Corrales NM Multi Family for Sale

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Type:
Other
Sq.Ft.:
3,009
Status:
Active
Beds:
2
Lot size:
1.77 Acres
Year built:
1973
Baths:
1.00
MLS#:
1074703

ADDITIONAL INFORMATION

Rare Opportunity in Corrales! Great investment opportunity with great potential! Own 1.77 acres of land w/ 2 existing structures on the property that need to be renovated. There is an existing manufactured home on the lot that is not currently occupied. This property is being sold in ''AS-IS, Where-Is'' condition. NO SHOWINGS without an accepted offer. No interior photos of the units are available. Seller stated the property does have irrigation rights. Beautiful trees and horse corral! Corrales living located near restaurants, shopping, & more! Can be sold with MLS 1074890 for a great investment!

Type:
Multi-Family
Sq.Ft.:
7,809
Status:
Active
Beds:
3
Lot size:
2.08 Acres
Year built:
2003
Baths:
2.00
MLS#:
1073661

ADDITIONAL INFORMATION

PACKAGE DEAL! One of-a-Kind Compound in Corrales! This unique estate includes five separate houses on 4 separate lots. Main house + casita (120 & 121 Espinosa) north side of the road. 3 identical floor plan 2bdr, 2bth + office houses (111, 115, & 119 Espinosa) south side of road. Thoughtfully designed for multi-generational living, income-producing rentals, or a private retreat. The main house features timeless Southwestern style, complete with high ceilings, natural wood accents, and abundant natural light. A charming casita provides a cozy, self-contained space for guests or extended family. The property also includes four storage sheds with income-producing potential and four horse stalls--perfect for equestrian enthusiasts.

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Andrea Conner License # 20396 Xome Inc. License # 09022, [email protected] 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service Inc., a wholly owned subsidiary of the Greater Albuquerque Association of REALTORS®, Inc. 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. Copyright 2025 Southwest Multiple Listing Service, Inc.



Corrales Real Estate

The median home value in Corrales, NM is $603,400. This is higher than the county median home value of $303,100. The national median home value is $338,100. The average price of homes sold in Corrales, NM is $603,400. Approximately 82.81% of Corrales homes are owned, compared to 7.69% rented, while 9.5% are vacant. Corrales real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Corrales real estate agent to arrange a tour today!

Corrales, New Mexico 87048 has a population of 8,488. Corrales 87048 is less family-centric than the surrounding county with 20.62% of the households containing married families with children. The county average for households married with children is 27.84%.

The median household income in Corrales, New Mexico 87048 is $93,899. The median household income for the surrounding county is $68,947 compared to the national median of $69,021. The median age of people living in Corrales 87048 is 56.3 years.

Corrales Weather

The average high temperature in July is 93.3 degrees, with an average low temperature in January of 22.2 degrees. The average rainfall is approximately 11.1 inches per year, with 8.5 inches of snow per year.

Corrales Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    45
    30-day change

Corrales Schools and Demographics

Education near Corrales, NM

Metric City County
High School Graduates 95.76 91.38
College Degree - 2 year 7.26 10.78
College Degree - 4 year 53.38 30.95
Graduate Degree 15.56 9.05
Expenditures per Student 13,881 13,881
Students per Teacher 15.2 15.2

Elementary Schools near Corrales, NM

School Grades Students P/T Ratio ZIP
Alice King Community School KG - 08 334 17.6 87109
Alvarado Elementary School KG - 05 348 14.1 87107
Arroyo Del Oso Elementary School PK - 05 439 16.8 87109
Chamiza Elementary School KG - 05 497 16.4 87114
Cochiti Elementary School KG - 05 323 15 87107
Corrales Elementary School KG - 05 397 15.5 87048
Dennis Chavez Elementary School PK - 05 623 14.1 87109
Douglas MacArthur Elementary School PK - 05 245 13.7 87107
Edmund G Ross Elementary School KG - 05 486 15.2 87109
Griegos Elementary School KG - 05 392 16.4 87107
Helen Cordero Primary School KG - 02 639 16 87109
La Luz Elementary School KG - 05 236 13.5 87107
Los Ranchos Elementary School PK - 05 339 14.3 87107
Mission Avenue Elementary School PK - 05 424 14.6 87107
Painted Sky Elementary School PK - 05 1,167 17.1 87125
Petroglyph Elementary School PK - 05 669 16.9 87114
Seven-Bar Elementary School KG - 05 794 15.7 87114
Sierra Vista Elementary School KG - 05 782 17.5 87114
Sunset View Elementary School KG - 05 624 17.9 87114
Ventana Ranch Elementary School KG - 05 764 19.1 87114

Middle Schools near Corrales, NM

School Grades Students P/T Ratio ZIP
Desert Ridge Middle School 06 - 08 1,022 15.9 87125
Eisenhower Middle School 06 - 08 872 16.3 87111
Harrison Middle School 06 - 08 856 13.5 87105
James Monroe Middle School 06 - 08 1,015 17 87114
Jefferson Middle School 06 - 08 833 13.8 87106
Jimmy Carter Middle School 06 - 08 1,243 15.1 87105
John Adams Middle School 06 - 08 664 14.8 87105
L.B. Johnson Middle 06 - 08 886 13.7 87120
Madison Middle School 06 - 08 739 16.6 87111
Taylor Middle School 06 - 08 459 13.3 87114
Tony Hillerman Middle School 06 - 08 971 17.7 87120
Truman Middle School 06 - 08 1,349 14.7 87121

High Schools near Corrales, NM

School Grades Students P/T Ratio ZIP
Albuquerque High School 09 - 12 1,834 20.4 87102
Atrisco Heritage Academy High School 09 - 12 2,423 17.6 87121
Cibola High School 09 - 12 1,875 18 87114
Eldorado High School 09 - 12 1,867 19 87111
Highland High School 09 - 12 1,492 14.8 87108
La Cueva High School 09 - 12 1,834 18.8 87122
Manzano High School 09 - 12 1,754 17.6 87112
Rio Grande High School 09 - 12 1,566 16.3 87105
Sandia High School 09 - 12 1,842 16.3 87110
Valley High School 09 - 12 1,215 16.5 87107
Volcano Vista High 09 - 12 2,188 17.9 87114
West Mesa High School 09 - 12 1,560 16.4 87105

Ungraded Schools near Corrales, NM

School Grades Students P/T Ratio ZIP
* Career Enrichment 09 - 12 0 87102
* College and Career High School 09 - 12 128 14.4 87106
* Early College Academy 09 - 12 192 112.9 87110
* Freedom High School 10 - 12 160 11.6 87107
* New Futures School 07 - 12 151 8.4 87110
* School on Wheels 09 - 12 130 11.1 87105
* Sierra Alternative School 09 - 12 43 87112
Continuation School PK - 12 5 87112
Corrales International School KG - 10 254 11.9 87113
El Camino Real Academy KG - 12 343 13.2 87105
Highland Autism Center KG - 12 19 2.6 87108
La Academia DE Esperanza 06 - 12 364 13.6 87121
Native American Comm Academy 06 - 12 377 12.9 87108
Public Academy for Performing Arts 06 - 12 368 12.9 87110
South Valley Academy 06 - 12 460 13.6 87105

Demographics near Corrales, NM 87048

Metric Zip Code City
Neighborhood Type Small town
Population 8,488 147,327
Population Density 788 40
Median Age 56.3 40.4
People per Household 2.4 2.7
Median Household Income 93,899 68,947
Average Income per Capita 56,511 32,246