Exceptional opportunity to acquire a 13-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 8.35% 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, resulting in solid operations and tenant stability
For sale
$1,144,491
609 Mesilla St SE, Albuquerque, NM 87108
9beds
7baths
6,896sqft
Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
$166/sqft
$-- HOA
What's special
- 23 days |
- 118 |
- 1 |
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#: 1108384
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Built-In Gas Range, Refrigerator
Features
- Flooring: Carpet, Tile, Vinyl
Interior area
- Total structure area: 6,896
- Total interior livable area: 6,896 sqft
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
- Price per square foot: $166/sqft
- Tax assessed value: $504,494
- Annual tax amount: $15,448
- Date on market: 8/1/2026
- Cumulative days on market: 24 days
- Listing terms: Cash,Conventional
- Total actual rent: 14608
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,475/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2026 | Listed for sale | $1,144,491$166/sqft |
Source:  SWMLS #1108384 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,105 +103.4% | $168,148 +103.1% |
| 2024 | $3,492 +1.7% | $82,777 +3% |
| 2023 | $3,434 +3.5% | $80,366 +3% |
| 2022 | $3,319 +0.5% | $78,025 |
| 2021 | $3,303 -11.5% | $78,025 -10.3% |
| 2020 | $3,732 | $87,011 +3% |
| 2019 | -- | $84,477 |
| 2018 | $3,201 -8.4% | $84,477 +3% |
| 2017 | $3,494 +6.2% | $82,016 +6.1% |
| 2016 | $3,289 -95.6% | $77,309 +3% |
| 2015 | $75,058 +2325.6% | $75,058 +3% |
| 2014 | $3,094 | $72,872 +3% |
| 2013 | $3,094 | $70,750 |
| 2012 | -- | $70,750 |
| 2011 | -- | $70,750 -40.1% |
| 2010 | -- | $118,163 +77.2% |
| 2009 | -- | $66,689 +3% |
| 2008 | -- | $64,747 +3% |
| 2007 | -- | $62,862 +3% |
| 2006 | -- | $61,031 +3% |
| 2005 | -- | $59,253 +3% |
| 2004 | -- | $57,527 |
| 2003 | -- | $57,527 |
| 2002 | -- | $57,527 |
| 2001 | -- | $57,527 -1.2% |
| 2000 | -- | $58,227 |
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: 0.3 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 0.2 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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