Exceptional opportunity to acquire a 14-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 7.70% 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.
For sale
Price cut: $207.3K (7/29)
$1,190,000
613 Mesilla St SE, Albuquerque, NM 87108
14beds
14baths
6,408sqft
Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$186/sqft
$-- HOA
What's special
- 69 days
- 78
- 3
Zillow last checked:
Listing updated:
Listed by:
Trey W. Whaley 505-269-1824,
Trinity Apartment Company LLC 505-622-3240
Source: SWMLS,MLS#: 1105932
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 14
Heating
- Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet, Laminate, Tile, Vinyl
Interior area
- Total structure area: 6,408
- Total interior livable area: 6,408 sqft
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Landscaping
Lot
- Size: 0.28 Acres
Details
- Parcel number: 101905608737420309
- Zoning description: MX-M*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Adobe
Condition
- Resale
- New construction: No
- Year built: 1974
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Deck/Porch, Storage Facilities
- Subdivision: Emil Mann Add
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $172,212
- Annual tax amount: $8,042
- Date on market: 6/20/2026
- Cumulative days on market: 70 days
- Listing terms: Cash,Conventional,Owner May Carry
- Total actual rent: 15190
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$970/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $1,190,000-14.8%$186/sqft |
Source:  SWMLS #1105932 Report a problem | ||
| 6/20/2026 | Listed for sale | $1,397,298$218/sqft |
Source: SWMLS #1105932 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,425 +3.2% | $57,399 +3% |
| 2024 | $2,351 +1.7% | $55,726 +3% |
| 2023 | $2,312 +3.5% | $54,104 +3% |
| 2022 | $2,234 +0.5% | $52,528 |
| 2021 | $2,224 -30.5% | $52,528 -29.6% |
| 2020 | $3,199 | $74,585 +3% |
| 2019 | -- | $72,413 |
| 2018 | $2,744 -8.4% | $72,413 +3% |
| 2017 | $2,995 +6.2% | $70,305 +6.1% |
| 2016 | $2,819 -95.6% | $66,270 +3% |
| 2015 | $64,340 +2325.6% | $64,340 +3% |
| 2014 | $2,653 | $62,467 +3% |
| 2013 | $2,653 | $60,647 |
| 2012 | -- | $60,647 |
| 2011 | -- | $60,647 -34% |
| 2010 | -- | $91,935 +60.8% |
| 2009 | -- | $57,167 +3% |
| 2008 | -- | $55,501 +3% |
| 2007 | -- | $53,886 +3% |
| 2006 | -- | $52,317 +3% |
| 2005 | -- | $50,794 |
| 2004 | -- | $50,794 |
| 2003 | -- | $50,794 -11.6% |
| 2002 | -- | $57,428 |
| 2001 | -- | $57,428 -0.7% |
| 2000 | -- | $57,861 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Trumbull Village
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