About 240 San Pablo Street Ne
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.
Features of 240 San Pablo Street Ne
| MLS® # | 1101906 |
|---|---|
| Price | $324,655 |
| Original Price | $324,655 |
| Price Per Sq.Ft. | $117.63 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Square Footage | 2,760 |
| Acres | 0.16 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 240 San Pablo Street Ne |
|---|---|
| Area | 70 - Fairgrounds |
| Subdivision | Loma Verde Subdivision |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Vinyl, Wood |
|---|---|
| Appliances | Free-Standing Gas Range, Refrigerator |
| Heating | Wall Furnace |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping, Lighting |
|---|---|
| Construction | Stucco |
| Builder | Unknown |
Additional Information
| Date Listed | April 17th, 2026 |
|---|---|
| Days on Market | 137 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional, FHA |
| Current Taxes | $1,855 |
Listing Details
| Office | Trinity Apartment Company LLC |
|---|