1809 Girard Boulevard SE, Albuquerque, NM 87106

$547,931
Property Type: Residential Income Square Footage: 3,100 Lot Size (sq. ft.): 7,754 Status: Active
Current Price: $547,931 List Date: 5/11/2026 Last Modified: 5/14/2026

Overview

Description

Any savvy investor knows they are three magic numbers for Albuquerque: 100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for 100 years of its 320 year history, and its currently undergoing a housing shortage of 24,343 units. The property is nestled at the back of the lot providing both significant buffering from Girard and optimum balcony views of the golf course for the second story apartments. With 4 modernized, well-apportioned 2 Bedroom / 1 bathroom apartments and 4 detached storage units. Metrics of investment performance at the ask price of $547,931 include a price per sf of $177, a price per unit of $136,983, GRM of 11.07, a cap rate after reserves of 6.35% and an after tax IRR of 12.50%.

Listing Details MLS# 1103323

Contract Information

List Price/SqFt
176.75
Allowance/Concession
No

Location

Street #
1809
Street Name
Girard
St Suffix
Boulevard
Post Direction
SE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87106
Zip +4
3155
MLS Area Major
42 – UNM South
Zone Atlas
L16

CityCounty Data

Subdivision Name
The Replat Of Lands Of Contrends Ltd

General Property Description

# of Units
4
5+ Units
No
Units for Sale
4
Property Sub-Type
Four Plex
Living Area
3100
SqFt Source
Professional
Lot Size Source
On-Line
Acres
0.18
Lot SqFt
7754
Directions
From I-25 and Gibson, east to Girard, north to property.
Stories
2
Total Stories in Bldg
2
Total # of Buildings
Yes
Year Built
1984
Age
Select One
# Parking Spaces
6
Accessory Dwelling Unit
No
Disability Access
No
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Multiple Lots
One
Flood Zone
X

Cooling

Centrally Ducted
Yes
Evaporative Cooling
Yes

Sales Info

Trade/Xch Considered
No

More Information

# of Unit Types (1)

# of Units
Yes
# of Bedrooms
2
# Baths
12
Approx. SqFt
775
Actual Rent
1100
Max Rent
1100
Market Rent
1200

# of Unit Types (2)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
775
Actual Rent
950
Max Rent
1100
Market Rent
1200

# of Unit Types (3)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
775
Actual Rent
1050
Max Rent
1100
Market Rent
1200

# of Unit Types (4)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
775
Actual Rent
1025
Max Rent
1100
Market Rent
1200

Unit Summary

Total Units
4
Average Unit Size
775
Average Actual Rent
1031.25
Annualized
49500
Total Actual Rent
4125

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101605624909630203

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
4576.92

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Wshr/Dryr HU in Unit
Yes

Flooring

Tile
Yes

Heating

Central
Yes

Owner Pays

Other – See Remarks
Yes

Tenant Pays

Other – See Remarks
Yes

Income & Expenses

Annual Gross Income
49425
Operating Expenses
13667

Build Description

Resale
Yes

Appliances included

Refrigerator
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Green Energy Generation

None
Yes

Electric Provider

Public Utility
Yes

Miscellaneous Info

No Sign
Yes

Metering

Individual Electric
Yes
Individual Gas
Yes

Parking

1.5 Spaces Per Unit
Yes

Roof

Flat
Yes

Finance Considered

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Rental Info

Other – See Remarks
Yes

Zoning

R-ML*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Wshr/Dryr HU in Unit Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Heating: Central Cooling: Evaporative Cooling Flooring: Tile Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Owner Pays: Other – See Remarks Tenant Pays: Other – See Remarks Parking: 1.5 Spaces Per Unit Roof: Flat Rental Info: Other – See Remarks Finance Considered: Cash; Conventional; FHA; VA Zoning: R-ML*

Documents

Listing Office: NM Apartment Advisors, Inc.
Last Updated: May – 14 – 2026
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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