240 San Pablo Street
Albuquerque, NM 87108
5
Bed
4
Bath
2,760Sqft
0.16Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 4 -
Flooring Information
Tile, Vinyl, Wood -
Interior Features
Appliances: Free-Standing Gas Range, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1958 Building Area Total: 2760 Construction Materials: Stucco Stories: 1 Private Pool: No -
Exterior Features
Exterior Features: Lighting
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Lot Information
Lot Size Acres: 0.16 Lot Size Source: Public Records Lot Size Square Feet: 6752 Lot Description: LandscapedProperty Information
Subdivision: Loma Verde Subdivision Source Property Type: Residential Income Postal Code Plus 4: 5707 Zoning Description: R-MH* Property SubType: Quadruplex Levels: One Property Age: 68
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Listing Price Information
Listing Price: $324655 Cash, Conventional, FHA
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Tax Information
Parcel Number: 101905717718931715 Annual Tax: $1855.3
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Utility Information
Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: Call
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8600 Zuni Road, Albuquerque, NM, 87108 | $1,793,434 | 3 | 2 | 16,020 | 16,020 SqFt |
| 209 Texas Street, Albuquerque, NM, 87108 | $375,000 | 7 | 4 | 2,650 | 2,650 SqFt |
| 501-505 Mesilla Street, Albuquerque, NM, 87108 | $560,000 | 10 | 6 | -- | |
| 633 Grove Street, Albuquerque, NM, 87108 | $250,000 | 2 | 2 | -- | |
| 205 Mesilla Street, Albuquerque, NM, 87108 | $350,000 | 4 | 4 | 2,800 | 2,800 SqFt |
| 501 Mesilla Street, Albuquerque, NM, 87108 | $280,000 | 4 | 3 | -- | |
| 505 Mesilla Street, Albuquerque, NM, 87108 | $280,000 | 6 | 3 | -- | |
| 635 Mesilla Street, Albuquerque, NM, 87108 | $798,456 | 8 | 8 | 2,688 | 2,688 SqFt |
| 420 Alcazar Street, Albuquerque, NM, 87108 | $240,000 | 4 | 2 | 1,552 | 1,552 SqFt |
| 416 Kentucky Street, Albuquerque, NM, 87108 | $250,000 | 4 | 3 | 1,584 | 1,584 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/22/2026 @ 21:53
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