Apartment Building
For Sale
$4,989,000
609-641 Mesilla St SE, Albuquerque, NM 87108
Workforce-oriented multifamily asset with a mix of one- and two-bedroom units and housing voucher participation.
Property Size13,504 SF
Price / SF$369.45
Days on Market50
Property Features for 609-641 Mesilla St SE
General Information
Standard status
Active
Size
13,504 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Tva
Additional Details
Cap Rate
9.41%
Multifamily Units
57
Building Details
Year Built
1984
Listing Agency:
Coldwell Banker Legacy
(505) 898-2700
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 24 at 4:52PM
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 Coldwell Banker Legacy
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Investment Insights
Based on property information with market context.
This 57-unit apartment portfolio at 609-641 Mesilla St SE includes a balanced mix of one-bedroom, one-bath and two-bedroom, one-bath residences. Built in 1984, the property is described as well maintained and operated by a hands-on local owner. A significant portion of the tenant base participates in housing voucher programs, supporting rental collections through government-backed income.
The asset is located in Albuquerque, New Mexico, within the property’s identified workforce housing sector. In-place operations include a stated 9,41% cap rate, while the unit configuration provides both one- and two-bedroom housing options within the same multifamily investment.
The asset is located in Albuquerque, New Mexico, within the property’s identified workforce housing sector. In-place operations include a stated 9,41% cap rate, while the unit configuration provides both one- and two-bedroom housing options within the same multifamily investment.
Key Highlights
- 57‑unit apartment portfolio at 609‑641 Mesilla St SE, Albuquerque, NM 87108
- Unit mix includes 1BR/1BA and 2BR/1BA residences
- Stated 9,41% cap rate
Property Analytics
Lease Details
57
Residential units
Location Intelligence
Trade Area within ½ mile
685
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
Frequently Asked Questions
What type of property is this?
Apartment building - Workforce-oriented multifamily asset with a mix of one- and two-bedroom units and housing voucher participation.
Where is this apartment building located?
The property is located at 609-641 Mesilla St SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,989,000.
What are key features of this property?
This property features: 57‑unit apartment portfolio at 609‑641 Mesilla St SE, Albuquerque, NM 87108; Unit mix includes 1BR/1BA and 2BR/1BA residences; Stated 9,41% cap rate
