$560,000

active

501-505 Mesilla Street SE, Albuquerque, NM 87108

0 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 evaporative cooler, windows at 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. Newer roof in past few years at 501, 505 in past apprx 7yr

Features & Amenities

Tile Flooring

Property Details

MLS #	1109324
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	0

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.