635 Mesilla Street
Albuquerque, NM 87108
8
Bed
8
Bath
2,688Sqft
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 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 7.37% 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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 8 -
Flooring Information
Carpet, Tile, Vinyl -
Interior Features
Appliances: Convection Oven, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1970 Building Area Total: 2688 Construction Materials: Brick Stories: 1 Patio And Porch Features: Patio Private Pool: No
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Lot Information
Lot Size Acres: 0.16 Lot Size Source: Public Records Lot Size Square Feet: 6752 Lot Description: LandscapedProperty Information
Subdivision: Emil Mann Addition Source Property Type: Residential Income Postal Code Plus 4: 3956 Zoning Description: R-ML* Property SubType: Multi Family Levels: One Property Age: 56
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Listing Price Information
Listing Price: $798456 Cash, Conventional, VA Loan
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Tax Information
Parcel Number: 101905608735620306 Annual Tax: $5451.11
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Utility Information
Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: East on gibson to lousiana
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 |
| 234 Texas Street, Albuquerque, NM, 87108 | $109,900 | 1 | 1 | 1,100 | 1,100 SqFt |
| 209 Texas Street, Albuquerque, NM, 87108 | $375,000 | 7 | 4 | 2,650 | 2,650 SqFt |
| 325 Tennessee Street, Albuquerque, NM, 87108 | $299,900 | 6 | 3 | 2,304 | 2,304 SqFt |
| 8001 Marquette Avenue, Albuquerque, NM, 87108 | $335,000 | 5 | 2 | 3,425 | 3,425 SqFt |
| 240 San Pablo Street, Albuquerque, NM, 87108 | $324,655 | 5 | 4 | 2,760 | 2,760 SqFt |
| 501-505 Mesilla Street, Albuquerque, NM, 87108 | $560,000 | 10 | 6 | -- | |
| 633 Grove Street, Albuquerque, NM, 87108 | $250,000 | 2 | 2 | -- | |
| 205 Mesilla Street, Albuquerque, NM, 87108 | $350,000 | 4 | 4 | 2,800 | 2,800 SqFt |
| 501 Mesilla Street, Albuquerque, NM, 87108 | $280,000 | 4 | 3 | -- |
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Nearby For Sale
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ByOwner last updated this listing 06/16/2026 @ 12:43
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