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$704,000
3 Beds
3 Baths
2,716sqft
631 & 633 Mesilla St Se, Albuquerque, NM 87108
$704,000
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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...
Continue Reading- Houzeo last checked: 1 hour 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
20
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