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    Centrally Located Albuquerque Multifamily Property

    501-505 Mesilla Street SE Albuquerque, NM 87108

    501-505 Mesilla Street SE, Albuquerque, NM, 87108
    $560,000
    For Sale
    Claim this Listing
    $560,000

    MULTI_FAMILY - Albuquerque, NM

    Lot Size0.16 Acres
    AddedMay 6
    Days on Market71
    Last RefreshJul 15 at 5:06 am

    Property Features for 501-505 Mesilla Street SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    6
    Rooms
    Bedroom 7, Bedroom 10, Bathroom 3, Bathroom 5, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 6
    Standard status
    Active
    APN
    101905608745621223
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2736

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1963
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Tile

    Listing agent Jeremiah D. Collins License #16694

    Listing office Real Broker, LLC 100 Sun Ave NE Suite 650, Santa Fe, NM

    Listing date May 6, 2026

    MLS# 1103106 Listing URL

    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.

    This well-maintained 6-unit investment property is centrally located and offers an opportunity to own an income-producing asset. The property has undergone numerous recent capital improvements, including a new roof, fascia, and evaporative cooler approximately 1.5 years ago. New windows have been installed in units 501 B & C, and 505 B, enhancing energy efficiency and tenant comfort. Several units feature remodeling and modern upgrades, such as durable tile flooring and recessed lighting. Select units are equipped with 80% energy-efficient furnaces. The property features functional floor plans and a courtyard-style layout, appealing to tenants seeking convenience and affordability. The property, situated on a 0.16-acre lot, presents strong income potential with meaningful upgrades for expanding investment portfolios or entering multifamily ownership. The property is located in Albuquerque, NM, 87108.

    Key Highlights

    • Well‑maintained 6‑unit investment property built in 1963 with forced‑air heating
    • Recent exterior updates include a new roof, fascia, and an evaporative cooler completed about 1.5 years ago
    • New windows installed in units 501 B & C and 505 B to improve energy efficiency and tenant comfort

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Parking Lot & Garage Law Firm Building Supply Carpet & Flooring Store Computer & Electronic Repair Electrical Service HVAC Service Hair Salon Skin Care Clinic

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

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit property with recent capital improvements and strong income potential.
    Where is this apartment building located?
    The property is located at 501-505 Mesilla Street 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: Well‑maintained 6‑unit investment property built in 1963 with forced‑air heating; Recent exterior updates include a new roof, fascia, and an evaporative cooler completed about 1.5 years ago; New windows installed in units 501 B & C and 505 B to improve energy efficiency and tenant comfort
    Contact an agent
    (505) 710-5478
    We can help!
    Contact an agent
    Jeremiah D. Collins
    Real Estate License ID: 16694
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