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    408 Mesilla St SE Albuquerque, NM 87108

    For Sale
    $359,900

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    2,800 SF
    Lot size:
    0.16 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 408 Mesilla St SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2
    Bedrooms
    2
    Bathrooms
    1
    APN
    101905610551322216
    Parking
    1
    Interior features
    CeilingFans
    Appliances
    FreeStandingGasRange, Refrigerator
    Size
    2,800 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Frame

    The Maez Group (505) 718-4979 [email protected]

    Listing agent Joseph E Maez (505) 718-4979 License #17921

    Listing date Nov 24, 2025

    MLS# 1090758 Listing URL

    Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albuquerque Multifamily Investment Opportunity

    The property at 408 Mesilla Street in Albuquerque, NM, presents a multifamily investment opportunity. It consists of four units, each featuring two bedrooms and one bathroom. Each unit spans approximately 689 square feet. Ceramic tile is installed throughout the units. Each unit is equipped with a washer, dryer, refrigerator, and stove. Each unit has an assigned outdoor parking space. The property has separate gas and electricity meters for each unit, allowing for independent utility usage and billing. The property is fully occupied with 12-month leases. The lot size is 0.16 acres, and the total property size is 2800 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.565062
    Latitude
    35.072197

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    FAQs

    What type of property is this?
    Quadplex - Four units, each with two bedrooms and one bathroom.
    Where is this quadplex located?
    The property is located at 408 Mesilla St SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Fully occupied with 12-month leases, providing immediate rental income.; - Each unit includes a washer, dryer, refrigerator, and stove.; - Separate gas and electricity meters for each unit, simplifying utility management.
    (505) 718-4979
    Request Owner's contact information
    408 Mesilla St SE Albuquerque, NM 87108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 Mesilla St SE Albuquerque, NM 87108
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