4 Photos
635 Mesilla Street SE
Albuquerque, NM 87108
$798,456
8 bd • 8 ba • 2,688 sqft • 0.16 acres
1 Story
Stories
$297
Per SQFT
1970
Year Built
06/02/2026
Listing Date
1104663
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 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 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.
Interior
Bathrooms Total:
8
Appliances:
Convection Oven, 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:
2,688 sqft
Year Built:
1970
Construction Materials:
Brick
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
Exterior Features:
Landscaping, Patio
Patio And Porch Features:
Patio
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
Location
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Directions: East on gibson to lousiana
Mortgage Calculator
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Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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Listing courtesy of Trinity Apartment Company LLC
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.
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
Real Estate Broker in Albuquerque, NM