Property photo 1
Property photo 2
14 Beds
14 Baths
6,408 sqft

$1,190,000

613 Mesilla Street SE, Albuquerque NM, 87108

Price per sqft$185.71
Built in1974
Property size6,408 sqft
Property typeMulti-family
Courtesy of Trinity Apartment Company LLC

Overview

Active

Listed Jun 20, 2026

Updated Aug 5

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.

$7,917/mo

Est. mortgage payment based on a $1,190,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1105932

Interior Features

Bedrooms
14
Bathrooms
14
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.28 Acres

Other Property Details

Taxes
$8,042
Tax Frequency
Annually
MLS provider logo

The information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ralph Alan Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Powered by Luxury Presence