$1,190,000

$186/sqftactive

613 Mesilla Street SE, Albuquerque, NM 87108

45 days on market

18 views

Beds

Baths

Sqft

6,408

Lot

12,371 sqft

Built

1974

Type

multi family

About This Property

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.

Features & Amenities

Landscaping

Refrigerator

Carpet Flooring

Laminate Flooring

Tile Flooring

Vinyl Flooring

2 Stories

Subdivision: Emil Mann Add

Property Details

MLS #	1105932
Property Type	multi family
Year Built	1974
Heating	ForcedAir
Cooling	EvaporativeCooling
Lot Size	12,371 sqft
Property Tax (est.)	$8,042/yr ($670/mo)
Price / Sqft	$186
Status	Active
Days on Market	45

About Nob Hill → Full Guide

Price vs. Neighborhood

This home

$1,190,000

Nob Hill median

$368,000

223% above the Nob Hill median. Homes here sell in an average of 41 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

6/10

Jefferson Middle School

6-8 · APS

5/10

Highland High School

9-12 · APS

5/10

UNM (University of New Mexico)

Higher Ed · State

Neighborhood Guide

Explore Nob Hill

Eclectic & Walkable

Listing courtesy of Trinity Apartment Company LLC. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.