Skip To Content

433 Mesilla & 437 (4 Lots) Street SE

Albuquerque, NM 87108
  • $2,323,232
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 1105475
UPDATED: 197 min ago
$2,323,232
  • 3
    BEDS
  • 0.6
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 14,688
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

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

Monthly Payment Calculator



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 Coldwell Banker Legacy. Data last updated: 2026-08-10T00:05:05.743.
www.nmhomestore.com/homes/177699527
Print Image

433 Mesilla & 437 (4 Lots) Street SE Albuquerque, NM 87108

  • Price: $2,323,232
  • Status: Active
  • On Site: 57 Days
  • Updated: 197 min ago
  • MLS #: 1105475
3
Beds
2
Baths
0
½ Baths
0.6
Acres
14,688
SQFT
$158
$/SQFT
1979
Built
Neighborhood:
Emil Mann Addition
County:
Bernalillo
Area:
71 - Southeast Heights
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
Exterior Features

Construction Materials Stucco Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Tile Vinyl Heating Wall Furnace Heating YN Yes

Property Features

Accessibility Features None Additional Parcels YN Yes Builder Name Alexander Building Area Total 14688 Green Energy Generation None Gross Income 277423 Listing Agreement Exclusive Agency Listing Terms Cash Conventional New Construction YN No Operating Expense 137492 Owner Pays Other See Remarks Property Condition Resale Property Sub Type Multi Family Property Sub Type Additional Multi Family Tax Annual Amount 12250 Tenant Pays Other See Remarks Total Actual Rent 24137 Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2026 Southwest Multiple Listing Service, Inc.


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 Coldwell Banker Legacy. Data last updated: 2026-08-10T00:05:05.743.
 
https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1105475-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1105475-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1105475-2.jpg
Logo
Coldwell Banker Legacy
6719 Academy Road NE
Albuquerque NM, 87109