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 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 7.37% 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.
For sale
$798,456
635 Mesilla St SE, Albuquerque, NM 87108
8beds
8baths
2,688sqft
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$297/sqft
$-- HOA
What's special
- 42 days |
- 55 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Trey W. Whaley 505-269-1824,
Trinity Apartment Company LLC 505-622-3240
Source: SWMLS,MLS#: 1104663
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
- 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
$1,856/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 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Trumbull Village
Nearby schools
GreatSchools rating
- 5/10Emerson Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 0.1 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.5 mi
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