About 635 & 637 Mesilla Street Se
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.
Features of 635 & 637 Mesilla Street Se
| MLS® # | 1104663 |
|---|---|
| Price | $798,456 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Square Footage | 2,688 |
| Acres | 0.16 |
| Year Built | 1970 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 635 & 637 Mesilla Street Se |
|---|---|
| Area | 71 - Southeast Heights |
| Subdivision | Emil Mann Addition |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Features | Patio |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Tile, Vinyl |
|---|---|
| Appliances | Convection Oven, Refrigerator |
| Heating | Central |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping, Patio |
|---|---|
| Construction | Brick |
Additional Information
| Date Listed | June 2nd, 2026 |
|---|---|
| Days on Market | 112 |
| RE / Bank Owned | No |
Listing Details
| Office | Trinity Apartment Company LLC |
|---|
Listing Map
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