631 & 633 Mesilla Street
Albuquerque, NM 87108
3
Bed
3
Bath
2,716Sqft
0.16Acre(Lot)
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath , catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 9.91% 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, resulting in solid operations and tenant stability
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 -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1971 Building Area Total: 2716 Construction Materials: Stucco Stories: 1 Private Pool: No
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Lot Information
Lot Size Acres: 0.16 Lot Size Source: Public Records Lot Size Square Feet: 6752Property Information
Subdivision: The Emil Mann Addition Source Property Type: Residential Income Postal Code Plus 4: 3958 Zoning Description: R-ML* Property SubType: Multi Family Levels: One Property Age: 55
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Listing Price Information
Listing Price: $704000 Cash, Conventional
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Tax Information
Parcel Number: 101905608736620308 Annual Tax: $5451.11 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 223 for Gibson Blvd.Head east on Gibson Blvd SE.Turn left onto University Blvd SE.Turn right onto Avenida Cesar Chavez SE.Turn left onto Broadway Blvd SE.Turn right onto Mesilla St SE.Continue to 631 Mesilla St SE, which will be on your left.
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 |
| 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 |
Similar Multifamily To 631 & 633 Mesilla Street
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 08/07/2026 @ 11:57
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