA, one 2BR/1BA, and five oversized studios. Ample off street parking, a rarity in this submarket. Proximity to UNM keeps occupancy resilient.

414 Pine Street SE, Albuquerque

$565,000

3 Beds ⋅ 3 Baths ⋅ 1111540 MLS ⋅ 30 DOM

Built in 1922, this home is full of the charm and character you just don't find in newer homes. Located in the heart of the UNM and Nob Hill area on a beautiful tree lined street, it has over 100 years of Albuquerque history while still offering the updates you want today, including refrigerated air. Hardwood floors, raised ceilings, thick walls, large windows and beautiful built ins add character throughout. The home has two spacious living areas, each with its own fireplace, along with three bedrooms arranged in a split floor plan. The updated kitchen features a gas stove, farmhouse sink, tile backsplash and plenty of counter space. Outside, the raised lot has a two car garage plus four additional parking spaces, which is hard to find in this area. The location is tough to beat with UNM, CNM, Downtown, Nob Hill, restaurants, shopping and so much more all nearby. A truly unique Albuquerque home with tons of charm, history and a location that puts you close to just about everything.

1812 Silver Avenue SE, Albuquerque

$949,000

4 Beds ⋅ 3 Baths ⋅ 1110798 MLS ⋅ 52 DOM

Own a Piece of Albuquerque History! Step into a remarkable piece of Albuquerque's past with the historic Tingley Mansion, nestled in the coveted Silver Hill Historic District. Former home of Albuquerque Mayor and New Mexico Governor Clyde Tingley and Carrie Tingley, this extraordinary residence offers the rare opportunity to own a property where history truly comes alive. This corner lot home offers an unusually versatile layout for both investors and owner-occupants.From the moment you enter, the craftsmanship of the 1930s is unmistakable. Original details abound, including custom light fixtures, hand-troweled walls and ceilings, Southern gum stained woodwork, and beautiful quarter-sawn white oak floors. The spacious home features 4+ bedrooms and 3 baths, including two primary suites--both complete with a sitting room and one with an iconic 1930s tiled shower.Multiple flexible spaces offer endless possibilities. This floor plan provides plenty of options for extended living, furnished rentals, or mid-term housing. Complete with a dining area, library, or sitting rooms. The classic black-and-white tiled kitchen blends historic character with updated appliances, while a sunny breakfast area and inviting sunroom provide wonderful spaces to gather and relax.Adding to the property's appeal is an existing casita that already generates income, creating an immediate revenue-producing component. The property also includes a fully finished basement and the two car garage was transformed into an industry level recording studio. Offering another potential income stream that could be rented separately to musicians, producers, podcasters, or other creative professionals.Located approximately 1.5 miles from three hospitals, the property is particularly well suited to the growing demand for convenient furnished and mid-term housing for traveling nurses, physicians, healthcare professionals, and other hospital employees.Outside, enjoy the fully walled backyard and patio which create a private oasis surrounded by stories from another era. Roses planted by Carrie Tingley, creates an eye catching curb appeal in the front yard. Original brick doghouse, and side-yard access once used for horse & buggy entry are just a few of the property's unique historic touches. Owned solar panels add modern efficiency to this historic treasure.With R1B zoning, the property offers a range of potential uses.This is more than a home--it is a rare opportunity to own a tangible piece of Albuquerque and New Mexico history, beautifully preserved while offering the space, flexibility, and amenities for modern living.Historic character. Extraordinary provenance. Endless possibilities. Own a Piece of History.Schedule your Private Showing Today!

1523 Silver Avenue SE, Albuquerque

$1,100,000

4 Beds ⋅ 4 Baths ⋅ 1106971 MLS ⋅ 80 DOM

Elevated in Sandia Heights on 1.57 acres, this magnificent bespoke adobe estate by architect CE Laird is in perfect conversation with the land. Aligned to the summer solstice, solid 16''-24'' adobe walls face due south to fill the home with light. The kitchen & primary suite shield the intense western sun, keeping breathtaking porch views open all year.Inside, exquisite woodwork defines every room: solid-core doors featuring authentic wooden peg joinery, historic vigas, herringbone brick floors, and cabinetry custom shaped to the adobe's curves. Four fireplaces add warmth, while hand-punched tin and solid copper counters showcase artisan luxury.Outside, a tranquil pond & new travertine hot tub patio complete the grounds- a masterpiece built for those who appreciate unparalleled elegance.

72 Pinon Hill Place NE, Albuquerque

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Scarborough Realty Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

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.