433 Mesilla & 437 4 lots Street SE Albuquerque, NM 87108
MULTI_FAMILY - Albuquerque, NM
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, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
- 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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Year built: 1979
- Stucco construction with tile and vinyl flooring
- Includes refrigerator
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 |
