236 San Pablo St NE, Albuquerque, NM, 87108
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1958
Materials
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Built-In Gas Range,Convection Oven,Refrigerator,Range Hood
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 8
Features
- Skylights
- Window features: Skylight(s)
- Flooring: Laminate,Tile,Wood
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Evaporative Cooling
Interior Area
- Total structure area: 2,760
- Total interior livable area: 2,760 sqft
Property
Details
- Parcel number: 101905717718331723
- Zoning description: R-MH*
Features
- Levels: One
- Stories: 1
- Exterior features: Lighting
Lot
- Lot size: 6,969 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Earthquake
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Bernalillo County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,283 | $39,396 |
| Home Insurance * | $116 | $1,392 |
| Property Taxes | $459 | $5,508 |
| Electricity | $196 | $2,354 |
| Total | $4,054 | $48,648 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-13 | Listed for sale | $649,311 |
| 2025-12-04 | Listing removed | $329,800 |
| 2025-10-04 | Price change | $329,800 |
| 2025-09-04 | Price change | $335,000 |
| 2025-08-23 | Price change | $339,800 |
| 2025-08-14 | Price change | $345,000 |
| 2025-07-09 | Listed for sale | $358,000 |
| 2019-12-05 | Listing removed | $179,888 |
| 2019-06-28 | Listed for sale | $179,888 |
| 2019-04-21 | Listing removed | $460 |
| 2019-03-21 | Listed for rent | $460 |
| 2019-02-01 | Listing removed | $199,500 |
| 2018-10-11 | Price change | $199,500 |
| 2018-10-05 | Listed for sale | $399,000 |
| 2016-04-01 | Listing removed | $212,000 |
| 2015-07-29 | Listed for sale | $212,000 |
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