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501-505 Mesilla Street Se, 
Albuquerque, NM 87108

$560,000


10

Beds


6

Baths


4,248

Sq Ft


Multi-Family

Active

505-292-8900

Last updated:

September 19, 2026, 02:20 PM

MLS#

1110109

Source:

NM SWMLS

Company Logo

About This Home

501-505 Mesilla Street Se

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.

Home Facts

Multi-Family

6 Baths

10 Bedrooms

Built in 1963

Price Summary

560,000

$131 per Sq. Ft.

MLS #:

1110109

Last Updated:

September 19, 2026, 02:20 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

6

Interior

Living Area:

4,248 Sq. Ft.


Structure

Structure

Building Area:

4,248 Sq. Ft.

Year Built:

1963


Lot

Lot Size (Sq. Ft):

13,068


Finances & Disclosures

Finances

Price:

$560,000

Price per Sq. Ft:

$131 per Sq. Ft.

501-505 Mesilla Street Se
Source:NM SWMLS
The information being provided by Greater Albuquerque Aor/Southwest Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Albuquerque Aor/Southwest Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.