$5,166 Closing Credit¹
#1081826, Faithe Real Estate Group, Listing Office: Keller Williams Realty
$550,000 List price
525 Mesilla St SE Albuquerque, NM 87108
$6,531
Closing credit¹
1 bed
1 bath
2,200 sqft
0.1 acres
$250 / sqft
Multi-Family
Property details
About 525 Mesilla St SE
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.
Highlights
Home typeMulti Family
HeatingBaseboard
StatusActive
CoolingEvaporative Cooling, Ceiling Fan(s)
Size2,200 sqft
Lot size0.15 Acres
Year built1950
MLS #1083276
Summary
- Appliances: Electric Range, Refrigerator, Range Hood
- Basement: No
- Flooring Type: Vinyl
- Interior: Ceiling Fan(s)
- Total Bedroom Count: 1
- Heating: Baseboard
- Cooling: Evaporative Cooling, Ceiling Fan(s)
- List Price: $550,000
- Price/SqFt: $250
- Annual Tax Amount: $2,214
- Tax Year: 2023
- Directions: Mesilla St, East Side
- Year Built: 1950
- Stories: 1
- Living Area: 2,200 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 1083276
- MLS Name: SWMLS
- Office Name: LPT Realty
- Office Phone: (877) 366-2213
- Office Email: nmbrokers@lptrealty.com
- Listing Agent: Casa ABQ
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.
Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2025, 4:20:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$550,000
525 Mesilla St SE
$6,531
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $51,828 | $2,214 |
| 2022 | $30,297 | $1,288 |
| 2021 | $30,297 | $1,282 |
| 2020 | $30,297 | $1,299 |
| 2019 | $30,297 | $1,290 |
| 2018 | $30,297 | $1,288 |
| 2017 | $30,297 | $1,288 |
History based on county public records data.
Nearby schools
2
Emerson Elementary School
Public District PK-5
0.4 mi
•620 Georgia St SE
3
La Mesa Elementary School
Public District PK-5
0.7 mi
•7500 Copper Ave NE
1
Wherry Elementary School
Public District PK-5
0.9 mi
•Bldg 25000th Kafb East
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,857. The most common annual income of people living in Albuquerque, NM is less than $<35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
47%
<35k
45%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
25%
Single, with Kids
8%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
8%
12-17 yrs old
29%
18-34 yrs old
38%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 525 Mesilla St SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 2,200 square foot home, which was built in 1950, sits on a 0.15 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 4, 2025 and is currently priced at $550,000.
Albuquerque, NM housing market in April 2025 saw over 116 listings sold above listed price, more than 170 sold at listed price and over 276 sold below. In April 2025 in Albuquerque, NM there were 10.5% less homes for sale than in March. In April 2025 median list price was $349,957 and the average listing age was 30 days.
From Rocket Homes Real Estate and based on county public records data.