$3,015,000
Listed on Oct 9, 2025
3 bds · 3 ba · 14,266 sqft
3601 Wellesley Drive NE, Albuquerque, 87107
433 Mesilla & 437 (4 lots) Street SE
Albuquerque, NM 87108
$2,323,232
$158/SqFt
3
Beds
2
Baths
14,688
SqFt Home
2
Stories
1979
Year Built
25,997
SqFt Lot
About this property
Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the… Show more
Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade. Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and
Property details for 433 Mesilla & 437 (4 lots) Street SE
Interior
Bedrooms Total:
3
Bathrooms Total:
2
Appliances:
Refrigerator
Flooring:
Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.6
Lot Size:
25,997 sqft
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
14,688 sqft
Year Built:
1979
Construction Materials:
Stucco
New Construction:
No
Builder Name:
Alexander
Levels:
Two
Number Of Units Total:
32
Stories:
2
Property Condition:
Resale
Provisional
MLS #:
1105475
Gross Income:
277423
Listing Terms:
Cash, Conventional
Number Of Buildings:
2
Operating Expense:
137492
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Total Actual Rent:
24137
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
Subdivision:
Emil Mann Addition
County:
Bernalillo
Parcel Number:
101905608747722104
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Wall Furnace
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
June 13, 2026
Location
Directions: From I-25 and Gibson, east to Mesilla, south to property
Homes for sale similar to 433 Mesilla & 437 (4 lots) Street SE
433 Mesilla & 437 (4 lots) Street SE Albuquerque, NM 87108 listed as MLS #1105475.
This 3 bedroom 14,688 sqft Multi Family built in 1979
located in Emil Mann Addition, Albuquerque NM 87108.
433 Mesilla & 437 (4 lots) Street SE is listed for $2,323,232 as MLS #1105475 courtesy of NM Apartment Advisors, Inc. Todd D Clarke.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from
sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’
personal, non-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
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Connect with a real estate agent today — Call/text (505) 521 8550
About International District
The International District occupies the part of southeast Albuquerque bounded by San Mateo Boulevard on the west, Lomas Boulevard on the north, Wyoming Boulevard on the east and Gibson Boulevard on the south. Little of it existed before World War II; the grid filled in between 1940 and 1960, as work at Kirtland Air Force Base and Sandia National Laboratories drove the city's postwar growth.
Read about International District Community.Connect with a local International District real estate agent
Call/text
(505) 521 8550
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Estimated Mortgage
$11,748/mo
Based on $465K down · 6.5% · 30yr