631 & 633 Mesilla Street SE, Albuquerque, NM 87108

  • Active

 $704,000

  • 3 BedroomBedrooms
  • 3 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Multi-Family
  • Active
  • MLS# 1108552
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

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

Property Details

General

  • Subdivision: The Emil Mann Addition
  • County: Bernalillo
  • Acreage: 0.16
  • Beds: 3
  • Year Built: 1971
  • Sq. Ft.: 4,284
  • Lot Dimensions: Public Records

Financial Considerations

  • Tax Amount: $5,451

Activity

  • Days On Market: 87
  • List Date: 08/01/2026
 

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