236 San Pablo Street Ne Albuquerque, NM 87108

8 Units
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$649,311 Est. $2,391 / mo.*
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Property Type: Multifamily
Status: Active
Year Built: 1958
Neighborhood: Loma Verde Subdivision

Courtesy of {listing_office_name}.

Description

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.

Open House

Property Details and Features

  • BuiltInGasRange
  • ConvectionOven
  • Refrigerator
  • RangeHood
  • 8 total bathrooms
  • 3 total bedrooms
  • Built in 1958
  • Living area: 2760.0
  • 2 buildings
  • Levels: One
  • Construction Materials: Stucco
  • EvaporativeCooling
  • LeadBasedPaintDisclosure
  • Ranm2100Disclosure
  • Energy Generation: None
  • Lighting
  • Laminate
  • Tile
  • Wood
  • WallFurnace
  • Gross Income: $74,431
  • Skylights
  • Listing ID: 1099827
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: MultiFamily
  • On market as of 2026-03-13
  • Subdivision: Loma Verde Subdivision
  • MLS Area (Major): 70 - Fairgrounds
  • County/Parish: Bernalillo
  • 0.16 acres
  • Water
  • Resale
  • Parcel Number: 101905717718331723
  • Annual Amount: $1,855.3
  • Zoning description: R-MH*
  • Electricity
  • Gas
  • CableAvailable
  • ElectricityConnected
  • SewerConnected
  • WaterConnected
  • Skylights

Location

$649,311 - 236 San Pablo Street Ne, Albuquerque, NM 87108
236 San Pablo Street Ne Albuquerque, NM 87108
Subdivision: Loma Verde Subdivision

Street View

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