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Updated 16-Unit Apartment Portfolio
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1117 Girard Blvd SE, Albuquerque, NM 87106

Two eight-unit apartment buildings with renovated interiors, secured courtyards, and off-street parking in Albuquerque’s UNM area.

Property SizeContact for details
Days on Market144

Property Features for 1117 Girard Blvd SE

General Information

Standard status Active
Property subtype Multifamily

Financials

Asking Price $1,629,407
Cap Rate 7%

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 8 x 1BR, 8 x 2BR/1BA
Multifamily Units 16

Amenities

secured common courtyard entry
off-street parking
free common laundry room
private entry

Building Details

Buildings 2
Listing Agency: N.M. Apartments, Inc.
Listed By: Todd Clarke · License #13711
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:28PM

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 N.M. Apartments, Inc.

Investment Insights

Based on property information with market context.

This apartment offering combines two eight-unit buildings totaling 16 units. The unit mix includes eight one-bedroom apartments and eight two-bedroom, one-bath townhome-style units. Improvements across the properties include solid-surface or vinyl plank flooring, thermal windows, updated kitchens and bathrooms, newer roofs and exterior paint, custom finishes, and woodwork upgrades. Seven of the eight units in the two-bedroom building have been rehabilitated within the last 8 years.

Property features include separately metered electric service at one building, assigned and additional off-street parking, secured common courtyard entries, private entrances, private yards at most two-bedroom units, and a common laundry room. Two larger two-bedroom units include floor plans exceeding 1,000 SF with private en-suite vanities and water closets.

The properties are positioned in Albuquerque’s UNM area, with stated access to Roosevelt Park, UNM, Nob Hill, CNM, Presbyterian Hospital, Downtown Albuquerque, and I-25. The buildings may be acquired individually or together as a portfolio.

Key Highlights

  • 16 units across two eight‑unit apartment buildings
  • Unit mix includes eight 1‑bedroom units and eight 2‑bedroom / 1‑bath townhome‑style units
  • Seven of 8 units in the two‑bedroom building rehabilitated within the last 8 years

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Electrical Service HVAC Service Kitchen & Bath Showroom Food Market Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

450
Businesses Nearby

Demographics for 87106, NM

26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two eight-unit apartment buildings with renovated interiors, secured courtyards, and off-street parking in Albuquerque’s UNM area.
Where is this apartment building located?
The property is located at 1117 Girard Blvd SE Albuquerque, NM.
What are key features of this property?
This property features: 16 units across two eight‑unit apartment buildings; Unit mix includes eight 1‑bedroom units and eight 2‑bedroom / 1‑bath townhome‑style units; Seven of 8 units in the two‑bedroom building rehabilitated within the last 8 years
(505) 440-8633 Call to check price and availability
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