236 San Pablo Street NE, Albuquerque, NM 87108
- $649,311
- 3
- BD
- 8
- BA
- 2,760
- SqFt
- List Price
- $649,311
- Status
- ACTIVE
- Days on Market
- 138
- MLS#
- 1099827
- Subtype
- Residential Income
- Year Built
- 1958
- Bedrooms
- 3
- Bathrooms
- 8
- Living Area
- 2,760
- Lot Size
- 6,752
- Acres
- 0.16
- Subdivision
- Loma Verde Subdivision
- Neighborhood
- Loma Verde Subdivision
- MLS Area Major
- Fairgrounds
Property 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.
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Additional Information
- Interior Features
- Skylights
- Exterior Features
- Lighting
- Taxes
- $1,855
- Zoning
- R-MH*
- Flooring
- Laminate, Tile, Wood
- Appliances
- Built-In Gas Range, Convection Oven, Refrigerator, Range Hood
- Heating
- Wall Furnace
- Air Conditioning
- Evaporative Cooling
- Exterior Construction
- Stucco
- Stories
- 1
- Levels
- One
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Listing courtesy of Trey W. Whaley from Trinity Apartment Company LLC
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.