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.
For sale
$649,311
236 San Pablo St NE, Albuquerque, NM 87108
3beds
8baths
2,760sqft
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$235/sqft
$-- HOA
What's special
- 124 days |
- 54 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Trey W. Whaley 505-269-1824,
Trinity Apartment Company LLC 505-622-3240
Source: SWMLS,MLS#: 1099827
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 8
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: 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: $235/sqft
- Tax assessed value: $131,736
- Annual tax amount: $1,855
- Date on market: 3/13/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 31200
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$2,005/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: La Mesa
Nearby schools
GreatSchools rating
- 4/10La Mesa Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 5/10Hayes Middle SchoolGrades: 6-8Distance: 1 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.6 mi
- $--1 bd1 ba600 sqft236 San Pablo St NE APT D, Albuquerque, NM 87108Off Market
- $--1 bd1 ba614 sqft236 San Pablo St NE APT B, Albuquerque, NM 87108Off Market
- $--1 bd1 ba600 sqft236 San Pablo St SE #B, Albuquerque, NM 87108Off Market
- $324,6555 bd4 ba2.7k sqft240 San Pablo St NE, Albuquerque, NM 87108For Sale
- $--1 bd1 ba615 sqft240 San Pablo St NE #C, Albuquerque, NM 87108Off Market
- $--2 bd1 ba785 sqft240 San Pablo St NE #A, Albuquerque, NM 87108Off Market
- $--1 bd1 ba647 sqft240 San Pablo St NE #D, Albuquerque, NM 87108Off Market
- $--1 bd1 ba618 sqft240 San Pablo St NE APT B, Albuquerque, NM 87108Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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