635 Mesilla St SE Albuquerque, NM 87108
Trumbull Village NeighborhoodEstimated payment $4,691/month
Highlights
- Evaporated cooling system
- Tile Flooring
- Central Heating
- Patio
- Landscaped
- 2-minute walk to The Phil Chacon Park
About This Home
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 7.37% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market. A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,451
Year Built
- Built in 1970
Lot Details
- 6,752 Sq Ft Lot
- Landscaped
Home Design
- Brick Exterior Construction
Interior Spaces
- 2,688 Sq Ft Home
- Property has 1 Level
- Convection Oven
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Outdoor Features
- Patio
Utilities
- Evaporated cooling system
- Central Heating
- Natural Gas Connected
- Cable TV Available
Community Details
- 8 Units
- 2,688 Sq Ft Building
- Emil Mann Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 101905608735620306
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,451 | $38,904 | $12,869 | $26,035 |
| 2024 | $3,388 | $37,770 | $12,494 | $25,276 |
| 2023 | $1,567 | $36,672 | $12,131 | $24,541 |
| 2022 | $1,514 | $35,603 | $11,777 | $23,826 |
| 2021 | $1,464 | $34,567 | $11,435 | $23,132 |
| 2020 | $1,440 | $33,560 | $11,102 | $22,458 |
| 2019 | $1,397 | $32,582 | $10,778 | $21,804 |
| 2018 | $1,348 | $32,582 | $10,778 | $21,804 |
| 2017 | $1,306 | $31,635 | $10,465 | $21,170 |
| 2016 | $1,269 | $29,819 | $9,864 | $19,955 |
| 2015 | $28,951 | $28,951 | $9,577 | $19,374 |
| 2014 | $1,194 | $28,107 | $9,298 | $18,809 |
| 2013 | -- | $27,290 | $9,028 | $18,262 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2026 06/02/26 | For Sale | $798,456 | -- | $297 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1104663
APN: 1-019-056-087-356-2-03-06
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.