236 San Pablo Street NE, Albuquerque, NM 87108 (MLS # 1099827)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/13/2026 |
|---|---|---|---|
| TRACT | Loma Verde Subdivision | YEAR BUILT | 1958 |
| COMMUNITY | 70 - Fairgrounds | COUNTY | Bernalillo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Gas Range, Convection Oven, Range Hood, Refrigerator |
| AREA | 70 - Fairgrounds |
| CONSTRUCTION | Stucco |
| EXTERIOR | Lighting |
| HEAT | Wall Furnace |
| LOT | 6970 sq ft |
| STORIES | 1 |
| SUBDIVISION | Loma Verde Subdivision |
| TAXES | 1855.3 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| ZONING | R-MH* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Trinity Apartment Company LLC
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