Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/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 8.74% caprate, 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
$444,272
616 & 618 Mesilla St SE, Albuquerque, NM 87108
2beds
4baths
2,218sqft
Multi Family
Built in 1946
-- sqft lot
$423,900 Zestimate®
$200/sqft
$-- HOA
What's special
- 81 days
- 75
- 5
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#: 1108479
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Evaporative Cooling, Ceiling Fan(s)
Appliances
- Included: Built-In Gas Range, Refrigerator
Features
- Ceiling Fan(s)
- Flooring: Carpet, Laminate, Tile, Vinyl
Interior area
- Total structure area: 2,218
- Total interior livable area: 2,218 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
Lot
- Size: 0.31 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101905610537120417
- Zoning description: R-T*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- Resale
- New construction: No
- Year built: 1946
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $200/sqft
- Annual tax amount: $8,042
- Date on market: 8/3/2026
- Cumulative days on market: 82 days
- Listing terms: Cash,Conventional
- Total actual rent: 5410
- Tenant pays: Other, See Remarks
Estimated market value
$423,900
$403,000 - $445,000
$1,576/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $444,272$200/sqft |
Source:  SWMLS #1108479 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Trumbull Village
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