613 Mesilla Street SE, Albuquerque, NM 87108

$1,190,000

Property Type: Residential Income Square Footage: 6,408 Lot Size (sq. ft.): 12,371 Status: Active

Current Price: $1,190,000 List Date: 6/20/2026 Last Modified: 8/04/2026

Overview

Description

Exceptional opportunity to acquire a 14-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 7.70% 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.

Listing Details MLS# 1105932

Contract Information

List Price/SqFt: 185.71

Location

Street #: 613
Street Name: Mesilla
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3959
MLS Area Major: 71 - Southeast Heights
Zone Atlas: L19

CityCounty Data

Subdivision Name: Emil Mann Add

General Property Description

# of Units: 14
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 6408
Lot Size Source: On-Line
Acres: 0.28
Lot SqFt: 12371
Directions: Gibson to southern to Mesilla
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: Yes
Year Built: 1974
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: Yes

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: 14
# of Bedrooms: 14
# Baths: 14
Approx. SqFt: 500
Actual Rent: 1085
Max Rent: 1250
Market Rent: 1150

Unit Summary

Total Units: 14
Average Unit Size: 500
Average Actual Rent: 1085
Annualized: 182280
Total Actual Rent: 15190

Property Features

Construction Materials: Adobe Build Description: Resale Amenities: Balconies/Deck; Some Landscaping; Storage Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Laminate; Tile; Vinyl Green Energy Generation: None Electric Provider: Public Utility Metering: Individual Electric; Master Gas Operating Expenses: Accounting and Legal; Insurance; Property Taxes; Repairs/Maintenance Owner Pays: Some Utilities Tenant Pays: Some Utilities Parking: 1 Space Per Unit Roof: Flat Rental Info: Current Lse Agreemnt; Month To Month; Yearly Lease; Other - See Remarks Finance Considered: Cash; Conventional; Owner Financing Zoning: MX-M*

Listing Office: Trinity Apartment Company LLC

Last Updated: August - 04 - 2026

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613 Mesilla Street SE, Albuquerque, NM 87108 (MLS# 1105932)