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Street View
$798,456
Monthly Est:$3,974
8 Beds
8 Baths
2,688sqft
635 & 637 Mesilla St SE, Albuquerque, NM 87108
$798,456
$3,974/moEst:
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Multi Family
Built in 1970
$-- HOA
6,752 sqft lot
$297/sq.ft
Description
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a 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 7.37% 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.
- Houzeo last checked: 13 minutes ago
- Listing updated: September 11, 2026 at 9:17 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#: 1104663
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1970
HOA Fees
-
Finished Area
2,688 sqft
Lot Size
6,752 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1104663
MLS Status
Active
Days on Market
149
Cumulative Days on Market
219
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 8
Interior
Cooling
Evaporative Cooling
Appliances
Convection Oven, Refrigerator
Exterior Features
Landscaping, Patio
Heating
Central
Flooring
Carpet, Tile, Vinyl
Construction
Year Built
Year Built: 1970
Home type
Multi Family
Property Condition
Resale
Construction Materials
Brick
Utilities & Energy
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Disclosures
Lead Based Paint Disclosure, Principal Is Real Estate Licensed, Ranm2100disclosure
Subdivision Name
Emil Mann Addition
Community Features
Patio
Patio And Porch Features
Patio
Tenant Pays
Other, See Remarks
Price History
| Date | Event | Price |
|---|---|---|
06/02/2026 Source: | Listed for Sale | $798,456 -4.95% $297/sqft |
01/23/2026 Source: | Off Market | $840,000 $312/sqft |
01/23/2026 Source: | Listed for Sale | $840,000 $312/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 30, 2026, 08:00AM. 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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