609-641 Mesilla Street
Albuquerque, NM 87108
3
Bed
3
Bath
0.31Acre(Lot)
Exceptional opportunity to acquire a 57-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 9,41% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market. A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental in come and reducing collection risk. The property has been well maintained by hands-on local owner who has taken pride in managementand up keep, resulting in solid operations and tena
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 3 -
Flooring Information
Carpet, Tile, Vinyl -
Interior Features
Appliances: Built-In Gas Range, Refrigerator Laundry Features: Common Area -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1984 Construction Materials: Stucco Stories: 2 Private Pool: No
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Lot Information
Lot Size Acres: 0.31 Lot Size Source: Public Records Lot Size Square Feet: 13504 Lot Description: Landscaped
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Listing Price Information
Listing Price: $4989000 Cash, Conventional
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Tax Information
Parcel Number: 101905608738320311 Annual Tax: $15448.01 Tax Legal Desc: * 022 021EMIL MANN & L23, 021LTS 20 & 21 BLK 21 EMIL MANN ADDN, * 005 022EMIL MANN, * 006 022EMIL MANN, * 019 021EMIL MANN, * 018 021EMIL MANN * 017021EMIL MANN, * 016 021EMIL MANN, * 015 021EMIL MANN, * 014 021EMIL MAN
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Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: Take Exit 222A for Gibson Blvd.Head east on Gibson Blvd SE.Turn left (north) onto Broadway Blvd SE.Turn right (east) onto Mesilla St SE.Continue to 609 Mesilla St SE, which will be on your left.(Google maps)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 217 General Stilwell St.., Albuquerque, NM, 87108 | $425,155 | 7 | 4 | 3,200 | 0.17 Acre |
| 8600 Zuni Road, Albuquerque, NM, 87108 | $1,594,615 | 3 | 2 | 16,020 | 1 Acre |
| 211 Texas Street, Albuquerque, NM, 87108 | $349,900 | 6 | 4 | 2,500 | 0.16 Acre |
| 209 Texas Street, Albuquerque, NM, 87108 | $349,900 | 7 | 4 | 2,650 | 0.16 Acre |
| 325 Tennessee Street, Albuquerque, NM, 87108 | $299,900 | 6 | 3 | 2,304 | 0.16 Acre |
| 428 Rhode Island Street, Albuquerque, NM, 87108 | $329,900 | 6 | 3 | 2,250 | 0.14 Acre |
| 513 Utah Street, Albuquerque, NM, 87108 | $215,000 | 2 | 1 | 1,536 | 0.16 Acre |
| 336 Rhode Island Street, Albuquerque, NM, 87108 | $255,000 | 2 | 1 | 2,375 | 0.16 Acre |
| 308 Charleston Street, Albuquerque, NM, 87108 | $399,000 | 4 | 4 | -- | 0.19 Acre |
| 119 Charleston Street, Albuquerque, NM, 87108 | $299,000 | 3 | 3 | 1,784 | 0.16 Acre |
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ByOwner last updated this listing 09/13/2026 @ 02:51
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