$325,000
5 bds · 4 ba · 2,760 sqft
236 San Pablo Street NE, Albuquerque, 87108
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(505) 521 8550
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240 San Pablo Street NE
Albuquerque, NM 87108
This property is not for sale.
Sold on 09.09.2026 for $324,655
5
Beds
4
Baths
2,760
SqFt Home
1
Story
1958
Year Built
6,752
SqFt Lot
About this property
4-unit multifamily investment located in a rapidly improving corridor of Northeast Albuquerque, benefiting from significant public and private reinvestment. The property offers investors a… Show more
4-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.
Property details for 240 San Pablo Street NE
Interior
Bedrooms Total:
5
Bathrooms Total:
4
Appliances:
Free-Standing Gas Range, Refrigerator
Flooring:
Tile, Vinyl, Wood
Exterior and lot
Lot Size Acres:
0.16
Lot Size:
6,752 sqft
Exterior Features:
Landscaping, Lighting
Building and construction
Property Type:
Residential Income
Property Sub Type:
Quadruplex
Property Sub Type Additional:
Quadruplex
Building Area Total:
2,760 sqft
Year Built:
1958
Construction Materials:
Stucco
New Construction:
No
Levels:
One
Number Of Units Total:
4
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1101906
Listing Terms:
Cash, Conventional, FHA
Number Of Buildings:
1
Owner Pays:
Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
3120
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Fairgrounds
Subdivision:
Loma Verde Subdivision
County:
Bernalillo
Parcel Number:
101905717718931715
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Wall Furnace
Heating (Y/N):
Yes
Map location for 240 San Pablo Street NE, Albuquerque, NM 87108
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240 San Pablo Street NE, Albuquerque, NM 87108 listed as MLS #1101906.
This 5 bedroom 2,760 sqft Residential Income built in 1958 located in Albuquerque NM 87108.
240 San Pablo Street NE was sold for $324,655 as MLS #1101906.
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