525 Mesilla Street Se Albuquerque, NM 87108

6 Units
Property Type: Multifamily
Status: Active
Year Built: 1950
Days on Website: 6

Courtesy of LPT Realty.

Description

Fully occupied & recently renovated 6-plex in SE Albuquerque, offering strong income and low-maintenance ownership. All six 1BD/1BA units have updated kitchens, LVT flooring, tiled baths, and fresh finishes. Major mechanical upgrades include commercial-grade gas tankless water heaters and modern systems. Currently producing strong cash flow with proven rental demand. Cap rate at 6.9% with room to optimize. Ideal for buy-and-hold investors seeking stability and upside. All-electric units, landlord pays utilities. Showings by appointment only--please do not walk property or disturb tenants.

Open House

Property Details and Features

  • Description: FreeStandingElectricRange,Refrigerator,RangeHood
  • Total Bathrooms: 1
  • Area: 2200
  • Building Area: 2200
  • Construction Materials: Stucco
  • Levels: One
  • Year Built: 1950
  • Details: EvaporativeCooling,CeilingFans
  • Flooring: Vinyl
  • Heating: Baseboard
  • Days on Market: 1
  • Listing Price: 550000
  • Status: Active
  • Address: 525 MESILLA Street SE
  • Area: 71 - Southeast Heights
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Directions: Mesilla St, East Side
  • Acres: 0.15
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected