$798,456
$297/sqftactive635 Mesilla Street SE, Albuquerque, NM 87108
Beds
8
Baths
8
Sqft
2,688
Lot
6,752 sqft
Built
1970
Type
multi family
About This Property
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 and 2-bedroom/1-bath units, 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.
Features & Amenities
Property Details
| MLS # | 1104663 |
| Property Type | multi family |
| Year Built | 1970 |
| Heating | Central |
| Cooling | EvaporativeCooling |
| Lot Size | 6,752 sqft |
| Property Tax (est.) | $5,451/yr ($454/mo) |
| Price / Sqft | $297 |
| Status | Active |
| Days on Market | 0 |
About Nob Hill → Full Guide
Price vs. Neighborhood
This home
Nob Hill median
101% above the Nob Hill median. Homes here sell in an average of 28 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
Jefferson Middle School
6-8 · APS
Highland High School
9-12 · APS
UNM (University of New Mexico)
Higher Ed · State
Neighborhood Guide
Explore Nob Hill
Eclectic & Walkable
Listing courtesy of Trinity Apartment Company 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.
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