$420,000
Listed on Sep 5, 2026
3 bds · 2 ba · 2,451 sqft
632 Alcazar Street SE, Albuquerque, 87108
616 & 618 Mesilla Street SE
Albuquerque, NM 87108
$444,272
$200/SqFt
2
Beds
4
Baths
2,218
SqFt Home
1
Story
1946
Year Built
13,504
SqFt Lot
About this property
Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/1-bath… Show more
Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/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 8.74% caprate, 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, resulting in solid operations and tenant stability.
Property details for 616 & 618 Mesilla Street SE
Interior
Bedrooms Total:
2
Bathrooms Total:
4
Interior Features:
Ceiling Fan(s)
Appliances:
Built-In Gas Range, Refrigerator
Flooring:
Carpet, Laminate, Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.31
Lot Size:
13,504 sqft
Exterior Features:
Landscaping
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
2,218 sqft
Year Built:
1946
Construction Materials:
Stucco
New Construction:
No
Builder Name:
Unkown
Levels:
One
Number Of Units Total:
6
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1108479
Listing Terms:
Cash, Conventional
Number Of Buildings:
3
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Total Actual Rent:
5410
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
County:
Bernalillo
Parcel Number:
101905610537120417
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling, Ceiling Fan(s)
Heating:
Wall Furnace
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
August 3, 2026
Location
Directions: Take Exit 222A for Gibson Blvd and head east.Continue on Gibson Blvd for about 1.5 miles.Turn right (south) onto San Mateo Blvd SE.Turn left (east) onto Avenida CA(c)sar Chavez SE.Turn right (south) onto Mesilla St SE.Continue south to 616 Mesilla St SE and 618 Mesilla St SE
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616 & 618 Mesilla Street SE Albuquerque, NM 87108 listed as MLS #1108479.
This 2 bedroom 2,218 sqft Multi Family built in 1946
located in Albuquerque NM 87108.
616 & 618 Mesilla Street SE is listed for $444,272 as MLS #1108479 courtesy of Trinity Apartment Company LLC Trey W. Whaley.
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.
Searches related to 616 & 618 Mesilla Street SE, Albuquerque, NM 87108
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Estimated Mortgage
$2,246/mo
Based on $89K down · 6.5% · 30yr