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 |
|---|---|---|---|---|---|
| 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 |
| 609 Mesilla Street, Albuquerque, NM, 87108 | $1,144,491 | 9 | 7 | 6,896 | 6,896 SqFt |
| 613 Mesilla Street, Albuquerque, NM, 87108 | $1,190,000 | 14 | 14 | 6,408 | 6,408 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 |
Similar Multifamily To 616 & 618 Mesilla Street
Nearby For Sale
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ByOwner last updated this listing 08/07/2026 @ 05:56
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