433 Mesilla & 437 (4 lots) Street SE
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433 Mesilla & 437 (4 lots) Street SE
433 Mesilla & 437 (4 lots) Street SE
433 Mesilla & 437 (4 lots) Street SE
433 Mesilla & 437 (4 lots) Street SE
433 Mesilla & 437 (4 lots) Street SE
433 Mesilla & 437 (4 lots) Street SE

433 Mesilla & 437 (4 lots) Street SE

Albuquerque, NM 87108

$2,323,232
3 bd • 2 ba • 14,688 sqft • 0.6 acres
2 Story
Stories
$158
Per SQFT
1979
Year Built
06/13/2026
Listing Date
1105475
Listing #
87108
Zip Code

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 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

Interior

Bathrooms Total: 2
Appliances: Refrigerator
Flooring: Tile, Vinyl

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
Builder Name: Alexander
Levels: Two
Number Of Units Total: 32
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.6
Lot Size Square Feet: 25,997 sqft

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

Location

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Directions: From I-25 and Gibson, east to Mesilla, south to property

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Listing courtesy of NM Apartment Advisors, Inc.
Southwest MLS Logo 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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM