1809 Girard SE Albuquerque, NM 87106
Fourplex near UNM with golf course views.
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. (505) 440-8633
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.
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 |