613 Mesilla Street
Albuquerque, NM 87108
14
Bed
14
Bath
6,408Sqft
0.28Acre(Lot)
Exceptional opportunity to acquire a 14-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 7.70% 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 income and reducing collection risk. The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 14Bathroom Information
Total Baths: 14 -
Flooring Information
Carpet, Laminate, Tile, Vinyl -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1974 Building Area Total: 6408 Construction Materials: Adobe Stories: 2 Private Pool: No
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Lot Information
Lot Size Acres: 0.28 Lot Size Source: Public Records Lot Size Square Feet: 12371 Lot Description: LandscapedProperty Information
Subdivision: Emil Mann Add Source Property Type: Residential Income Postal Code Plus 4: 3959 Zoning Description: MX-M* Property SubType: Multi Family Levels: Two Property Age: 52
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Listing Price Information
Listing Price: $1190000 Original Price: $1397298 Cash, Conventional, Owner May Carry
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Tax Information
Parcel Number: 101905608737420309 Annual Tax: $8042.24
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: Gibson to southern to Mesilla
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8600 Zuni Road, Albuquerque, NM, 87108 | $1,793,434 | 3 | 2 | 16,020 | 16,020 SqFt |
| 209 Texas Street, Albuquerque, NM, 87108 | $349,900 | 7 | 4 | 2,650 | 2,650 SqFt |
| 325 Tennessee Street, Albuquerque, NM, 87108 | $299,900 | 6 | 3 | 2,304 | 2,304 SqFt |
| 433 Mesilla & 437 (4 Lo.., Albuquerque, NM, 87108 | $2,323,232 | 3 | 2 | 14,688 | 14,688 SqFt |
| 633 Grove Street, Albuquerque, NM, 87108 | $250,000 | 2 | 2 | -- | |
| 636 San Pablo Street, Albuquerque, NM, 87108 | $245,499 | 2 | 2 | 1,242 | 1,242 SqFt |
| 616 & 618 Mesilla Street, Albuquerque, NM, 87108 | $444,272 | 2 | 4 | 2,218 | 2,218 SqFt |
| 609 Mesilla Street, Albuquerque, NM, 87108 | $1,144,491 | 9 | 7 | 6,896 | 6,896 SqFt |
| 635 Mesilla Street, Albuquerque, NM, 87108 | $798,456 | 8 | 8 | 2,688 | 2,688 SqFt |
| 416 Kentucky Street, Albuquerque, NM, 87108 | $249,900 | 4 | 3 | 1,584 | 1,584 SqFt |
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ByOwner last updated this listing 08/07/2026 @ 07:50
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