$760,000
Listed on Aug 29, 2026
8 bds · 5 ba · 3,116 sqft
622 Jefferson Street NE, Albuquerque, 87110
635 & 637 Mesilla Street SE
Albuquerque, NM 87108
$798,456
$297/SqFt
8
Beds
8
Baths
2,688
SqFt Home
1
Story
1970
Year Built
6,752
SqFt Lot
About this property
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a unit mix of 1-bedroom/1-bath catering to… Show more
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a 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 7.37% 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.
Property details for 635 & 637 Mesilla Street SE
Interior
Bedrooms Total:
8
Bathrooms Total:
8
Appliances:
Convection Oven, Refrigerator
Flooring:
Carpet, Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.16
Lot Size:
6,752 sqft
Exterior Features:
Landscaping, Patio
Patio And Porch Features:
Patio
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
2,688 sqft
Year Built:
1970
Construction Materials:
Brick
New Construction:
No
Levels:
One
Number Of Units Total:
8
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1104663
Listing Terms:
Cash, Conventional, VA Loan
Number Of Buildings:
2
Tenant Pays:
Other, See Remarks
Total Actual Rent:
10000
Area and schools
Community Features:
Patio
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
Subdivision:
Emil Mann Addition
County:
Bernalillo
Parcel Number:
101905608735620306
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
June 2, 2026
Location
Directions: East on gibson to lousiana
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Homes recently sold near 635 & 637 Mesilla Street SE
635 & 637 Mesilla Street SE Albuquerque, NM 87108 listed as MLS #1104663.
This 8 bedroom 2,688 sqft Multi Family built in 1970
located in Emil Mann Addition, Albuquerque NM 87108.
635 & 637 Mesilla Street SE is listed for $798,456 as MLS #1104663 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 635 & 637 Mesilla Street SE, Albuquerque, NM 87108
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Estimated Mortgage
$4,037/mo
Based on $160K down · 6.5% · 30yr