For sale

$1,144,491

609 Mesilla St SE, Albuquerque, NM 87108

9beds

7baths

6,896sqft

$8,091/mo

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Multi Family

Built in 1984

-- sqft lot

$-- Zestimate^®

$166/sqft

$-- HOA

What's special

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

69 days
37
2

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: 70 days
Listing terms: Cash,Conventional
Total actual rent: 14608
Tenant pays: Other, See Remarks

Estimated market value

Not available

Estimated sales range

Not available

$1,865/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