631 & 633 Mesilla Street Se, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:ERA Summit
631 & 633 Mesilla Street Se,Albuquerque, NM 87108
$704,000
  • 3 Beds
  • 3 Baths
  • 2,716 sq. ft.
  • Multi-family
  • Active
Listed by: trey w. whaley, karen eugenia amaro
Office: trinity apartment company llc.
MLS#:1108552
Source:NM_SWMLS

Price summary

  • Price:$704,000
  • Price per sq. ft.:$259.2

About this home

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

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Home facts

  • Year built:1971
  • Subdivision & Development:The Emil Mann Addition
  • Listing ID #:1108552
  • Added:1 day(s) ago
  • Updated:August 05, 2026 at 05:33 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Built-In Gas Range, Refrigerator
  • Living area:2,716 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1971
  • Building area:2,716 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Stucco
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$704,000
  • Price per sq. ft.:$259.2
  • Tax amount:$5,451

Features and amenities

  • Appliances:Refrigerator

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