240 San Pablo ST NE, Albuquerque, NM 87108
240 San Pablo ST NE, Albuquerque, NM 87108
240 San Pablo ST NE, Albuquerque, NM 87108
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Listed by Trinity Apartment Company LLC
$324,655
Est. payment /mo
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5 Beds
4 Baths
2,760 SqFt
New

240 San Pablo ST NE Albuquerque, NM 87108

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Brad Leigh Patton

Brad Leigh Patton

+1(505) 917-5133

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,760 sqft

Price per Sqft $117

Subdivision Loma Verde Subdivision

MLS Listing ID 1101906

Bedrooms 5

Construction Status Resale

HOA Y/N No

Year Built 1958

Annual Tax Amount $1,855

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Quadruplex

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.

Location

State NM

County Bernalillo

Area 70 - Fairgrounds

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Tile, Vinyl, Wood

Fireplace No

Appliance Free-Standing Gas Range, Refrigerator

Exterior

Exterior Feature Landscaping, Lighting

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101905717718931715

Acceptable Financing Cash, Conventional, FHA

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

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Brad Leigh Patton

Brad Leigh Patton

Broker Associate | License ID: 52414

+1(505) 917-5133

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240 San Pablo ST NE