$569,000

Estimated payment $3,471/month

Total Views 93
2 Beds
1 Bath
3,310 Sq Ft
$172 Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Forced Air Heating System
  • Lincoln Middle School Rated A-

About This Home

Rare opportunity to own one of the few four-plex properties currently available in Rio Rancho. This well-maintained multifamily asset features four spacious 2-bedroom, 1-bath units, each with in-unit washer and dryer hookups. Every unit includes one covered parking space plus additional uncovered overflow parking. Ground-floor units offer large private fenced yards, while upper units feature balconies to enjoy the views and New Mexico weather. Recent improvements include a newer TPO roof, fresh exterior paint within the last year, and various general repairs and updates reflecting pride of ownership. Limited local inventory and strong rental demand make this an excellent investment opportunity. Bring your investors. Four-plexes like this are hard to find. offering a solid 6% CAP

Listing Agent

Venturi Realty Group

Real Broker, LLC Listed on: 02/06/2026

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,128

Year Built

  • Built in 1980

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,310 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 3,310 Sq Ft Building
  • Casa Del Rio Subdivision

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 1011069199375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,128

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Haynes Community Center and Park, 2006 Grande Blvd SE, Rio Rancho, NM 87124 to 75 Darlene Rd SE, Rio Rancho, NM 87124
  • Year Built: 1980
  • Lot Size Acres: 0.14
  • Subdivision Name: Casa Del Rio
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Free-Standing Gas Range, Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Total Bedrooms: 2
  • Living Area: 3310.0
  • Stories: 2

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry Features: Washer Hookup, Dryer Hookup, In Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 6098.0
  • Parcel #: 1011069199375
  • Zoning Description: R-3

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 6127.6

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $1,803 $170,022 $10,382 $159,640
2024 $1,828 $50,025 $6,146 $43,879
2023 $1,828 $50,025 $6,146 $43,879
2022 $1,775 $48,568 $6,992 $41,576
2021 $1,815 $48,568 $6,992 $41,576
2020 $1,762 $47,154 $0 $0
2019 $1,774 $47,154 $0 $0
2018 $1,620 $45,781 $0 $0
2017 $1,553 $44,448 $0 $0
2016 $1,689 $43,153 $0 $0
2014 $1,632 $52,954 $0 $0
2013 -- $52,954 $5,545 $47,409
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2026 02/06/26 For Sale $569,000 +3.3% $172 / Sq Ft
07/11/2024 07/11/24 Sold -- -- -- View Prior Sale
06/11/2024 06/11/24 Pending -- -- --
05/31/2024 05/31/24 Price Changed $551,000 +0.2% $172 / Sq Ft
04/14/2024 04/14/24 For Sale $550,000 -- $172 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $397,500 New Conventional
Source: Public Records

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1097963

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-011-069-199-375