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Street View
$1,190,000
Monthly Est:$5,923
14 Beds
14 Baths
6,408sqft
613 Mesilla St SE, Albuquerque, NM 87108
$1,190,000
$5,923/moEst:
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Multi Family
Built in 1974
$-- HOA
12,371 sqft lot
$186/sq.ft
Description
Exceptional opportunity to acquire a 14-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 7.70% 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.
- Houzeo last checked: 12 minutes ago
- Listing updated: August 4, 2026 at 10:01 pm
- Listing Provided by: Trey W. Whaley (505) 269-1824 DRE #REC20250899 | Trinity Apartment Company LLC (505) 622-3240
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1105932
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1974
HOA Fees
-
Finished Area
6,408 sqft
Lot Size
12,371 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1105932
MLS Status
Active
Days on Market
112
Cumulative Days on Market
45
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 14
Interior
Appliances
Refrigerator
Flooring
Carpet, Laminate, Tile, Vinyl
Cooling
Evaporative Cooling
Heating
Forced Air
Exterior Features
Landscaping
Construction
Year Built
Year Built: 1974
Home type
Multi Family
Property Condition
Resale
Construction Materials
Adobe
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Community Features
Deck Porch, Storage Facilities
Disclosures
Principal Is Real Estate Licensed, Ranm2100disclosure
Subdivision Name
Emil Mann Add
Tenant Pays
Other, See Remarks
Price History
| Date | Event | Price |
|---|---|---|
06/20/2026 Source: | Price Decreased | $1,190,000 -14.84% $186/sqft |
06/20/2026 Source: | Listed for Sale | $1,397,298 $218/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 11, 2026, 07:15AM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
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