616 & 618 Mesilla Street SE, Albuquerque, NM 87108

  • Active

 $444,272

  • 2 BedroomBedrooms
  • 4 BathroomBathrooms
  • 1,480 Sq.Ft.
  • Multi-Family
  • Active
  • MLS# 1108479
  • Sold On
  • Rental
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Source MLS Verified

PROPERTY DESCRIPTION

Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/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 8.74% caprate, 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

  • County: Bernalillo
  • Acreage: 0.31
  • Beds: 2
  • Year Built: 1946
  • Sq. Ft.: 1,480
  • Lot Dimensions: Public Records

Interior Features

  • Interior Features: Ceiling Fan(s)

Financial Considerations

  • Tax Amount: $8,042

Activity

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

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