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Street View
$704,000
Monthly Est:$3,504
3 Beds
3 Baths
2,716sqft
631 & 633 Mesilla St SE, Albuquerque, NM 87108
$704,000
$3,504/moEst:
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Multi Family
Built in 1971
$-- HOA
6,752 sqft lot
$259/sq.ft
Description
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
- Houzeo last checked: 10 minutes ago
- Listing updated: August 5, 2026 at 3:34 pm
- Listing Provided by: Trey W. Whaley (505) 269-1824 DRE #REC20250899, Karen Eugenia Amaro (505) 415-0941 DRE #54977 | Trinity Apartment Company LLC (505) 622-3240
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1108552
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1971
HOA Fees
-
Finished Area
2,716 sqft
Lot Size
6,752 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1108552
MLS Status
Active
Days on Market
66
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Appliances
Built In Gas Range, Refrigerator
Flooring
Carpet, Tile, Vinyl
Cooling
Evaporative Cooling
Heating
Wall Furnace
Construction
Year Built
Year Built: 1971
Home type
Multi Family
Construction Materials
Stucco
Property Condition
Resale
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Tenant Pays
Other, See Remarks
Subdivision Name
The Emil Mann Addition
Disclosures
Lead Based Paint Disclosure, Principal Is Real Estate Licensed, Ranm2100disclosure
Price History
| Date | Event | Price |
|---|---|---|
08/05/2026 Source: | Listed for Sale | $704,000 -16.19% $259/sqft |
01/23/2026 Source: | Off Market | $840,000 $309/sqft |
01/23/2026 Source: | Listed for Sale | $840,000 $309/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 11, 2026, 01:00AM. 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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