USANMAlbuquerque505-501-505 Mesilla St Se
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$560,000

For Sale

3 days ago

505 - 501-505 Mesilla St Se, Albuquerque, NM

MLS® 1110109

10 Bed

6 Bath

4248 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4248 sqft
Garage No
Taxes $2,736
Days Active 2
Lot Size 0.30000001192092896 Acres
Approx. Age 1963
Avg. Price Per Sqft $131
MLS® Number 1110109

Property Address: 505-501-505 Mesilla St Se, Albuquerque, NM, 87108-3414

Average square foot calculated using Size range provided by listing agent.

Description

This well-maintained 6-unit multifamily investment property offers an excellent opportunity to acquire a centrally located, income-producing asset with significant recent capital improvements. The property consists of two separately deeded triplexes at 501 and 505, which are being sold together, providing a total of approximately 4, 248 square feet across six residential units.The property features a desirable mix of two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, with functional floor plans and a courtyard-style configuration that appeals to tenants seeking convenience and affordability.Ownership has completed numerous improvements throughout the property. Recent upgrades include evaporative cooling, replacement windows in 501 B & C and 505 B, remodeled interiors in select units, durable tile flooring, recessed lighting, and 80% energy-efficient furnaces in select units. Roofing improvements include an ISO roof at 501 completed within approximately the last two years and a TPO roof at 505 completed within approximately the last seven years. All month to month tenants. Unit Mix501Unit A -- 571 SF | 1 BD / 1 BAUnit B -- 571 SF | 1 BD / 1 BAUnit C -- 833 SF | 2 BD / 1 BA505Unit A -- 704 SF | 2 BD / 1 BAUnit B -- 759 SF | 2 BD / 1 BAUnit C -- 810 SF | 2 BD / 1 BA -vacant needs renoTotal Building Area: Approximately 4, 248 SFTotal Units: 6Current Monthly Rent: $6, 281Annualized Current Rent: $75, 372With an established income stream, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for an investor seeking an improved multifamily asset with continued income and long-term appreciation potential. Vacant unit needs renovation. From owner between $10-25k depending on preference to be rented.
MLS® Number1110109
Laundry Level
Central VacNo
FireplaceNo
Acreage0.3
Exterior
GarageNo
Approx. Age1963
Basement
Driveway
Garage Spaces
HeatForced Air
A/CEvaporative Cooling

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 30, 2026List Date
$560,000List Price
  • Commute

Commute

Starting Address
Destination Address
501-505 Mesilla St Se, Albuquerque, NM

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