433 Mesilla & 437 4 lots Street SE, Albuquerque, NM 87108
MULTI_FAMILY - Albuquerque, NM
- Added:
- Jun 13, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 15 at 3:06 am
Property Features for 433 Mesilla & 437 4 lots Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101905608747722104
- Size
- 14,688 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Description
- Lots 13, 14, 15 & 16, Block 3, Emil Mann
- Tax Annual Amount
- 12250
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Number of units
- 32
- Flooring type
- Tile, Vinyl
- Building materials
- Stucco
Listing agent Todd D Clarke License #13711 (505) 440-8633
Listing office NM Apartment Advisors, Inc. 524 Central Ave. SW Suite 801, Albuquerque, NM (505) 440-8633
Listing date Jun 13, 2026
Copyright © 2026 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.
HighLights
- Year built: 1979
- Stucco construction with tile and vinyl flooring
- Includes refrigerator
- Average rents reported at $755 (at the stated asking price)
- Stated investment metrics: GRM 8.02 and cap rate 6.33%
- Stated pricing metrics: $2,323,232 asking price and $72,601 price per unit
Overview
The offering is located in Albuquerque, New Mexico (87108) within Bernalillo County. Public remarks note long-term ownership history dating back to the original construction and development.
The current listing is presented as a for-sale multifamily investment. The public remarks include underwriting figures provided with the asking price of $2,323,232, including average rents of $755, a low price per unit of $72,601, a price per square foot of $158, GRM of 8.02, and a cap rate of 6.33%. For tenants, this type of asset typically supports steady residential income through apartment operations, while for buyers and operators it offers an established multifamily platform with on-site land totaling 0.6 acres and a combined building footprint of 14,688 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.9k | $16.20 |
| − Vacancy | −$12.4k | −$0.84 |
| EGI | $225.6k | $15.36 |
| − OpEx | −$101.5k | −$6.91 |
| NOI | $124.1k | $8.45 |
Alternative Uses
Current Use by Public Records
Map
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.565706
- Latitude
- 35.071239
