240 San Pablo Street Ne, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:ERA Sellers & Buyers Real Estate
240 San Pablo Street Ne,Albuquerque, NM 87108
$324,655
  • 5 Beds
  • 4 Baths
  • 2,760 sq. ft.
  • Multi-family
  • Pending
Listed by: trey w. whaley
Office: trinity apartment company llc.
MLS#:1101906
Source:NM_SWMLS

Price summary

  • Price:$324,655
  • Price per sq. ft.:$117.63

About this home

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.

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Home facts

  • Year built:1958
  • Subdivision & Development:Loma Verde Subdivision
  • Listing ID #:1101906
  • Added:104 day(s) ago
  • Updated:July 29, 2026 at 08:34 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Flooring:Tile, Vinyl, Wood
  • Kitchen Description:Free Standing Gas Range, Refrigerator
  • Living area:2,760 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1958
  • Building area:2,760 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Stucco
  • Exterior Features:Landscaping, Lighting
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$324,655
  • Price per sq. ft.:$117.63
  • Tax amount:$1,855

Features and amenities

  • Appliances:Free Standing Gas Range, Refrigerator

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