Albuquerque Multifamily Investment
1809 Girard Boulevard SE Albuquerque, NM 87106
1809 Girard Boulevard SE, Albuquerque, NM, 87106
$547,931
For Sale
$547,931
MULTI_FAMILY - Albuquerque, NM
Property Size3,100 SF
Lot Size0.18 Acres
Price / SF$176.75
Days on Market72
Property Features for 1809 Girard Boulevard SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 15
- Rooms
- Bathroom 13, Bedroom 2, Bathroom 5, Bedroom 3, Bathroom 15, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 8, Bathroom 10, Bathroom 2, Bathroom 7, Bathroom 9, Bathroom 8, Bathroom 11, Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 14, Bedroom 7, Bathroom 6, Bathroom 12
- Parking
- 6
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101605624909630203
- Size
- 3,100 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Tract A2C, Sumar Plat of Portionof Tract A2 of Cont. Trends LTD
- Tax Annual Amount
- 4577
Utilities
- Heating system
- Central
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Frame, Stucco
Listing Agency
NM Apartment Advisors, Inc.
(505) 440-8633
524 Central Ave. SW Suite 801, Albuquerque, NM
Listed by
Todd D Clarke · License #13711
(505) 440-8633
Added: May 11 Updated: Jul 18 at 3:51 am Checked: Jul 21 at 5:06 am
MLS# 1103323
Listing URL
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property in Albuquerque, New Mexico, features four modernized apartments, each with two bedrooms and one bathroom. The property also includes four detached storage units. Nestled at the back of the lot, the apartments offer buffering from Girard Boulevard and balcony views of the golf course from the second story. The property size is 3100 square feet and it sits on a lot of 0.18 acres.
Key Highlights
- 4 modernized 2‑bedroom/1‑bath apartments with second‑story balconies
- Additional income add‑on: 4 detached storage units
- Investment metrics at $547,931 ask price: $177/sf, $136,983 per unit, GRM 11.07
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $13.80 |
| − Vacancy | −$2.4k | −$0.76 |
| EGI | $40.4k | $13.04 |
| − OpEx | −$12.1k | −$3.91 |
| NOI | $28.3k | $9.13 |
3,100 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.3K
$353.7K – $471.7K
NOI $28,299 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$374.1K
$327.3K – $436.4K
NOI $26,185 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$750.0K
$656.2K – $875.0K
NOI $52,497 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Precision Managed IT
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four modernized apartments with golf course views in Albuquerque.
Where is this quadplex located?
The property is located at 1809 Girard Boulevard SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $547,931.
What are key features of this property?
This property features: 4 modernized 2‑bedroom/1‑bath apartments with second‑story balconies; Additional income add‑on: 4 detached storage units; Investment metrics at $547,931 ask price: $177/sf, $136,983 per unit, GRM 11.07
