Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath , catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 9.91% 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
$704,000
631 & 633 Mesilla St SE, Albuquerque, NM 87108
3beds
3baths
2,716sqft
Multi Family
Built in 1971
-- sqft lot
$678,400 Zestimate®
$259/sqft
$-- HOA
What's special
- 23 days
- 114
- 6
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#: 1108552
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Built-In Gas Range, Refrigerator
Features
- Flooring: Carpet, Tile, Vinyl
Interior area
- Total structure area: 2,716
- Total interior livable area: 2,716 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 101905608736620308
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- Resale
- New construction: No
- Year built: 1971
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: The Emil Mann Addition
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $259/sqft
- Annual tax amount: $5,451
- Date on market: 8/5/2026
- Listing terms: Cash,Conventional
- Total actual rent: 8486
- Tenant pays: Other, See Remarks
Estimated market value
$678,400
$644,000 - $712,000
$1,496/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $704,000-16.2%$259/sqft |
Source:  SWMLS #1108552 Report a problem | ||
| 5/22/2026 | Listing removed | $840,000$309/sqft |
Source: SWMLS #1097226 Report a problem | ||
| 1/23/2026 | Listed for sale | $840,000$309/sqft |
Source: SWMLS #1097226 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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