236 San Pablo Street NE

236 San Pablo Street NE

Albuquerque, NM 87108

$649,311
1 bd • 6 ba • 2,760 sqft • 0.16 acres
1 Story
Stories
$235
Per SQFT
1958
Year Built
03/13/2026
Listing Date
1099827
Listing #
87108
Zip Code

About This Property

8-unit multifamily investment located in a rapidly improving corridor of Northeast Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a high cap rate, strong cash-on-cash returns, and durable demand from long-term workforce tenants.The surrounding neighborhood has seen substantial momentum, including a brand-new public library and park, along with ongoing residential and mixed-use construction nearby. These improvements support long-term appreciation while maintaining strong rental demand.The asset is a C-class, workforce housing property, which historically performs well through market cycles due to affordability, necessity-driven demand, and tenant longevity. Current tenants are stable, long-term residents. Can be sold separately.

Interior

Bathrooms Total: 6
Interior Features: Skylights
Appliances: Built-In Gas Range, Convection Oven, Refrigerator, Range Hood
Flooring: Laminate, Tile, Wood
Window Features: Skylight(s)

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Property Sub Type Additional: Multi Family
Building Area Total: 2,760 sqft
Year Built: 1958
Construction Materials: Stucco
Builder Name: unkown
Levels: One
Number Of Units Total: 8
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16
Lot Size Square Feet: 6,752 sqft
Exterior Features: Lighting

Provisional

MLS #: 1099827
Gross Income: 74431
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 2
Owner Pays: Water
Tenant Pays: Electricity, Gas

Area And Schools

City: Albuquerque
Postal Code: 87108
MLS Area Major: Fairgrounds
Subdivision: Loma Verde Subdivision
County: Bernalillo
Parcel Number: 101905717718331723

Utilities

Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Cooling: Evaporative Cooling
Heating: Wall Furnace
Heating (Y/N): Yes

Location

Directions: East on central, north on San Pablo

Mortgage Calculator

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Listing courtesy of Trinity Apartment Company LLC
Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM