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.
For sale
$4,989,000
609-641 Mesilla St SE, Albuquerque, NM 87108
3beds
3baths
--sqft
Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 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#: 1110504
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
| Date | Event | Price |
|---|---|---|
| 9/5/2026 | Listed for sale | $4,989,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment







