About 616 & 618 Mesilla Street Se
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.
Features of 616 & 618 Mesilla Street Se
| MLS® # | 1108479 |
|---|---|
| Price | $444,272 |
| Original Price | $444,272 |
| Price Per Sq.Ft. | $200.3 |
| Bedrooms | 2 |
| Bathrooms | 4.00 |
| Square Footage | 2,218 |
| Acres | 0.31 |
| Year Built | 1946 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 616 & 618 Mesilla Street Se |
|---|---|
| Area | 71 - Southeast Heights |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate, Tile, Vinyl |
|---|---|
| Interior Features | Ceiling Fan(s) |
| Appliances | Built-In Gas Range, Refrigerator |
| Heating | Wall Furnace |
| Cooling | Evaporative Cooling, Ceiling Fan(s) |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping |
|---|---|
| Construction | Stucco |
| Builder | Unkown |
Additional Information
| Date Listed | August 3rd, 2026 |
|---|---|
| Days on Market | 33 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional |
| Current Taxes | $8,042 |
Listing Details
| Office | Trinity Apartment Company LLC |
|---|