$2,323,232
$158/sqftactive433 Mesilla & 437 (4 lots) Street SE, Albuquerque, NM 87108
Beds
3
Baths
2
Sqft
14,688
Lot
25,997 sqft
Built
1979
Type
multi family
About This Property
Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade. Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and
Features & Amenities
Property Details
| MLS # | 1105475 |
| Property Type | multi family |
| Year Built | 1979 |
| Heating | WallFurnace |
| Cooling | EvaporativeCooling |
| Lot Size | 25,997 sqft |
| Property Tax (est.) | $12,250/yr ($1,021/mo) |
| Price / Sqft | $158 |
| Status | Active |
| Days on Market | 0 |
About Nob Hill → Full Guide
Price vs. Neighborhood
This home
Nob Hill median
520% above the Nob Hill median. Homes here sell in an average of 38 days.
Commute Times
Unm
5 min
Downtown
10 min
Abq Studios
20 min
Sandia Labs
20 min
Kirtland Afb
15 min
Presbyterian
12 min
Intel Rio Rancho
35 min
Nearby Schools
Monte Vista Elementary
K-5 · APS
Jefferson Middle School
6-8 · APS
Highland High School
9-12 · APS
UNM (University of New Mexico)
Higher Ed · State
Neighborhood Guide
Explore Nob Hill
Eclectic & Walkable
Listing courtesy of NM Apartment Advisors, Inc.. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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