240 San Pablo ST NE, Albuquerque, NM 87108
240 San Pablo ST NE, Albuquerque, NM 87108
240 San Pablo ST NE, Albuquerque, NM 87108
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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Anthony Weber

Anthony Weber

Listed by Trinity Apartment Company LLC
$ 324,655
Est. payment | /mo

5 Beds

4 Baths

2,760 SqFt

Save
$ 324,655
Est. payment | /mo
Save

5 Beds

4 Baths

2,760 SqFt

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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Anthony Weber

anthonyweber@nmrealtypros.com

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240 San Pablo ST NE