Contacts
New Mexico Apartment Advisors
Property Details
- Property Type Multi-Family
- Property Size 4,226 SF
- Units 4
- Lot Size 0.23 Acre
- Cap Rate % 6.1
- Year Built 1957
- Date Updated Jan 23, 2025
NM Apartment Advisors and Deacon Property Service are very excited to bring to market this architectural gem of a property.
It is very rare chance to own a classic Albuquerque investment property with so much value-add opportunity. The property contains two duplexes in sperate lots with spacious 2 bedroom / 1 bathroom apartments that live like patio homes and boast over 1,050 sf of living space with large living areas, kitchens, & bathrooms designed to accommodate multiple occupants.
Residents love the complex's private and secluded courtyard entry, the circular driveway and off-street parking options, the bonus exterior storage assigned to each apartment, and the large private yard spaces, almost as much as the quality and unique architectural Þnishes in each apartment.
All units are separately metered for gas and electric and feature small slat oak floors, original custom tile, built-ins, and well-preserved vintage Þxtures throughout. 309 Palomas NE has just been renovated to make the ideal owner occupancy apartment while also demonstrating where value-add renovation work will take the next investor.
Located on the edge of Nob Hill right where small apartment complexes give way to single family pride of ownership in Fair West. Don't miss this opportunity to own such a well-constructed gem of 4- plex with so much upside.
Reach out to the broker for more info on lease terms and amenities
Getting around
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78/100
Walk Score ®
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45/100
Transit Score ®
-
81/100
Bike Score ®
Location
- City Albuquerque, NM
- Neighborhood Fair West
- Zip Code 87108
- Market Albuquerque
Points of Interest
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Africa Train Station
4.40 miles
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Asia Train Station
4.64 miles
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Montaño
4.82 miles
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Tingley Station
5.17 miles
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Bernalillo County/International Sunport
5.44 miles
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Aquarium/Garden Station
5.57 miles
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Los Ranchos/Journal Center
6.92 miles
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Sandia Pueblo
9.05 miles
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Circle K
0.42 miles
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Pump-N-Save
0.53 miles
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Murphy Express
0.55 miles
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Smith's gas station
0.62 miles
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Valero
0.79 miles
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Alon
0.83 miles
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Fill-Up
0.85 miles
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Y-Mart
0.87 miles
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Tesla Supercharger
2.59 miles
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ChargePoint
3.82 miles
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Two Park Square Visitor Parking
1.60 miles
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Park Square Parking Garage
1.61 miles
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Patient Lot
1.67 miles
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Underground Parking Entry
1.80 miles
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Employee Lot J
1.84 miles
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Lomas Parking Structure
1.95 miles
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Cornell Parking Garage
2.05 miles
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Yale Parking Garage
2.22 miles
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New UNMH Parking Garage
2.23 miles
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Recreational Storage
2.25 miles
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Lazy H Motel
0.16 miles
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De Anza Motor Lodge
0.73 miles
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Barcelona Suites
1.01 miles
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American Inn & Suites
1.07 miles
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Hotel Zazz
1.11 miles
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Hiway House
1.48 miles
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Hilton Garden Inn Albuquerque Uptown
1.49 miles
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Marriott Albuquerque
1.51 miles
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Sahara Motel
1.55 miles
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Motel 6 Albuquerque - I-40 - San Mateo
1.82 miles
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El Mezquite Market
0.43 miles
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Sprouts Farmers Market
0.53 miles
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Bombay Spice
0.57 miles
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Smith's
0.59 miles
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Nob Hill Body and Soul Center
1.00 miles
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La Montañita Co-op Nob Hill
1.27 miles
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999 Seafood Supermarket
1.43 miles
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TJ Maxx
1.58 miles
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Dillard's
1.64 miles
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Target
1.67 miles
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New Mexico Apartment Advisors
