$339,800
$18K PRICE DROP

240 San Pablo St NE Albuquerque, NM 87108

Fairgrounds Neighborhood

Estimated payment $2,002/month

Total Views 2,875
2 Beds
1 Bath
2,760 Sq Ft
$123 Price per Sq Ft

Highlights

  • Wood Flooring
  • Community Storage Space
  • Property has 1 Level
  • Evaporated cooling system
  • Wall Furnace

About This Home

This 4 Plex consisting of 3 one bedroom units, and an owners unit featuring a 2 bedroom 1 bathroom, is an Incredible investment opportunity in a sought after area of town, with a large tenant base. Pride of ownership shows with recent maintenance and beautiful wood floors. 236 & 240 San Pablo share a common area in the center of the property and are the perfect pair for purchase; each sit on a separate parcel which qualifies each unit for traditional financing!! Current ownership has maintained tenants and steady growth in income, also doing some recent repairs such as stucco and appliances. Nice investment with an option for an owners suite, with room for growth with rents.

Listing Agent

Steffan Walters

Jason Mitchell RE NM Listed on: 07/08/2025

Co-Listing Agent

Steffan Walters

Jason Mitchell RE NM License #REC20220706

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,799

Year Built

  • Built in 1958

Lot Details

  • 6,534 Sq Ft Lot
  • Additional Parcels

Home Design

  • Quadruplex

Interior Spaces

  • 2,760 Sq Ft Home
  • Property has 1 Level
  • Free-Standing Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 101905717718931715

Community Details

Building Details

  • Operating Expense $11,348
  • Gross Income $37,139

Additional Features

  • 2,760 Sq Ft Building
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,799

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Louisiana to central. East on Central to San Pablo.
  • Listing Contract Date: 2025-07-08
  • Year Built: 1958
  • Lot Size Acres: 0.15
  • Co List Office Mls Id: JMNM01
  • Co List Office Phone: (505) 808-9940
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: Free-Standing Electric Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 2760.0

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: unknown
  • Construction Type: Block
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Other, See Remarks, Wall Furnace
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Storage Facilities

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Additional Parcels: Yes
  • Parcel #: 101905717718931715
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 37138.5
  • Annual Operating Expense: 11348.1

Tax Info

  • Tax Annual Amount: 1798.56

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2025 08/23/25 Price Changed $339,800 -1.5% $123 / Sq Ft
08/14/2025 08/14/25 Price Changed $345,000 -3.6% $125 / Sq Ft
07/08/2025 07/08/25 For Sale $358,000 -- $130 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1087489

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-057-177-189-3-17-15

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

240 San Pablo St NE, Albuquerque, NM

This home is located at 240 San Pablo St NE, Albuquerque, NM 87108 and is currently priced at $339,800, approximately $123 per square foot. This property was built in 1958. 240 San Pablo St NE is a home located in Bernalillo County with nearby schools including La Mesa Elementary School, Hayes Middle School, and Highland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Steffan Walters
Listing Agent
Steffan Walters
Section Image
Jason Mitchell RE NM
(505) 461-4718