Homes by Carolyn Fischman

609 Mesilla Street SE, Albuquerque, NM 87108 (MLS# 1108384)

609 Mesilla Street SE, Albuquerque, NM 87108

$1,144,491
Property Type: Residential Income Square Footage: 6,896 Lot Size (sq. ft.): 13,504 Status: Active
Current Price: $1,144,491 List Date: 8/01/2026 Last Modified: 8/04/2026

Overview

Description

Exceptional opportunity to acquire a 13-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 8.35% 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

Listing Details MLS# 1108384

Contract Information

List Price/SqFt
165.96

Location

Street #
609
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
13
5+ Units
Yes
Units for Sale
13
Property Sub-Type
Multi-Family
Living Area
6896
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
Yes
Year Built
1984
Age
Select One
Accessory Dwelling Unit
No
Disability Access
Unknown
LBP Disclosure
No
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
4
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
600
Actual Rent
1206
Max Rent
1206
Market Rent
1100

More Information

# of Unit Types (2)

# of Units
4
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
600
Actual Rent
1084
Max Rent
1206
Market Rent
1100

# of Unit Types (3)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
700
Actual Rent
1258
Max Rent
1350
Market Rent
1250

# of Unit Types (4)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
700
Actual Rent
1300
Max Rent
1350
Market Rent
1250

# of Unit Types (5)

# of Units
Yes
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
600
Actual Rent
1037
Max Rent
1206
Market Rent
1100

# of Unit Types (6)

# of Units
Yes
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
600
Actual Rent
900
Max Rent
1206
Market Rent
1100

# of Unit Types (7)

# of Units
Yes
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
600
Actual Rent
953
Max Rent
1206
Market Rent
1100

Unit Summary

Total Units
13
Average Unit Size
615.38
Average Actual Rent
1123.69
Annualized
175296
Total Actual Rent
14608

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*

Documents

Listing Office: Trinity Apartment Company LLC
Last Updated: August - 04 - 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.

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