For sale

$444,272

616 & 618 Mesilla St SE, Albuquerque, NM 87108

2beds

4baths

2,218sqft

$3,076/mo

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Multi Family

Built in 1946

-- sqft lot

$-- Zestimate^®

$200/sqft

$-- HOA

What's special

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.

3 days

66

3

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: 4 days
Listing terms: Cash,Conventional
Total actual rent: 5410
Tenant pays: Other, See Remarks

Estimated market value

Not available

Estimated sales range

Not available

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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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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