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For sale
  • $4,989,000

    609-641 Mesilla St SE, Albuquerque, NM 87108

    3beds
    3baths
    --sqft
    : 
    $35,598/mo
    Get pre-qualified
    Multi Family
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Exceptional opportunity to acquire a 57-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 9,41% 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 in come and reducing collection risk. The property has been well maintained by hands-on local owner who has taken pride in managementand up keep, resulting in solid operations and tenant stability. Investment Highlights: 57 total units (1BR/1BA & 2BR/1BA mix) Strong cap rate with in-place income. Voucher-backed tenants providing consistent revenue. Well-maintained asset with pride of ownershipLocated in a high-demand workforce housing area. This is a rare opportunity to acquire a cash-flowing multifamily asset with scale, stability, and flexibility in Albuquerque.
    46 days
    98
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    Trey W. Whaley 505-269-1824,

    Trinity Apartment Company LLC 505-622-3240,

    Karen Eugenia Amaro 505-415-0941,

    Realty One of New Mexico

    Source: SWMLS,MLS#: 1110504MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      Heating
      • Wall Furnace
      Cooling
      • Evaporative Cooling
      Appliances
      • Included: Built-In Gas Range, Refrigerator
      Features
      • Flooring: Carpet, Tile, Vinyl

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Landscaping
      Lot
      • Size: 0.31 Acres
      Details
      • Parcel number: 101905608738320311
      • Zoning description: R-ML*

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Stucco
      Condition
      • Resale
      • New construction: No
      • Year built: 1984

      Utilities & green energy

      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected
      Green energy
      • Energy generation: None

      Community & HOA

      Community
      • Features: Laundry Facilities
      Location
      • Region: Albuquerque

      Financial & listing details

      • Annual tax amount: $15,448
      • Date on market: 9/4/2026
      • Cumulative days on market: 47 days
      • Listing terms: Cash,Conventional
      • Total actual rent: 60006
      • Tenant pays: Other, See Remarks

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/5/2026Listed for sale$4,989,000
        Source: SWMLS #1110504 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Trumbull Village

        Getting around

        64 / 100
        Somewhat Walkable
        40 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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