433 Mesilla & 437 (4 lots) Street SE Albuquerque, NM $ 2,323,232
433 Mesilla & 437 (4 lots) Street SE
$ 2,323,232
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433 Mesilla & 437 (4 lots) Street SE

Albuquerque, NM, 87108
$ 2,323,232
Bedrooms3 Baths2.0 Sq 14,688

Monthly Estimate*

$ 14,305

433 Mesilla & 437 (4 lots) Street SE, Albuquerque, NM 87108 - Image 1
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Multi-Family Home for sale in Albuquerque, NM

for $2,323,232 with 3 bedrooms and 2 full baths. This 14,688 square foot home was built in 1979 on a lot size of 0.6.

Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade. Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and

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Multi-Family Active

Price

$ 2,323,232

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 12,250

Style

Lot Size

0.6

Year Built

1979

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1105475

Features
General
Heating Wall Furnace
Cooling Evaporative Cooling
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Refrigerator
Construction Materials Stucco
Year Built 1979
Electric None
Tenant Pays Other See Remarks
Stories Count 2
Levels Two
Property Subtype Multi Family
Gross Income 277423
Accessibility None
County Bernalillo
Operating Expense 137492
New Construction false
Property Type Residential Income
Subdivision Name Emil Mann Addition
Green Energy Generation None
Status Active
Directions From I-25 and Gibson east to Mesilla south to property
City Albuquerque
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description R-MH*
Number Of Units Total 32
MLS Area 71 - Southeast Heights
Lot Size Square Feet 25997
Listing Terms Cash Conventional
Tax Annual Amount 12250
Property Condition Resale
Additional Parcels Y/N true
Builder Name Alexander
Standard Status Active
Total Actual Rent 24137
Property Sub Type Additional Multi Family
Legal Description Lots 13 14 15 & 16 Block 3 Emil Mann
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Interior
Flooring Tile Vinyl
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 3
Total Baths 2
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Exterior
Number of Buildings 2
Building Area Total 14688
Lot Size Acres 0.6
Lot Size Source Public Records
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* Excluded Features
List By
Todd D Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$15,325
Per Month
93%
7%
0%
Monthly Principal & Interest
$14,305
Monthly Property Taxes
$1,021
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/13/2026$2,323,232 Listed Price

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433 Mesilla & 437 (4 lots) Street SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $2,323,232 with 14,688 sqft and a lot size of 0.6. 433 Mesilla & 437 (4 lots) Street SE has 3 bedrooms, 2.0 baths, and was built in 1979. The property's zip code is 87108 which is in Albuquerque, NM