1508 Edith Boulevard NE, Albuquerque, NM 87102

$1,375,000
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: 4/04/2026

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

Listing Office: LPT Realty
Last Updated: April - 04 - 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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