$649,311

236 San Pablo Street NE, Albuquerque, NM 87108

  • 3 beds |
  • 8 baths |
  • 2,760 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $235/sqft
  • Property List Date Icon Listed 20 days ago

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.

Listing Status:
Active
Date Added:
March 13, 2026
Data Last Updated:
April 2, 2026 at 7:19PM
Listing Office:
Trinity Apartment Company LLC : (505) 622-3240
Listing Agent:
Trey W. Whaley : (505) 269-1824
MLS ID:
1099827
  • General: Skylights
  • Appliances: Built-In Gas RangeConvection OvenRefrigeratorRange Hood
  • Flooring: LaminateTileWood
  • A/C: Evaporative Cooling
  • Heating: Wall Furnace
  • Eco/Green Feature: None
  • General: Lighting
  • Windows: Skylight(s)
  • General: Stucco1
  • Originating MLS: SWMLS_SWMLS
  • County: Bernalillo
  • Zoning: 101905717718331723
  • Utilities: Cable AvailableElectricity ConnectedSewer ConnectedWater Connected
  • Source: SWMLS_SWMLS

This listing courtesy of Trey W. Whaley , Trinity Apartment Company LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

La Mesa Elementary School

7500 Copper Ave NE, Albuquerque, NM, 87108

Grades PK-5

0.13 miles away

V

Van Buren Middle School

700 Louisiana Blvd SE, Albuquerque, NM, 87108

Grades 6-8

0.84 miles away

H

Highland Autism Center

220 Monroe SW, Albuquerque, NM, 87108

Grades PK-12

1.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.