- For Sale $1,451,032
- Property Type Multi-Family
- Property Size 9,600 SF
- Units 16
- Lot Size 0.22 Acre
- Cap Rate % 6.5
- Year Built 1974
- Date Updated May 4, 2026
Description
On behalf of the Owner, NM Apartments Inc. is honored to bring this unique, 16 unit apartment community to market. This is the first time this property has been offered to the market in many decades. Welcome to Mardi Villas, a three story, double loaded corridor with a garden style atrium. This property is known for its unique architecture, ducked under parking and commanding presence on it’s corner location. The property amenities include an on site laundry, covered parking and extra spac es for potential community amenities. Located just east of Nob-Hill and along two major transit/biking corridors to the Uni versity of New Mexico, the property it well situated to serve retirees, the UNM/CNM submarkets or Uptown submarkets.
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Contacts
New Mexico Apartment Advisors
Location
Located at 317 Palomas NE, Albuquerque, NM 87108, this property is part of the Fair West neighborhood and Albuquerque market.
New Mexico Apartment Advisors