On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market such a well-priced, updated 4-plex with sizeable two bedroom, one bathroom units and secured courtyard entry.Recent building modernization includes: new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers, new evaporative cool-ers, updated electrical, wrought iron security fencing, updated toilets, as well as more recent updates to some of the mechanical systems on the property.Exceptional and very rare opportunity for such a well-updated 4-plex priced with an 8 Cap and nearly a 10% cash on cash return for an owner occupant or a 7.2Cap for an investor with professional property management.
For sale
$389,160
512 Mesilla St SE, Albuquerque, NM 87108
8beds
4baths
2,700sqft
Quadruplex, Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$144/sqft
$-- HOA
What's special
Updated toiletsSynthetic stuccoWrought iron security fencingSecured courtyard entryNew vanitiesHard surface flooringNew lighting
- 5 days |
- 281 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Kyle E Deacon 505-878-0100,
Deacon Property Services 505-878-0100
Source: SWMLS,MLS#: 1109467
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Dryer, Free-Standing Gas Range, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Carpet Free, Tile, Vinyl
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
Property
Parking
- Total spaces: 6
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Lighting, Patio
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101905610544221316
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco, Synthetic Stucco
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Patio, Storage Facilities
- Security: Complex Fenced, Security Gate
- Subdivision: Mann Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $144/sqft
- Tax assessed value: $276,257
- Annual tax amount: $3,890
- Date on market: 8/19/2026
- Listing terms: Cash,Conventional
- Total actual rent: 3919
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$1,067/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $389,160-10.3%$144/sqft |
Source:  SWMLS #1109467 Report a problem | ||
| 12/4/2025 | Listing removed | $433,651$161/sqft |
Source: SWMLS #1077102 Report a problem | ||
| 1/25/2025 | Listed for sale | $433,651+179.8%$161/sqft |
Source: SWMLS #1077102 Report a problem | ||
| 1/4/2019 | Sold | -- |
Source: SWMLS #931485 Report a problem | ||
| 12/1/2018 | Pending sale | $155,000$57/sqft |
Source: Coldwell Banker Legacy #931485 Report a problem | ||
| 12/1/2018 | Listed for sale | $155,000$57/sqft |
Source: Coldwell Banker Legacy #931485 Report a problem | ||
| 9/30/2014 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,891 +3.2% | $92,076 +3% |
| 2024 | $3,772 +1.7% | $89,395 +3% |
| 2023 | $3,709 +0.5% | $86,792 |
| 2022 | $3,692 +94.5% | $86,792 +93.6% |
| 2021 | $1,898 +1.7% | $44,835 +3% |
| 2020 | $1,867 | $43,529 -4.2% |
| 2019 | -- | $45,456 |
| 2018 | $1,882 -2.8% | $45,456 |
| 2017 | $1,936 +3.1% | $45,456 +3% |
| 2016 | $1,878 -95.7% | $44,132 |
| 2015 | $44,132 +3231.5% | $44,132 +41.5% |
| 2014 | $1,325 | $31,197 -20.2% |
| 2013 | $1,325 | $39,096 |
| 2012 | -- | $39,096 |
| 2011 | -- | $39,096 -15.1% |
| 2010 | -- | $46,071 +3% |
| 2009 | -- | $44,730 +3% |
| 2008 | -- | $43,427 +3% |
| 2007 | -- | $42,162 |
| 2006 | -- | $42,162 +39.6% |
| 2005 | -- | $30,192 +3% |
| 2004 | -- | $29,313 +3% |
| 2003 | -- | $28,459 +3% |
| 2002 | -- | $27,630 |
| 2001 | -- | $27,630 +21.7% |
| 2000 | -- | $22,698 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Trumbull Village
Nearby schools
GreatSchools rating
- 5/10Emerson Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.5 mi
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