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631 & 633 Mesilla Street SE
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631 & 633 Mesilla Street SE
631 & 633 Mesilla Street SE
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631 & 633 Mesilla Street SE

Albuquerque, NM 87108

$704,000
3 bd • 3 ba • 2,716 sqft • 0.16 acres
1 Story
Stories
$259
Per SQFT
1971
Year Built
08/05/2026
Listing Date
1108552
Listing #
87108
Zip Code

About This Property

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 , catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 9.91% 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.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

Interior

Bathrooms Total: 3
Appliances: Built-In Gas Range, Refrigerator
Flooring: Carpet, Tile, Vinyl

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Property Sub Type Additional: Multi Family
Building Area Total: 2,716 sqft
Year Built: 1971
Construction Materials: Stucco
Builder Name: Unkown
Levels: One
Number Of Units Total: 8
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16
Lot Size Square Feet: 6,752 sqft

Provisional

MLS #: 1108552
Listing Terms: Cash, Conventional
Number Of Buildings: 2
Owner Pays: Other, See Remarks
Tenant Pays: Other, See Remarks
Total Actual Rent: 8486

Area And Schools

City: Albuquerque
Postal Code: 87108
MLS Area Major: Southeast Heights
Subdivision: The Emil Mann Addition
County: Bernalillo
Parcel Number: 101905608736620308

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: Take Exit 223 for Gibson Blvd.Head east on Gibson Blvd SE.Turn left onto University Blvd SE.Turn right onto Avenida Cesar Chavez SE.Turn left onto Broadway Blvd SE.Turn right onto Mesilla St SE.Continue to 631 Mesilla St SE, which will be on your left.

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Listing courtesy of Trinity Apartment Company LLC
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

(505) 521 8550