309 Geraldine Loop SE Rio Rancho, NM 87124
Solar Village-Mid-Unser NeighborhoodEstimated payment $5,961/month
Total Views
5,492
2
Beds
8
Baths
6,684
Sq Ft
$154
Price per Sq Ft
Highlights
- 0.57 Acre Lot
- Forced Air Heating System
- Carpet
- Lincoln Middle School Rated A-
- Evaporated cooling system
About This Home
Prime Multi-Family Investment Opportunity in Rio Rancho!Discover this rare investment consisting of two separately parceled 4-plex buildings offered for sale together. These eight well-maintained 2-bedroom, 1-bath units are currently occupied by long-standing tenants, delivering immediate, stable income with strong upside potential. Located in a high-demand rental market where quality multi-family properties are extremely difficult to find, this portfolio offers a turnkey solution for the savvy investor. The units are clean, functional, and have been thoughtfully cared for, resulting in reliable cash flow and minimal deferred maintenance.Don't miss this exceptional chance to acquire a performing 8-unit asset in one of the area's most desirable locations.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,716
Year Built
- Built in 1980
Home Design
- Quadruplex
- Frame Construction
- Stucco
Interior Spaces
- 6,684 Sq Ft Home
- Property has 2 Levels
- Carpet
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 8 Bathrooms
Utilities
- Evaporated cooling system
- Forced Air Heating System
- Natural Gas Connected
Additional Features
- Exterior Lighting
- 24,829 Sq Ft Lot
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 1011069267181
Community Details
Overview
- 8 Units
- 6,684 Sq Ft Building
- Star Heights 2 Subdivision
Building Details
- Operating Expense $22,478
- Gross Income $76,800
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,857 | $51,530 | $7,070 | $44,460 |
| 2024 | $1,883 | $51,530 | $7,070 | $44,460 |
| 2023 | $1,883 | $51,530 | $7,070 | $44,460 |
| 2022 | $1,829 | $50,029 | $6,926 | $43,103 |
| 2021 | $1,869 | $50,029 | $6,926 | $43,103 |
| 2020 | $1,815 | $48,572 | $0 | $0 |
| 2019 | $1,827 | $48,572 | $0 | $0 |
| 2018 | $1,668 | $47,157 | $0 | $0 |
| 2017 | $1,599 | $45,784 | $0 | $0 |
| 2016 | $1,739 | $44,450 | $0 | $0 |
| 2014 | $1,681 | $44,450 | $0 | $0 |
| 2013 | -- | $44,450 | $4,669 | $39,781 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2026 07/10/26 | For Sale | $1,030,000 | -- | $154 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
About the Listing Agent
Michael is a father to Oliver (10 years old), and husband to Danielle Schlichte (18 years), and a long-time resident of Rio Rancho. He is currently building a custom home in Corrales New Mexico where he plans to raise his family and lay down even deeper roots.
Michael has been a licensed Realtor since 2005. He began his career as a home flipper. Since that time Michael and his team have flipped approximately two hundred homes in NM ranging from Artesia to Farmington and every city in
Michael's Other Listings
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1107082
APN: 1-011-069-267-181
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 2300 17th St SE
- 1765 Celina Rd SE
- 1635 Fornax Rd SE
- 785 Arcturus Ave SE
- 1705 Arlene Rd SE
- 1776 Borealis Ave SE
- 95 Eventide Rd SE
- 1652 Domain Loop SE
- 55 Darlene Rd SE
- 2102 Virgin Wood Rd SE
- 2100 Black Hills Rd NE
- 1765 Laird Ct SE
- 565 Lisbon Ave SE
- 811 Orbit Ct SE
- 439 Wagon Train Dr SE
- 1340 Sage Brush Ct SE
- 763 Western Hills Dr SE
- 80 Sienna Ct NE
- 135 Tarpon Ave SE
- 735 Stagecoach Rd SE
- 305 Geraldine Rd SE Unit C
- 85 Darlene Rd SE Unit B
- 100 Eaton Rd SE
- 86 Wyoming Autumn Rd NE
- 1706 Daybreak Rd SE
- 270 Littler Dr SE
- 801 Casper Rd SE
- 532 Cancun Loop NE
- 2217 Mayapan Rd SE
- 2401 Falesco Rd SE
- 602 Lakeview Cir SE Unit H
- 931 Country Club Dr SE Unit J
- 3035 Southern Blvd SE Unit C
- 2728 Walsh Loop SE
- 1640 Arbolera Loop
- 900 Country Club Dr
- 1829 Cortina Loop SE
- 1832 Chicoma Rd NE
- 933 Northern Blvd NE
- 652 Vancouver Rd SE Unit D
Your Personal Tour Guide
Ask me questions while you tour the home.