With a portal you are able to:
- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
609-641 Mesilla Street SE, Albuquerque, NM 87108
New Listing
$4,989,000
Property Type:
Residential Income
Lot Size (sq. ft.):
13,504
Status:
Active
Current Price:
$4,989,000
List Date:
9/04/2026
Last Modified:
9/05/2026
Overview
Description
...
(Read more)
Exceptional opportunity to acquire a 57-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 9,41% 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 in come and reducing collection risk. The property has been well maintained by hands-on local owner who has taken pride in management
and up keep, resulting in solid operations and tenant stability. Investment Highlights: 57 total units (1BR/1BA & 2BR/1BA mix) Strong cap rate with in-place income. Voucher-backed tenants providing consistent revenue. Well-maintained asset with pride of ownership
Located in a high-demand workforce housing area. This is a rare opportunity to acquire a cash-flowing multifamily asset with scale, stability, and flexibility in Albuquerque.
Listing Details MLS# 1110504
Location
- Street #
- 609-641
- Street Name
- Mesilla
- St Suffix
- Street
- Post Direction
- SE
- County
- Bernalillo
- City/Town Code
- Albuquerque
- State/Province
- NM
- Zip Code
- 87108
- Zip +4
- 3988
- MLS Area Major
- 71 - Southeast Heights
- Zone Atlas
- L19
General Property Description
- # of Units
- 57
- 5+ Units
- Yes
- Units for Sale
- 57
- Property Sub-Type
- Multi-Family
- Lot Size Source
- On-Line
- Acres
- 0.31
- Lot SqFt
- 13504
- Directions
- Take Exit 222A for Gibson Blvd. Head east on Gibson Blvd SE. Turn left (north) onto Broadway Blvd SE. Turn right (east) onto Mesilla St SE. Continue to 609 Mesilla St SE, which will be on your left. (Google maps)
- Stories
- 2
- Total # of Buildings
- 11
- Year Built
- 1984
- Age
- Select One
- Accessory Dwelling Unit
- No
- Disability Access
- Unknown
- LBP Disclosure
- Yes
- Builder
- Unkown
- Owner Occupant Unit
- No
- Flood Zone
- X
Cooling
- Centrally Ducted
- Yes
Sales Info
- Trade/Xch Considered
- No
# of Unit Types (1)
- # of Units
- 48
- # of Bedrooms
- Yes
- # Baths
- Yes
- Approx. SqFt
- 600
- Actual Rent
- 1084
- Max Rent
- 1206
- Market Rent
- 1100
More Information
# of Unit Types (2)
- # of Units
- 3
- # of Bedrooms
- 2
- # Baths
- Yes
- Approx. SqFt
- 700
- Actual Rent
- 1258
- Max Rent
- 1350
- Market Rent
- 1250
# of Unit Types (3)
- # of Units
- 6
- # Baths
- Yes
- Approx. SqFt
- 384
- Actual Rent
- 700
- Max Rent
- 850
- Market Rent
- 700
Unit Summary
- Total Units
- 57
- Average Unit Size
- 582.52
- Average Actual Rent
- 1052.73
- Annualized
- 720072
- Total Actual Rent
- 60006
Property Features
Construction Materials:
Stucco
Build Description:
Resale
Amenities:
Laundry Community; Some Landscaping
Appliances included:
Built-In Gas Range; Refrigerator
Utilities:
Electricity Connected; Sewer Connected; Water Connected
Heating:
Wall Unit
Cooling:
Evaporative Cooling
Flooring:
Carpet; Tile; Vinyl
Green Energy Generation:
None
Electric Provider:
None
Metering:
Individual Electric; Master Gas
Owner Pays:
Some Utilities; Other - See Remarks
Tenant Pays:
Some Utilities; Other - See Remarks
Parking:
1 Space Per Unit
Roof:
TPO (G)
Rental Info:
Current Lse Agreemnt; Month To Month; Yearly Lease
Finance Considered:
Cash; Conventional
Showing Requirements:
Call Listing Agent
Zoning:
R-ML*
Listing Office:
Trinity Apartment Company LLC
Last Updated: September - 05 - 2026
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.