635 Mesilla Street SE, Albuquerque, NM 87108
Emil Mann Addition · Bernalillo County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1970
Living Area
2,688 sq ft
Lot Size
0.16 acres
Days on Market
49
MLS® Listing#
1104663
Property Features
Appliances
Cooling
Heating
Flooring
Patio
Lot Features
Construction
Utilities
Financial Details
Annual Taxes
$5,451
Parcel Number
101905608735620306
Directions
East on gibson to lousiana
Affordability Calculator
$159,691
Estimated monthly payment
$4,250/mo
Principal $638,765 · Est. interest $891,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Albuquerque, NM
- $403,989
- Median Listing Price
- 46
- Median Days on Market
- 1,937
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 1,289
- Active Listings
- This home’s price is 98% above the area median.
- Its price per sq ft is 34% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Albuquerque, NM.
Location
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Points of Interest in Albuquerque, NM
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 325 San Andres Avenue NW, Albuquerque, NM | $559,000 | 7 | 5 | 3,632 |
| 501-505 Mesilla Street SE, Albuquerque, NM | $560,000 | 10 | 6 | — |
| 1237 Menaul Boulevard NW, Albuquerque, NM | $562,500 | 8 | 4 | 3,400 |
| 1225 Menaul Boulevard NW, Albuquerque, NM | $562,500 | 8 | 4 | — |
| 12129 Menaul Boulevard NE, Albuquerque, NM | $575,000 | 8 | 4 | 3,072 |
| 3225 Georgia Street NE, Albuquerque, NM | $599,000 | 7 | 3 | 2,471 |
Moving Cost Estimate
EXIT Agents in Albuquerque
Listing Courtesy: Trinity Apartment Company LLC - 5056223240