240 San Pablo Street NE, Albuquerque, NM 87108

• 5 beds |
• 4 baths |
• 2,760 sqft

Property Description

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.

Listing Status:

Active

Date Added:

April 17, 2026

Data Last Updated:

July 5, 2026 at 7:18AM

Listing Office:

Trinity Apartment Company LLC : (505) 622-3240

Listing Agent:

Trey W. Whaley : (505) 269-1824

MLS ID:

1101906

Interior

• Appliances: Free-Standing Gas RangeRefrigerator
• Flooring: TileVinylWood
• A/C: Evaporative Cooling
• Heating: Wall Furnace
• Eco/Green Feature: None

Exterior

• General: LandscapingLighting

Construction

• General: Stucco1

Location

• Originating MLS: SWMLS_SWMLS
• County: Bernalillo

Lot

• Zoning: 101905717718931715

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Financial

• Source: SWMLS_SWMLS