616 & 618 Mesilla Street
Albuquerque, NM 87108
2
Bed
4
Bath
2,218Sqft
0.31Acre(Lot)
Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/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 8.74% caprate, 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, resulting in solid operations and tenant
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 4 -
Flooring Information
Carpet, Laminate, Tile, Vinyl -
Interior Features
Ceiling Fan(s) Appliances: Built-In Gas Range, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Ceiling Fan(s), Evaporative Cooling
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Building Information
Year Built: 1946 Building Area Total: 2218 Construction Materials: Stucco Stories: 1 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: $444272 Cash, Conventional
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Tax Information
Parcel Number: 101905610537120417 Annual Tax: $8042.24 Tax Legal Desc: N/A
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: Take Exit 222A for Gibson Blvd and head east.Continue on Gibson Blvd for about 1.5 miles.Turn right (south) onto San Mateo Blvd SE.Turn left (east) onto Avenida CA(c)sar Chavez SE.Turn right (south) onto Mesilla St SE.Continue south to 616 Mesilla St SE and 618 Mesilla St SE
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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Nearby For Sale
The data relating to real estate for sale on this website 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 brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.
ByOwner last updated this listing 09/21/2026 @ 14:44
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