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South Campus Area Fourplex

1809 Girard SE Albuquerque, NM 87106

1809 Girard SE, Albuquerque, NM, 87106
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Fourplex near UNM with golf course views.

Property Size3,100 SF
Price / SF$176.75
AddedMay 11
Days on Market66
Last RefreshJul 15 at 2:15 pm

Property Features for 1809 Girard SE

General Information

Standard status
Active
Size
3,100 SF
Property subtype
Multifamily

Building Details

Year Built
1984

Listing office N.M. Apartments, Inc.

Listing date May 11, 2026

Source Crexi

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 fourplex is located in the South Campus/UNM area, across the street from the Puerta del Sol Golf Course, offering mountain views. The property is near UNM, CNM, Presbyterian Hospital, and Kirtland Air Force Base, with convenient access to I-25. It is also located across the street from the future site of the Aviation Center for Excellence, less than half a mile from the Max Q Development, and 2 miles east of the Lobo Crossing Retail Development. The property features four modernized apartments, each with 2 bedrooms and 1 bathroom, as well as four detached storage units. Each apartment is separately metered for gas and electric and includes an enclosed private patio or balcony. The apartments have been updated over the last few years, and a new roof was installed in 2025. Unit D has been fully renovated and is currently vacant. The property is located at the back of the lot, providing buffering from Girard and optimal balcony views. There is an unused common laundry room ready for renovation, pathways for creating large backyards on the two ground floor units, and four separate, detached storage units that are currently vacant.

Key Highlights

  • Prime location near UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, and I‑25.
  • Enjoy golf course views and mountain views from upper units.
  • Four well‑apportioned 2 Bedroom / 1 bathroom apartments with private patios/balconies and separate gas and electric meters.

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 (±1% cap)
NOI $28,299 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$374.1K
$327.3K – $436.4K (±1% cap)
NOI $26,185 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$750.0K
$656.2K – $875.0K (±1% cap)
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

Suggested Use

Real Estate Agency Law Firm Hair Salon Building Supply HVAC Service Skin Care Clinic Nail Salon Electrical Service Kitchen & Bath Showroom Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fourplex near UNM with golf course views.
Where is this quadplex located?
The property is located at 1809 Girard 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: Prime location near UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, and I‑25.; Enjoy golf course views and mountain views from upper units.; Four well‑apportioned 2 Bedroom / 1 bathroom apartments with private patios/balconies and separate gas and electric meters.
Contact an agent
(505) 440-8633 Call to check price and availability
More about this property
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