Skip main navigation
For sale
  • $433,651

    512 Mesilla St SE, Albuquerque, NM 87108

    2beds
    1baths
    3,000sqft
    : 
    Quadruplex, Multi Family
    Built in 1960
    -- sqft lot
    $424,100 Zestimate®
    $145/sqft
    $-- HOA

    What's special

    New toiletsSynthetic stuccoNew roofWrought iron security fenceNew evaporative coolersNew vanitiesHard surface flooring
    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%
    208 days
    on Zillow
    |
    139
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 25, 2025 at 02:49pm

    Listed by:

    Todd D Clarke 505-440-8633,

    NM Apartment Advisors, Inc. 505-440-8633

    Source: SWMLS,MLS#: 1077102MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 512 Mesilla St SE.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Wall Furnace
    Cooling
    • Evaporative Cooling
    Appliances
    • Included: Refrigerator
    Features
    • Flooring: Carpet, Tile, Vinyl
    • Has basement: No
    Interior area
    • Total structure area: 3,000
    • Total interior livable area: 3,000 sqft

    Property

    Parking
    • Total spaces: 6
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 6,969.6 Square Feet
    Details
    • Has additional parcels: Yes
    • Parcel number: 101905610544221316
    • Zoning description: R-ML*

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Block, Frame, Stucco
    Condition
    • Resale
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
    Green energy
    • Energy generation: None

    Community & HOA

    Community
    • Subdivision: Emil Mann
    Location
    • Region: Albuquerque

    Financial & listing details

    • Price per square foot: $145/sqft
    • Tax assessed value: $268,212
    • Annual tax amount: $3,708
    • Date on market: 1/25/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Tenant pays: Other, See Remarks
    • Loading
    • Loading