$560,000

active

501-505 Mesilla Street SE, Albuquerque, NM 87108

71 days on market

Beds

Baths

Lot

6,970 sqft

Built

1963

Type

multi family

About This Property

This well maintained 6-unit investment property offers an excellent opportunity to own a centrally located income-producing asset with numerous recent capital improvements. Two sep. deeded triplexes. Recent updates include new roof, fascia, & evaporative cooler, completed appx 1.5 years ago, & new windows in 501 B & C, & 505 B, improving energy efficiency & tenant comfort. Several units feature tasteful remodeling & modern upgrades, including durable tile flooring, recessed lighting, & 80% energy-efficient furnaces in select units. Functional floor plans & courtyard-style layout appeal to tenants seeking convenience & affordability. Whether you're expanding your investment portfolio or entering multifamily ownership, this property offers strong income potential with meaningful upgrades.

Features & Amenities

Tile Flooring

Property Details

MLS #	1103106
Property Type	multi family
Year Built	1963
Heating	ForcedAir
Cooling	EvaporativeCooling
Lot Size	6,970 sqft
Property Tax (est.)	$2,736/yr ($228/mo)
Status	Active
Days on Market	71

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$560,000

Nob Hill median

$398,000

41% above the Nob Hill median. Homes here sell in an average of 31 days.

Commute Times

Unm

5 min

Downtown

10 min

Abq Studios

20 min

Sandia Labs

20 min

Kirtland Afb

15 min

Presbyterian

12 min

Intel Rio Rancho

35 min

Nearby Schools

Monte Vista Elementary

K-5 · APS

6/10

Jefferson Middle School

6-8 · APS

5/10

Highland High School

9-12 · APS

5/10

UNM (University of New Mexico)

Higher Ed · State

Neighborhood Guide

Explore Nob Hill

Eclectic & Walkable

Listing courtesy of Real Broker, LLC. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.