For sale

Price cut: $324.3K (8/4)

$325,000

236 San Pablo St NE, Albuquerque, NM 87108

5beds

4baths

2,760sqft

$2,186/mo

Get pre-qualified

Quadruplex, Multi Family

Built in 1958

-- sqft lot

$-- Zestimate^®

$118/sqft

$-- HOA

What's special

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.

25 days
453
27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Heating

Wall Furnace

Cooling

Evaporative Cooling

Appliances

Included: Built-In Gas Range, Convection Oven, Refrigerator, Range Hood

Features

Skylights
Flooring: Laminate, Tile, Wood
Windows: Skylight(s)

Interior area

Total structure area: 2,760
Total interior livable area: 2,760 sqft

Property

Features

Levels: One
Stories: 1
Exterior features: Lighting

Lot

Size: 6,969 Square Feet

Details

Parcel number: 101905717718331723
Zoning description: R-MH*

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Stucco

Condition

Resale
New construction: No
Year built: 1958

Utilities & green energy

Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Subdivision: Loma Verde Subdivision

Location

Region: Albuquerque

Financial & listing details

Price per square foot: $118/sqft
Tax assessed value: $131,736
Annual tax amount: $1,855
Date on market: 8/4/2026
Cumulative days on market: 170 days
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 3120
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

$2,316/mo

Price history

Date	Event	Price
8/4/2026	Price change	$325,000-49.9%$118/sqft
Source: SWMLS #1108518 Report a problem
3/13/2026	Listed for sale	$649,311+96.9%$235/sqft
Source: SWMLS #1099827 Report a problem
12/4/2025	Listing removed	$329,800$119/sqft
Source: SWMLS #1087488 Report a problem
10/4/2025	Price change	$329,800-1.6%$119/sqft
Source: SWMLS #1087488 Report a problem
9/4/2025	Price change	$335,000-1.4%$121/sqft
Source: SWMLS #1087488 Report a problem
8/23/2025	Price change	$339,800-1.5%$123/sqft
Source: SWMLS #1087488 Report a problem
8/14/2025	Price change	$345,000-3.6%$125/sqft
Source: SWMLS #1087488 Report a problem
7/9/2025	Listed for sale	$358,000+99%$130/sqft
Source: SWMLS #1087488 Report a problem
12/5/2019	Listing removed	$179,888$65/sqft
Source: Allen Sigmon Real Estate Group #948180 Report a problem
6/28/2019	Listed for sale	$179,888-9.8%$65/sqft
Source: Allen Sigmon Real Estate Group #948180 Report a problem
4/21/2019	Listing removed	$460
Source: Owner Report a problem
3/21/2019	Listed for rent	$460
Source: Owner Report a problem
2/1/2019	Listing removed	$199,500$72/sqft
Source: Allen Sigmon Real Estate Group #936082 Report a problem
10/11/2018	Price change	$199,500-50%$72/sqft
Source: Allen Sigmon Real Estate Group #930045 Report a problem
10/5/2018	Listed for sale	$399,000+88.2%$145/sqft
Source: Allen Sigmon Real Estate Group #930045 Report a problem
4/1/2016	Listing removed	$212,000$77/sqft
Source: Urban Southwest Investment Properties, LLC #846532 Report a problem
7/29/2015	Listed for sale	$212,000$77/sqft
Source: Urban Southwest Investment Properties, LLC #846532 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,855 +3.2%	$43,908 +3%
2024	$1,799 +1.7%	$42,629 +3%
2023	$1,769 +3.5%	$41,388 +3%
2022	$1,709 +3.5%	$40,182 +3%
2021	$1,652 +1.7%	$39,013 +3%
2020	$1,625	$37,877 +3%
2019	--	$36,774
2018	$1,410 -7.3%	$36,774 -14.9%
2017	$1,521 +5%	$43,229 +26.9%
2016	$1,449 -95.6%	$34,055 +3%
2015	$33,063 +2255%	$33,063
2014	$1,404	$33,063 -10%
2013	$1,404	$36,717
2012	--	$36,717 -33.5%
2011	--	$55,176
2010	--	$55,176 +3%
2009	--	$53,570 +3%
2008	--	$52,009 +3%
2007	--	$50,495 -2.5%
2006	--	$51,795