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512 Mesilla Street SE

Albuquerque, NM 87108

2 beds
1 bath
3,000 sqft
6,969 sqft lot
$144 per sqft
1960 build
– on site

potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10%

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Jan 26, 2025 •

MLS# 1077102 —

The Building

Year Built:

1960
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Block,Frame,Stucco
Stories:

1
Stories Total:

1
Levels:

One
Basement:

false
Building Area Total:

3000.0
Building Area Source:

Appraiser

Interior

Flooring:

Carpet,Tile,Vinyl

Room Dimensions

Living Area:

3000.0
Living Area Source:

Appraiser

Location

Directions:

From Zuni and San Mateo east to Mesilla, south to property.
Latitude:

35.070251
Longitude:

-106.565099

The Property

Parcel Number:

101905610544221316
Property Type:

ResidentialIncome
Property Subtype:

Quadruplex
Property Subtype Additional:

Quadruplex
Property Condition:

Resale
Zoning Description:

R-ML*
Lot Size Acres:

0.16
Lot Dimensions Source:

PublicRecords
Lot Size SqFt:

6969.6
Lot Size Source:

PublicRecords
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

3708.88
Tax Legal Description:

Lot 4, Block 31, Emil Mann

Beds

Bedrooms Total:

2

Baths

Total Baths:

1

Heating & Cooling

Heating:

WallFurnace
Heating:

true
Cooling:

EvaporativeCooling
Cooling:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Green Energy Generation:

None

Appliances

Appliances:

Refrigerator

The Community

Subdivision Name:

Emil Mann

Parking

Parking Total:

6.0

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/25/25 Jan 25, 2025	Listed / Active	SWMLS	$433,651

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This multifamily located in Northeast Albuquerque, Albuquerque, NM 87108 is currently for sale for $433,651. 512 Mesilla Street SE is a 3,000 square foot multifamily with 2 beds and 1 bath that has been on Estately for 54 days. 512 Mesilla Street SE is in the Northeast Albuquerque neighborhood of Albuquerque and has a WalkScore® of 64, making it somewhat walkable. This multifamily is in the attendance area of Highland High School, Van Buren Middle School, and Emerson Elementary School.

Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.