For sale

$798,456

635 Mesilla St SE, Albuquerque, NM 87108

8beds

8baths

2,688sqft

$5,479/mo

Get pre-qualified

Multi Family

Built in 1970

-- sqft lot

$-- Zestimate^®

$297/sqft

$-- HOA

What's special

Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a 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 7.37% 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.

87 days
65
3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

Central

Cooling

Evaporative Cooling

Appliances

Included: Convection Oven, Refrigerator

Features

Flooring: Carpet, Tile, Vinyl

Interior area

Total structure area: 2,688
Total interior livable area: 2,688 sqft

Property

Features

Levels: One
Stories: 1
Patio & porch: Patio
Exterior features: Landscaping, Patio

Lot

Size: 6,969 Square Feet

Details

Parcel number: 101905608735620306
Zoning description: R-ML*

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

Resale
New construction: No
Year built: 1970

Utilities & green energy

Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Features: Patio
Subdivision: Emil Mann Addition

Location

Region: Albuquerque

Financial & listing details

Price per square foot: $297/sqft
Tax assessed value: $116,723
Annual tax amount: $5,451
Date on market: 6/2/2026
Cumulative days on market: 88 days
Listing terms: Cash,Conventional,VA Loan
Total actual rent: 10000
Tenant pays: Other, See Remarks

Estimated market value

Not available

Estimated sales range

Not available

$1,660/mo

Price history

Date	Event	Price
6/2/2026	Listed for sale	$798,456$297/sqft
Source: SWMLS #1104663 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,644 +3.2%	$38,904 +3%
2024	$1,594 +1.7%	$37,770 +3%
2023	$1,567 +3.5%	$36,672 +3%
2022	$1,514 +3.5%	$35,603 +3%
2021	$1,464 +1.7%	$34,567 +3%
2020	$1,440	$33,560 +3%
2019	--	$32,582
2018	$1,235 -8.4%	$32,582 +3%
2017	$1,348 +6.2%	$31,635 +6.1%
2016	$1,269 -95.6%	$29,819 +3%
2015	$28,951 +2325.7%	$28,951 +3%
2014	$1,194	$28,107 +3%
2013	$1,194	$27,290
2012	--	$27,290
2011	--	$27,290 +3%
2010	--	$26,498 -4.7%
2009	--	$27,817 +3%
2008	--	$27,007 +3%
2007	--	$26,220 +3%
2006	--	$25,458 +3%
2005	--	$24,716 +3%
2004	--	$23,997 +3%
2003	--	$23,298 -14.4%
2002	--	$27,230 -11.3%
2001	--	$30,697 +53.5%
2000	--	$19,998