Address
433 Mesilla & 437 (4 Lots) Street Se, Albuquerque, NM
Price
$ 2,323,232
Property Attributes
- MLS#1105475
- TypeSingle Family
- Listing Status Active
- CountyBernalillo
- CityAlbuquerque
- AreaSoutheast Heights
- Zip87108
- Style
- Year Built1979
- Taxes$ 12250
- Price$ 2,323,232
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage14688
- Lot Size0.6 Acres
Data Source:
Southwest MLS (SWMLS)
Property Description
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
| Price History | |
|---|---|
| 6/13/2026 | Listed $2,323,232 |
General Features
| Heating | WallFurnace |
|---|---|
| Cooling | EvaporativeCooling |
| Utilities | ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected |
| Appliances | Refrigerator |
| Construction Materials | Stucco |
| Year Built | 1979 |
| Electric | None |
| Tenant Pays | Other,SeeRemarks |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | MultiFamily |
| Gross Income | 277423 |
| OwnerPays | Other,SeeRemarks |
| Accessibility | None |
| County | Bernalillo |
| Operating Expense | 137492 |
| New Construction | false |
| Property Type | ResidentialIncome |
| Subdivision Name | Emil Mann Addition |
| Green Energy Generation | None |
| Status | Active |
| Directions | From I-25 and Gibson, east to Mesilla, south to property |
| ModificationTimestamp | 2026-07-22T02:04:39.617-00:00 |
| City | Albuquerque |
| Disclosures | LeadBasedPaintDisclosure,Ranm2100Disclosure |
| 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 | MultiFamily |
| PostalCity | Albuquerque |
| Legal Description | Lots 13, 14, 15 & 16, Block 3, Emil Mann |
Interior Features
| Flooring | Tile,Vinyl |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 3 |
| Total Baths | 2 |
Exterior Features
| Number of Buildings | 2 |
|---|---|
| Building Area Total | 14688 |
| Lot Size Acres | 0.6 |
| Lot Size Source | PublicRecords |
| LotDimensionsSource | PublicRecords |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 87108
Price
Taxes
Year Built
IDX information © 2026 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Home Authority. Data last updated: September 12, 2026 2:26 AM UTC
