This well maintained 6-unit investment property offers an excellent opportunity to own a centrally located income-producing asset with numerous recent capital improvements. Two sep. deeded triplexes. Recent updates include evaporative cooler, windows at 501 B & C, & 505 B, improving energy efficiency & tenant comfort. Several units feature tasteful remodeling & modern upgrades, including durable tile flooring, recessed lighting, & 80% energy-efficient furnaces in select units. Functional floor plans & courtyard-style layout appeal to tenants seeking convenience & affordability. Whether you're expanding your investment portfolio or entering multifamily ownership, this property offers strong income potential with meaningful upgrades. Newer roof in past few years at 501, 505 in past apprx 7yr
For sale
$560,000
501-505 Mesilla St SE, Albuquerque, NM 87108
10beds
6baths
--sqft
:
Get pre-qualified$3,730/mo
Multi Family
Built in 1963
-- sqft lot
$537,300 Zestimate®
$--/sqft
$-- HOA
What's special
Modern upgradesTasteful remodelingFunctional floor plansDurable tile flooringCourtyard-style layoutNewer roofEvaporative cooler
- 79 days |
- 128 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Jeremiah D. Collins 505-710-5478,
Real Broker, LLC 505-557-4976
Source: SWMLS,MLS#: 1103106
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Heating
- Forced Air
Cooling
- Evaporative Cooling
Features
- Flooring: Tile
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101905608745621223
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Resale
- New construction: No
- Year built: 1963
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Albuquerque
Financial & listing details
- Annual tax amount: $2,735
- Date on market: 5/7/2026
- Cumulative days on market: 79 days
- Listing terms: Cash,Conventional
- Total actual rent: 6281
- Tenant pays: None
Estimated market value
$537,300
$510,000 - $564,000
$1,187/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Listed for sale | $560,000-19.9% |
Source:  SWMLS #1103106 Report a problem | ||
| 9/10/2024 | Listing removed | $699,000 |
Source: SWMLS #1060143 Report a problem | ||
| 4/5/2024 | Listed for sale | $699,000 |
Source: SWMLS #1060143 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Trumbull Village
Nearby schools
GreatSchools rating
- 5/10Emerson Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.5 mi
- $89,3615 bd4 ba2.2k sqft501 Mesilla St SE, Albuquerque, NM 87108Off Market
- $--1 bd1 ba650 sqft501 Mesilla St SE #B, Albuquerque, NM 87108Off Market
- $--1 bd1 ba625 sqft501 Mesilla St SE #A, Albuquerque, NM 87108Off Market
- $104,8756 bd3 ba2.5k sqft505 Mesilla St SE, Albuquerque, NM 87108Off Market
- $--5 bd7 ba1.5k sqft511 Mesilla St SE, Albuquerque, NM 87108Sold
- $38,200-- bd-- ba-- sqft437 Mesilla St SE, Albuquerque, NM 87108Off Market
- $--1 bd1 ba535 sqft437 Mesilla St SE UNIT 208, Albuquerque, NM 87108Off Market
- $--1 bd1 ba650 sqft437 Mesilla St SE UNIT 103, Albuquerque, NM 87108Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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