Six-Unit Apartment
For Sale
$560,000
501-505 Mesilla St SE, Albuquerque, NM 87108
Two separately deeded triplexes combine updated interiors with a courtyard-style layout in Albuquerque.
Property Size6,970 SF
Price / SF$80.34
Days on Market15
Property Features for 501-505 Mesilla St SE
General Information
Standard status
Active
Size
6,970 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1963
Buildings
2
Listing Agency:
Realty One Of New Mexico
(505) 859-3856
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 31 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Of New Mexico
Investment Insights
Based on property information with market context.
This six-unit apartment property consists of two separately deeded triplexes at 501-505 Mesilla St SE in Albuquerque, New Mexico. The buildings total 6,970 square feet and were constructed in 1963, with functional floor plans arranged around a courtyard-style setting.
Recent capital improvements include an evaporative cooler and replacement windows at 501 B, 501 C, and 505 B. Select units have been remodeled with tile flooring, recessed lighting, and 80% energy-efficient furnaces. The property also includes a newer roof at 501 and a roof at 505 completed approximately 7 years ago.
Recent capital improvements include an evaporative cooler and replacement windows at 501 B, 501 C, and 505 B. Select units have been remodeled with tile flooring, recessed lighting, and 80% energy-efficient furnaces. The property also includes a newer roof at 501 and a roof at 505 completed approximately 7 years ago.
Key Highlights
- Six‑unit apartment property totaling 6,970 square feet
- Two separately deeded triplexes
- Courtyard‑style layout with functional floor plans
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two separately deeded triplexes combine updated interiors with a courtyard-style layout in Albuquerque.
Where is this apartment building located?
The property is located at 501-505 Mesilla St SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Six‑unit apartment property totaling 6,970 square feet; Two separately deeded triplexes; Courtyard‑style layout with functional floor plans
