Updated Two-Unit
For Sale
$245,499
636 San Pablo St, Albuquerque, NM 87108
Two one-bedroom residences with refreshed interiors, shared laundry, and off-street parking.
Property Size1,242 SF
Price / SF$197.66
Days on Market137
Property Features for 636 San Pablo St
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
on-site laundry
Building Details
Year Built
1957
Listing Agency:
Keller Williams Realty
Listed By:
Medina Real Estate Inc
(505) 375-2062
Source:
Albuquerquehomefinders
Added: Jun 3
Changed: Oct 1
Last Checked: Oct 16 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,242-square-foot duplex, built in 1957, contains two one-bedroom, one-bath units. One residence is occupied, while the other has been refreshed with new interior paint, 4-inch baseboards, a new bathroom vanity, new closet and bathroom doors, and rekeyable locks. The property also includes tile flooring, updated electrical and plumbing, new ranges, MasterCool air conditioners, a wall heater, and a water heater.
A newer roof and 6-foot privacy fence add to the physical improvements. Both units share on-site laundry, with off-street parking and a spacious backyard supporting the property’s residential configuration. The duplex is located at 636 San Pablo St in Albuquerque, New Mexico.
A newer roof and 6-foot privacy fence add to the physical improvements. Both units share on-site laundry, with off-street parking and a spacious backyard supporting the property’s residential configuration. The duplex is located at 636 San Pablo St in Albuquerque, New Mexico.
Key Highlights
- Two 1‑bedroom, 1‑bath units within a 1,242‑square‑foot duplex
- One unit occupied; second unit recently refreshed and move‑in ready
- Recent improvements include updated electrical and plumbing, new ranges, and MasterCool air conditioners
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,338
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,760
$226.8K
Cap Rate 7%
$161,971
$162.0K
Cap Rate 9%
$125,978
$126.0K
Market Conditions
NOI Build-Up for 1,242 SF
Gross rent
$17.1K $13.80/SF
− Vacancy
−$943 −$0.76/SF
EGI
$16.2K $13.04/SF
− OpEx
−$4.9K −$3.91/SF
NOI
$11.3K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,760
Cap Rate 7%
$161,971
Cap Rate 9%
$125,978
Alternative Uses
Best Use
Multifamily LT 5
$162.0K
$141.7K – $189.0K
NOI $11,338 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$149.9K
$131.1K – $174.9K
NOI $10,491 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$300.5K
$262.9K – $350.6K
NOI $21,033 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences with refreshed interiors, shared laundry, and off-street parking.
Where is this duplex located?
The property is located at 636 San Pablo St Albuquerque, NM.
What is the asking price?
The asking price for this property is $245,499.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units within a 1,242‑square‑foot duplex; One unit occupied; second unit recently refreshed and move‑in ready; Recent improvements include updated electrical and plumbing, new ranges, and MasterCool air conditioners
