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1809 Girard Boulevard SE
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1809 Girard Boulevard SE

Albuquerque, NM 87106

$547,931
8 bd • 15 ba • 3,100 sqft • 0.18 acres
2 Story
Stories
$177
Per SQFT
1984
Year Built
05/11/2026
Listing Date
1103323
Listing #
87106
Zip Code

About This Property

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%.

Interior

Bathrooms Total: 15
Appliances: Refrigerator
Laundry Features: Washer Hookup, Dryer Hookup, In Unit
Flooring: Tile

Building And Construction

Property Type: Residential Income
Property Sub Type: Quadruplex
Property Sub Type Additional: Quadruplex
Building Area Total: 3,100 sqft
Year Built: 1984
Construction Materials: Frame, Stucco
Levels: Two
Number Of Units Total: 4
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.18
Lot Size Square Feet: 7,754 sqft
Parking Total: 6

Provisional

MLS #: 1103323
Gross Income: 49425
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 1
Operating Expense: 13667
Owner Pays: Other, See Remarks
Tenant Pays: Other, See Remarks
Total Actual Rent: 4125

Area And Schools

City: Albuquerque
Postal Code: 87106
MLS Area Major: UNM South
County: Bernalillo
Parcel Number: 101605624909630203

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Cooling: Evaporative Cooling
Heating: Central
Heating (Y/N): Yes

Location

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Directions: From I-25 and Gibson, east to Girard, north to property.

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Listing courtesy of NM Apartment Advisors, Inc.
Southwest MLS Logo 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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550