$430,000
Listed on Aug 27, 2026
2 bds · 1 ba · 2,700 sqft
510 Mesilla Street SE 1-4, Albuquerque, 87108
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512 Mesilla Street SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 12.03.2025 for $433,651
2
Beds
1
Bath
3,000
SqFt Home
1
Story
1960
Year Built
6,970
SqFt Lot
About this property
potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new… Show more
potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10%
Property details for 512 Mesilla Street SE
Interior
Bathrooms Total:
1
Appliances:
Refrigerator
Flooring:
Carpet, Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.16
Lot Size:
6,970 sqft
Parking Total:
6
Building and construction
Property Type:
Residential Income
Property Sub Type:
Quadruplex
Property Sub Type Additional:
Quadruplex
Building Area Total:
3,000 sqft
Year Built:
1960
Construction Materials:
Block, Frame, Stucco
Levels:
One
Number Of Units Total:
4
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1077102
Gross Income:
41325
Listing Terms:
Cash, Conventional, FHA, VA Loan
Number Of Buildings:
1
Operating Expense:
13138
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
Subdivision:
Emil Mann
County:
Bernalillo
Parcel Number:
101905610544221316
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Wall Furnace
Heating (Y/N):
Yes
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512 Mesilla Street SE Albuquerque, NM 87108 listed as MLS #1077102.
This 2 bedroom 3,000 sqft Residential Income built in 1960 located in Albuquerque NM 87108.
512 Mesilla Street SE was sold for $433,651 as MLS #1077102.
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