75 Darlene Rd SE Rio Rancho, NM 87124
Solar Village-Mid-Unser NeighborhoodEstimated payment $3,444/month
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
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
- 8 Bedrooms
- 4 Bathrooms
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
- Tenant pays for electricity, gas
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 1011069199375
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/16/2026 03/16/26 | Pending | -- | -- | -- | |
| 03/12/2026 03/12/26 | Price Changed | $549,000 | -1.8% | $166 / Sq Ft | |
| 02/21/2026 02/21/26 | Price Changed | $559,000 | -1.8% | $169 / Sq Ft | |
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $397,500 | New Conventional |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1097963
APN: 1-011-069-199-375
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Ask me questions while you tour the home.