Map of Property

309, 311, 313 & 315 Palomas NE

309 Palomas NE, Albuquerque, NM 87108

  • For Sale $425,000
  • 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. 

 

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Contacts

broker
Todd Clarke Is this you?

New Mexico Apartment Advisors

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable

  • Transit Score ®

    45/100 Some Transit

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Fair West
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    4.40 miles

  • Asia Train Station

    4.64 miles

  • Montaño

    4.82 miles

  • Tingley Station

    5.17 miles

  • Bernalillo County/International Sunport

    5.44 miles

  • Aquarium/Garden Station

    5.57 miles

  • Los Ranchos/Journal Center

    6.92 miles

  • Sandia Pueblo

    9.05 miles

  • Circle K

    0.42 miles

  • Pump-N-Save

    0.53 miles

  • Murphy Express

    0.55 miles

  • Smith's gas station

    0.62 miles

  • Valero

    0.79 miles

  • Alon

    0.83 miles

  • Fill-Up

    0.85 miles

  • Y-Mart

    0.87 miles

  • Tesla Supercharger

    2.59 miles

  • ChargePoint

    3.82 miles

  • Two Park Square Visitor Parking

    1.60 miles

  • Park Square Parking Garage

    1.61 miles

  • Patient Lot

    1.67 miles

  • Underground Parking Entry

    1.80 miles

  • Employee Lot J

    1.84 miles

  • Lomas Parking Structure

    1.95 miles

  • Cornell Parking Garage

    2.05 miles

  • Yale Parking Garage

    2.22 miles

  • New UNMH Parking Garage

    2.23 miles

  • Recreational Storage

    2.25 miles

  • Lazy H Motel

    0.16 miles

  • De Anza Motor Lodge

    0.73 miles

  • Barcelona Suites

    1.01 miles

  • American Inn & Suites

    1.07 miles

  • Hotel Zazz

    1.11 miles

  • Hiway House

    1.48 miles

  • Hilton Garden Inn Albuquerque Uptown

    1.49 miles

  • Marriott Albuquerque

    1.51 miles

  • Sahara Motel

    1.55 miles

  • Motel 6 Albuquerque - I-40 - San Mateo

    1.82 miles

  • Cafe Da Lat

    0.17 miles

  • Weck's

    0.31 miles

  • El Sarape

    0.34 miles

  • Long John Silver's

    0.34 miles

  • Subway

    0.41 miles

  • Wendy's

    0.43 miles

  • Sonic

    0.45 miles

  • Kasbah

    0.47 miles

  • Wingstop

    0.49 miles

  • Caesar's Mexican & Greek

    0.50 miles

  • National Dance Institute of New Mexico

    0.48 miles

  • Highland High School

    0.60 miles

  • Zia Elementary School

    0.63 miles

  • Media Arts Collaborative Charter School

    0.67 miles

  • Coral Community Charter School

    0.68 miles

  • Chinese Culture Center & Lin's Martial Arts Academy

    0.82 miles

  • Our Lady of Fatima Catholic School

    1.01 miles

  • Mary Francis School

    1.01 miles

  • Emerson Elementary School

    1.08 miles

  • Mark Twain Elementary School

    1.10 miles

  • Discovery One Child Care

    1.14 miles

  • All Seasons Child Care and Learning Center

    1.27 miles

  • Wildflowers Day Nursery

    1.37 miles

  • Eastern Child Development Center

    1.44 miles

  • Our Place Learning Center

    1.56 miles

  • Serendipity Day School

    1.56 miles

  • Maxwell Child Development Center (1914)

    1.68 miles

  • Steps Ahead Learning Center

    1.94 miles

  • Gibson Child Development Center

    2.11 miles

  • Little Big Foot Day School

    2.45 miles

Frequently Asked Questions

How much does 309, 311, 313 & 315 Palomas NE cost?

The space currently listed for sale at 309, 311, 313 & 315 Palomas NE asks for $425,000.

What is the total square footage of 309, 311, 313 & 315 Palomas NE?

309, 311, 313 & 315 Palomas NE totals 4,226 square feet.

When was this property built?

309, 311, 313 & 315 Palomas NE was built in 1957.

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Contact Listing Broker
broker
Todd Clarke Is this you?

New Mexico Apartment Advisors

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