501-505 Mesilla Street Se, Albuquerque, NM 87108
Local realty services provided by:ERA Sellers & Buyers Real Estate
501-505 Mesilla Street Se,Albuquerque, NM 87108
$560,000
- 10 Beds
- 6 Baths
- 4,248 sq. ft.
- Multi-family
- Pending
Listed by: isaiah johnson, nichole m. bronstorp
Office: coldwell banker legacy
MLS#:1110109
Source:NM_SWMLS
Price summary
- Price:$560,000
- Price per sq. ft.:$131.83
About this home
This well-maintained 6-unit multifamily investment property offers an excellent opportunity to acquire a centrally located, income-producing asset with significant recent capital improvements. The property consists of two separately deeded triplexes at 501 and 505, which are being sold together, providing a total of approximately 4,248 square feet across six residential units.The property features a desirable mix of two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, with functional floor plans and a courtyard-style configuration that appeals to tenants seeking convenience and affordability.Ownership has completed numerous improvements throughout the property. Recent upgrades include evaporative cooling, replacement windows in 501 B & C and 505 B, remodeled interiors in select units, durable tile flooring, recessed lighting, and 80% energy-efficient furnaces in select units. Roofing improvements include an ISO roof at 501 completed within approximately the last two years and a TPO roof at 505 completed within approximately the last seven years. All month to month tenants. Unit Mix501Unit A -- 571 SF | 1 BD / 1 BAUnit B -- 571 SF | 1 BD / 1 BAUnit C -- 833 SF | 2 BD / 1 BA505Unit A -- 704 SF | 2 BD / 1 BAUnit B -- 759 SF | 2 BD / 1 BAUnit C -- 810 SF | 2 BD / 1 BA -vacant needs renoTotal Building Area: Approximately 4,248 SFTotal Units: 6Current Monthly Rent: $6,281Annualized Current Rent: $75,372With an established income stream, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for an investor seeking an improved multifamily asset with continued income and long-term appreciation potential. Vacant unit needs renovation. From owner between $10-25k depending on preference to be rented....
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Home facts
- Year built:1963
- Listing ID #:1110109
- Added:72 day(s) ago
- Updated:November 11, 2026 at 09:21 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:6
- Kitchen Description:Free Standing Electric Range
- Living area:4,248 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Forced Air
Structure and exterior
- Year built:1963
- Building area:4,248 sq. ft.
- Lot area:0.3 Acres
- Exterior Features:Landscaping
- Levels:1 Story
Utilities
- Water:Community/Coop, Water Available, Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$560,000
- Price per sq. ft.:$131.83
- Tax amount:$2,736
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