613 Mesilla Street SE, Albuquerque, NM 87108
Emil Mann Add · Bernalillo County
Key Facts
Description
Exceptional opportunity to acquire a 14-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 7.70% 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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1974
Stories
2
Living Area
6,408 sq ft
Lot Size
0.28 acres
Days on Market
31
MLS® Listing#
1105932
Property Features
Appliances
Cooling
Heating
Flooring
Lot Features
Construction
Utilities
Financial Details
Annual Taxes
$8,042
Parcel Number
101905608737420309
Directions
Gibson to southern to Mesilla
Affordability Calculator
$279,460
Estimated monthly payment
$7,437/mo
Principal $1,117,838 · Est. interest $1,559,484 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Albuquerque, NM
- $404,800
- Median Listing Price
- 45
- Median Days on Market
- 1,924
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 1,274
- Active Listings
- This home’s price is 245% above the area median.
- Its price per sq ft is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Albuquerque, NM.
Location
Points of Interest in Albuquerque, NM
Showing the Albuquerque area map.
Nearby Schools
Van Buren Middle School
Secondary · 0.1 mi away
Emerson Elementary School
Elementary · 0.3 mi away
All Seasons Day School
Elementary · 0.3 mi away
Wherry Elementary School
Elementary · 0.7 mi away
Holy Ghost Catholic School
Secondary · 0.8 mi away
La Mesa Elementary School
Elementary · 0.8 mi away
Native American Community Academy
School · 0.9 mi away
Wilson Middle School
Secondary · 0.9 mi away
Alvarado Day School
Elementary · 1.0 mi away
Sandia Base Elementary School
Elementary · 1.0 mi away
Cesar Chavez Community School
Secondary · 1.2 mi away
Whittier Elementary School
Elementary · 1.3 mi away
Our Lady of the Assumption Catholic School- Albuquerque, NM
Secondary · 1.3 mi away
Cornerstone Christian Academy
School · 1.5 mi away
Highland High School
Secondary · 1.5 mi away
Hawthorne Elementary School
Elementary · 1.5 mi away
Jefferson Discovery Center
Elementary · 1.5 mi away
BK Taiko
School · 1.6 mi away
Vision Quest Alt Middle
Elementary · 1.6 mi away
Hayes Middle School
Secondary · 1.6 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Albuquerque
Listing Courtesy: Trinity Apartment Company LLC - 5056223240