$704,000

$259/sqftactive

631 & 633 Mesilla Street SE, Albuquerque, NM 87108

0 days on market

Beds

Baths

Sqft

2,716

Lot

6,752 sqft

Built

1971

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 , 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 owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability

Features & Amenities

Built In Gas Range

Refrigerator

Carpet Flooring

Tile Flooring

Vinyl Flooring

Subdivision: The Emil Mann Addition

Property Details

MLS #	1108552
Property Type	multi family
Year Built	1971
Heating	WallFurnace
Cooling	EvaporativeCooling
Lot Size	6,752 sqft
Property Tax (est.)	$5,451/yr ($454/mo)
Price / Sqft	$259
Status	Active
Days on Market	0

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$704,000

Nob Hill median

$398,000

77% above the Nob Hill median. Homes here sell in an average of 30 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 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.