$547,931

$177/sqftactive

1809 Girard Boulevard SE, Albuquerque, NM 87106

3 days on market

Beds

Baths

Sqft

3,100

Lot

7,754 sqft

Built

1984

Type

multi family

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%.

Features & Amenities

Refrigerator

Tile Flooring

2 Stories

6 Parking Spaces

Subdivision: The Replat Of Lands Of Contrends Ltd

Property Details

MLS #	1103323
Property Type	multi family
Year Built	1984
Heating	Central
Cooling	EvaporativeCooling
Lot Size	7,754 sqft
Property Tax (est.)	$4,577/yr ($381/mo)
Price / Sqft	$177
Status	Active
Days on Market	3

Listing courtesy of NM Apartment Advisors, Inc.. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.