1508 Edith Boulevard NE, Albuquerque, NM 87102

$1,375,000

After Drone-Front of Luxury Loft and Cas

Property Type: Residential Income Square Footage: 5,304 Lot Size (sq. ft.): 22,651 Status: Active

Current Price: $1,375,000 List Date: 4/03/2026 Last Modified: 4/15/2026

Overview

Description

Introducing Academy Casitas, Albuquerque's unique tiny village in the heart of downtown. This 8-unit hacienda-style community sits on a private, scenic .52 acre lot with ample parking and mixed-use zoning. Thoughtfully developed over 20 years, the property blends Southwestern charm with functional design, offering privacy and dedicated outdoor living spaces. Features include an on-site laundry room, a Morton steel building, and an RV pad with hookups. Well maintained with updates to roof, HVAC, appliances, and sewer/water lines. Flexible rental options for short- or long-term use. Turnkey asset with strong cash flow and upside potential.

Listing Details MLS# 1101065

Contract Information

List Price/SqFt: 259.24

Location

Street #: 1508
Street Name: Edith
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 1676
MLS Area Major: 80 - Downtown Area
Zone Atlas: J15

General Property Description

# of Units: 8
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 5304
SqFt Source: Professional
Lot Size Source: Survey
Acres: 0.52
Lot SqFt: 22651
Directions: From Mountain & Broadway, east to Edith, South on Edith to property.
Stories: Yes
Total # of Buildings: 3
Year Built: 1949
Age: 71 - 80
Accessory Dwelling Unit: No
Disability Access: Yes
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: Yes
Evaporative Cooling: Yes

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 534
Actual Rent: 1475
Max Rent: 1475
Market Rent: 1475

More Information

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 1200
Actual Rent: 1625
Max Rent: 1700
Market Rent: 1725

# of Unit Types (3)

# of Units: Yes
# Baths: Yes
Style: Studio
Approx. SqFt: 332
Actual Rent: 1045
Max Rent: 1175
Market Rent: 1175

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 528
Actual Rent: 1280
Max Rent: 1350
Market Rent: 1350

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 1060
Actual Rent: 1300
Max Rent: 1500
Market Rent: 1500

# of Unit Types (6)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 600
Actual Rent: 1250
Max Rent: 1375
Market Rent: 1375

# of Unit Types (7)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 550
Actual Rent: 1270
Max Rent: 1375
Market Rent: 1375

# of Unit Types (8)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 500
Actual Rent: 1200
Max Rent: 1300
Market Rent: 1300

Unit Summary

Total Units: 8
Average Unit Size: 663
Average Actual Rent: 1305.62
Annualized: 125340
Total Actual Rent: 10445

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101505803839220401

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 4171.14

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Balconies/Deck: Yes
Ceiling Fan(s): Yes
Fireplace Some Units: Yes
Gated: Yes
Laundry Community: Yes
Storage: Yes

Flooring

Laminate: Yes
Tile: Yes

Heating

Forced Air: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes
Other - See Remarks: Yes

Showing Requirements

Call Listing Agent: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Other - See Remarks: Yes

Build Description

Resale: Yes

Appliances included

Dryer: Yes
Free-Standing Gas Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: 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

Miscellaneous Info

No Sign: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Parking

2+Spaces Per Unit: Yes

Roof

Flat: Yes
Pitched: Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Rental Info

Current Lse Agreemnt: Yes
Month To Month: Yes
Yearly Lease: Yes
Other - See Remarks: Yes

Source

Owner Provided: Yes

Zoning

MX-T*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Balconies/Deck; Ceiling Fan(s); Fireplace Some Units; Gated; Laundry Community; Storage Appliances included: Dryer; Free-Standing Gas Range; Microwave; Refrigerator; Washer Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Forced Air Cooling: Evaporative Cooling Flooring: Laminate; Tile Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Owner Pays: Sewer; Trash Removal; Water; Other - See Remarks Tenant Pays: Electric; Gas; Other - See Remarks Parking: 2+Spaces Per Unit Roof: Flat; Pitched Rental Info: Current Lse Agreemnt; Month To Month; Yearly Lease; Other - See Remarks Finance Considered: Cash; Conventional; FHA; VA Source: Owner Provided Showing Requirements: Call Listing Agent Zoning: MX-T*

Documents

Form 2100 - Broker Duties Supplemental ›

ILR ›

Sellers Disclosure ›

Lead Based Paint ›

Tax Levy Disclosure ›

Unit Breakdown & Detailed Features ›

Annual Property Operating Data ›

Listing Office: LPT Realty

Last Updated: April - 15 - 2026

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