BEDS5
BATHS
SQUARE FEET2,760
MLS#1101906
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLoma Verde Subdivision
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Wall Furnace
Lot Size: 0.16 Acres
Stories: 1.0
Taxes: $1,855
Year Built: 1958
Amenities
Landscaping
Lighting
Feature Descriptions
Appliances: Free-Standing Gas Range, Refrigerator
Exterior: Stucco
Flooring: Tile, Vinyl, Wood
Parcel#: 101905717718931715
Units: 4
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Trinity Apartment Company LLC
Agency Phone: (505) 622-3240
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 828-1000
Estimate Your Payment
Estimated Payment
$ 971.82 per month $722.54 Principal & Interest $154.58 Property Tax $94.69 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
240 San Pablo Street Ne | MLS# 1101906
This multi-family property located at 240 San Pablo Street Ne, Albuquerque, NM 87108 is currently listed for sale with an asking price of $324,655. Search Albuquerque real estate on www.cblegacy.com today.