1409 Girard Boulevard NE, Albuquerque, NM 87106

$3,255,609

DM2-Girard1409NE-andVassar1440NE-0707202

Property Type: Residential Income Square Footage: 16,088 Lot Size (sq. ft.): 17,424 Status: Closed

Current Price: $3,255,609 List Date: 7/13/2022 Last Modified: 1/14/2026

Overview

Description

This all studio 39 unit portfolio, includes 8 units that were recently renovated and three units that rent as furnished studios for $1,050. Located at 1409 Girard NE and 1440 Vassar NE and just north of UNM north campus (medical/law school) and next to the world-famous Padilla's restaurant (arrive early!). The owner is offering these properties together or separate. The prices individually are: 1409 Girard NE - $1,940,692 and 1440 Vassar NE - $1,314,914 or $3,255,609 for all 39 units. DO YOU NEED MORE? How about 89 units? The same owner has another 50 unit property in Nob-Hill that we are going to market on 9/1 with new rent increases that will be effective 11/1- the price for this property is $5,349,113 but the owner is only willing to sell it as part of the entire 89 u portfoli

Listing Details MLS# 1018792

Status Change Info

Pending Date: 2023-08-25
Closing Date: 2023-10-16

Contract Information

List Price/SqFt: 202.36
Allowance/Concession: No

Location

Street #: 1409
Street Name: Girard
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 1854
MLS Area Major: 40 - UNM
Zone Atlas: J16

CityCounty Data

Subdivision Name: * A 001REPLAT LTS 4 THRU 8 BLK 1 VISTA LARGA SUBD

General Property Description

# of Units: 39
5+ Units: Yes
Units for Sale: 39
Property Sub-Type: Multi-Family
Living Area: 16088
Lot Size Source: On-Line
Acres: 0.4
Lot SqFt: 17424
Directions: From I-40 and Carlisle - south to Indian School, west to Girard, north to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1972
Age: 41 - 50
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 20
# Baths: Yes
Style: Studiosat1409
Approx. SqFt: 413
Actual Rent: 672
Max Rent: 725
Market Rent: 825

# of Unit Types (2)

# of Units: 8
# Baths: Yes
Style: Studiosat1440
Approx. SqFt: 413
Actual Rent: 673
Max Rent: 725
Market Rent: 895

# of Unit Types (3)

# of Units: 8
# Baths: Yes
Style: Renovated Studios
Approx. SqFt: 413
Actual Rent: 732
Max Rent: 835
Market Rent: 895

# of Unit Types (4)

# of Units: 3
# Baths: Yes
Style: Furnished Studios
Approx. SqFt: 413
Actual Rent: 1050
Max Rent: 1050
Market Rent: 1050

Unit Summary

Total Units: 39
Average Unit Size: 413
Average Actual Rent: 713.58
Annualized: 333960
Total Actual Rent: 27830

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101605825540921406

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 5459.62

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Laundry Community: Yes
Some Landscaping: Yes

Cooling

Window Unit(s): Yes

Flooring

Carpet: Yes

Heating

Wall Unit: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Other - See Remarks: Yes

Income & Expenses

Annual Gross Income: 334020
Operating Expenses: 134316

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

No Sign: Yes

Metering

All Master Metering: Yes

Operating Expenses

Other - See Remarks: Yes

Parking

Guest Parking: Yes
Paved: Yes

Roof

Flat: Yes
TPO (G): Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Source

Actual Record: Yes
Broker Provided: Yes
Owner Provided: Yes

Zoning

R-MH*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Laundry Community; Some Landscaping Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Window Unit(s) Flooring: Carpet Green Energy Generation: None Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: All Master Metering Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: Guest Parking; Paved Roof: Flat; TPO (G) Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Source: Actual Record; Broker Provided; Owner Provided Zoning: R-MH*

Documents

LO SO Letter to Buyers, Buyers Broker ›

Lead Based Paint ›

Tax Levy Disclosure ›

Flyer & APOD ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: January - 14 - 2026

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