Multifamily Portfolio with 1- and 2-Bed
For Sale
Contact for pricing
613 MESILLA ST SE ALBUQUERQUE NM 87108, Albuquerque, NM 87108
57-unit apartment portfolio with a balanced 1- and 2-bedroom mix, supported in part by housing vouchers.
Property SizeContact for details
Days on Market98
Property Features for 613 MESILLA ST SE ALBUQUERQUE NM 87108
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$419,546
Additional Details
Cap Rate
7.37%
Multifamily Units
57
Building Details
Buildings
10
Units
57
Listing Agency:
Trinity Apartment Company
Listed By:
Trey Whaley · License #20250899
(505) 269-1824
Source:
Crexi
Added: Jun 2
Changed: Aug 28
Last Checked: Sep 7 at 6:57AM
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 57-unit apartment portfolio offers a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath homes. The property is described as well maintained by a hands-on local owner, with an emphasis on management and upkeep that supports tenant stability. The offering is positioned as generating current income, with the operating performance stated at a 7.37% cap rate.
The property is located in Albuquerque’s workforce housing sector, where the unit mix is intended to align with consistent rental demand. Public remarks also note that a significant portion of the tenant base is supported by housing voucher programs, which are characterized as providing government-backed rental income.
For investors or operators looking for a multifamily portfolio with an established unit mix, this asset may fit well for someone seeking to own an occupied income-generating property. With both 1- and 2-bedroom/1-bath layouts, the building supports a broader range of household needs. The stated reliance on voucher-supported tenants and the property’s reported maintenance practices are practical considerations for underwriting and operations.
The property is located in Albuquerque’s workforce housing sector, where the unit mix is intended to align with consistent rental demand. Public remarks also note that a significant portion of the tenant base is supported by housing voucher programs, which are characterized as providing government-backed rental income.
For investors or operators looking for a multifamily portfolio with an established unit mix, this asset may fit well for someone seeking to own an occupied income-generating property. With both 1- and 2-bedroom/1-bath layouts, the building supports a broader range of household needs. The stated reliance on voucher-supported tenants and the property’s reported maintenance practices are practical considerations for underwriting and operations.
Key Highlights
- 57‑unit apartment portfolio in Albuquerque’s workforce housing sector
- Unit mix includes 1‑bedroom/1‑bath and 2‑bedroom/1‑bath units
- Portfolio supported in part by housing voucher programs (government‑backed rental income)
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 57-unit apartment portfolio with a balanced 1- and 2-bedroom mix, supported in part by housing vouchers.
Where is this apartment building located?
The property is located at 613 MESILLA ST SE ALBUQUERQUE NM 87108 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 in Albuquerque’s workforce housing sector; Unit mix includes 1‑bedroom/1‑bath and 2‑bedroom/1‑bath units; Portfolio supported in part by housing voucher programs (government‑backed rental income)
