13-Unit Multifamily
609 Mesilla Street Southeast Albuquerque, NM 87108
609 Mesilla Street Southeast, Albuquerque, NM, 87108
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For Sale
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Well-maintained 13-unit rental portfolio with a balanced 1- and 2-bedroom mix and voucher-supported occupancy.
Days on Market56
Property Features for 609 Mesilla Street Southeast
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Trinity Apartment Company
Listed by
Trey Whaley · License #20250899
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 1:43PM
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 Trinity Apartment Company
Investment Insights
Based on property information with market context.
This for-sale 13-unit multifamily portfolio offers a well-balanced mix of 1-bedroom/1-bath and 2-bedroom/1-bath units. The property is described as well maintained, with care attributed to a hands-on, local owner focused on ongoing management and upkeep. The current operating profile is presented as producing immediate, stable cash flow, supported by a reported 7.37% cap rate in the seller’s remarks.
The asset is located at 609 Mesilla Street Southeast in Albuquerque, New Mexico. The property is positioned within the city’s workforce housing sector, with the unit mix described as aligned to consistent rental demand. The remarks also indicate a strong portion of the tenant base is supported by housing voucher programs.
For buyers and investors seeking a turnkey style acquisition, this portfolio’s mix of unit types can appeal to tenants looking for either 1-bedroom or 2-bedroom layouts, while voucher-supported rental income is noted as a factor that may help reduce collection risk. With documented emphasis on tenant stability and property maintenance, the asset may fit operators who value hands-on management and steady day-to-day fundamentals.
The asset is located at 609 Mesilla Street Southeast in Albuquerque, New Mexico. The property is positioned within the city’s workforce housing sector, with the unit mix described as aligned to consistent rental demand. The remarks also indicate a strong portion of the tenant base is supported by housing voucher programs.
For buyers and investors seeking a turnkey style acquisition, this portfolio’s mix of unit types can appeal to tenants looking for either 1-bedroom or 2-bedroom layouts, while voucher-supported rental income is noted as a factor that may help reduce collection risk. With documented emphasis on tenant stability and property maintenance, the asset may fit operators who value hands-on management and steady day-to-day fundamentals.
Key Highlights
- 13‑unit apartment portfolio in Albuquerque’s workforce housing sector
- Balanced unit mix: 1 bed/1 bath and 2 bed/1 bath units
- Operates at a 7.37% cap rate
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FAQs
What type of property is this?
Apartment building - Well-maintained 13-unit rental portfolio with a balanced 1- and 2-bedroom mix and voucher-supported occupancy.
Where is this apartment building located?
The property is located at 609 Mesilla Street Southeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,297,410.
What are key features of this property?
This property features: 13‑unit apartment portfolio in Albuquerque’s workforce housing sector; Balanced unit mix: 1 bed/1 bath and 2 bed/1 bath units; Operates at a 7.37% cap rate
