635 & 637 Mesilla Street SE, Albuquerque, NM 87108

$840,000

Property Type: Residential Income Square Footage: 2,688 Lot Size (sq. ft.): 6,752 Status: Active

Current Price: $840,000 List Date: 1/23/2026 Last Modified: 4/13/2026

Overview

Description

635 & 637 Mesilla Street presents a compelling multifamily investment opportunity in the heart of Albuquerque. This well maintained property consists of 8 well configured, 1 bed, 1 bath units. Property has a strong and consistent rental demand. This offering represents an excellent opportunity for investors seeking a manageable-size multifamily asset with durable income. Enjoy close proximity to restaurants, shopping and freeway access. All units are occupied.

Listing Details MLS# 1097202

Contract Information

List Price/SqFt: 312.5

Location

Street #: 635 & 637
Street Name: Mesilla
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3956
MLS Area Major: 71 - Southeast Heights
Zone Atlas: L19

CityCounty Data

Subdivision Name: Emil Mann Addition

General Property Description

# of Units: 8
5+ Units: Yes
Property Sub-Type: Other - See Remarks
Living Area: 2688
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6752
Directions: From Louisiana and Southern head East on Southern, Left on Mesilla.
Stories: Yes
Total Stories in Bldg: Yes
Total # of Buildings: Yes
Year Built: 1970
Year Built Source: Public Records
Age: Select One
# Parking Spaces: 8
Accessory Dwelling Unit: No
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: No
Evaporative Cooling: Yes

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 953
Max Rent: 1206
Market Rent: 1206

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 6500
Actual Rent: 1000
Max Rent: 1206
Market Rent: 1206

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 800
Max Rent: 1206
Market Rent: 1206

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 800
Max Rent: 1206
Market Rent: 1206

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 1206
Max Rent: 1206
Market Rent: 1206

# of Unit Types (6)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 1036
Max Rent: 1206
Market Rent: 1206

# of Unit Types (7)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 860
Max Rent: 1206
Market Rent: 1206

# of Unit Types (8)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 1050
Max Rent: Yes
Market Rent: Yes

Unit Summary

Total Units: 8
Average Unit Size: 1381.25
Average Actual Rent: 963.12
Annualized: 92460
Total Actual Rent: 7705

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101905608735620306

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 3387.98

Construction Materials

Block: Yes

Amenities

Outside Lights: Yes
Private Patios: Yes
Some Landscaping: Yes

Flooring

Carpet: Yes
Laminate: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Sewer: Yes
Some Utilities: Yes
Water: Yes

Tenant Pays

Some Utilities: Yes

Income & Expenses

Annual Gross Income: 89280.43
Operating Expenses: 15832

Build Description

Resale: Yes

Appliances included

Free-Standing Gas Range: Yes
Refrigerator: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Miscellaneous Info

No Sign: Yes
Pets Limited: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes
Irregular Metering: Yes

Operating Expenses

Insurance: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Utilities: Yes

Parking

1 Space Per Unit: Yes

Roof

Flat: Yes
Tar Gravel: Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes

Rental Info

Current Lse Agreemnt: Yes
Month To Month: Yes
Rental History Avail: Yes
Yearly Lease: Yes

Zoning

R-ML*: Yes

Property Features

Construction Materials: Block Build Description: Resale Amenities: Outside Lights; Private Patios; Some Landscaping Appliances included: Free-Standing Gas Range; Refrigerator Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Laminate Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign; Pets Limited Metering: Individual Electric; Individual Gas; Irregular Metering Operating Expenses: Insurance; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Sewer; Some Utilities; Water Tenant Pays: Some Utilities Parking: 1 Space Per Unit Roof: Flat; Tar Gravel Rental Info: Current Lse Agreemnt; Month To Month; Rental History Avail; Yearly Lease Finance Considered: Cash; Conventional; FHA Zoning: R-ML*

Listing Office: The Maez Group

Last Updated: April - 13 - 2026

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