631 & 633 Mesilla Street SE, Albuquerque, NM 87108 (MLS # 1108552)
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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 , catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 9.91% 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
| DAYS ON MARKET | 15 | LAST UPDATED | 8/5/2026 |
|---|---|---|---|
| TRACT | The Emil Mann Addition | YEAR BUILT | 1971 |
| COMMUNITY | 71 - Southeast Heights | COUNTY | Bernalillo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Gas Range, Refrigerator |
| AREA | 71 - Southeast Heights |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 6970 sq ft |
| STORIES | 1 |
| SUBDIVISION | The Emil Mann Addition |
| TAXES | 5451.11 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| ZONING | R-ML* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Trinity Apartment Company LLC
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