NOT LISTED FOR SALE

316 Rhode Island St NE Albuquerque, NM 87108

Fairgrounds Neighborhood

Estimated Value: $250,000

2 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: August 25, 2025

Highlights

  • Evaporated cooling system
  • Wall Furnace
  • Property has 1 Level
  • Tile Flooring

About This Home

As of August 2025

rks: Income producing triplex! This fully rented triplex features three spacious 2-bedroom, 1-bath units, each offering a comfortable living area and an eat-in kitchen equipped with a gas stove, refrigerator, and washer/dryer. Tenants enjoy a well-designed layout with ample natural light and functional space. The property includes a beautifully maintained grassy courtyard. Conveniently located near amenities, shopping, and transportation, this income-generating property is an excellent addition to any portfolio!

Last Agent to Sell the Property

Robert Faithe

Keller Williams Realty Listed on: 07/23/2025

Keller Williams Realty

Last Buyer's Agent

Topazio Barron

Realty One of New Mexico License #REC20220425

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,610

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Triplex
  • Frame Construction

Interior Spaces

  • Property has 1 Level
  • Free-Standing Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Evaporated cooling system
  • Wall Furnace

Community Details

  • 3 Units
  • Complex Is Fenced

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 101905732522941830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,610

Year Built

Built in 1959

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: rections: Wyoming and Copper, west on Copper, south on Rhode Island to property.
  • Year Built: 1959
  • Lot Size Acres: 0.14
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Free-Standing Gas Range
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Wall Furnace
  • Utilities: Water Connected
  • Security: Complex Fenced
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Parcel #: 101905732522941830
  • Zoning Description: R-1A*

Rental Info

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

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2610.04

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2025
Closed on
Aug 21, 2025
Sold by
Bought by
Seller's Agent
Robert Faithe
Keller Williams Realty
Buyer's Agent
Topazio Barron
Realty One of New Mexico
List Price
$250,000

Purchase Details

Closed on
Apr 1, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
0.0305%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2016
Closed on
Nov 10, 2016
Sold by
Bought by
Seller's Agent
Kavan Salas
Realty One of New Mexico
Buyer's Agent
Sol Mirabal
Realty One of New Mexico
List Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Interest Rate
0.0347%
Mortgage Type
FHA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$230,000 None Listed On Document
-- Old Republic Title
$190,000 None Available
-- Fidelity Natl Title Ins Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $220,000
Closed $181,649
Closed $21,935
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 Prior Sale
08/25/2025 08/25/25 Sold -- -- --
07/23/2025 07/23/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $250,000 +42.9% --
11/11/2016 11/11/16 Sold -- -- -- View Prior Sale
09/26/2016 09/26/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $175,000 -- $73 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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 $2,692 $63,718 $9,016 $54,702
2024 $2,610 $61,862 $8,754 $53,108
2023 $2,567 $60,061 $8,499 $51,562
2022 $2,555 $60,061 $8,499 $51,562
2021 $2,420 $57,159 $8,499 $48,660
2020 $2,452 $57,159 $8,499 $48,660
2019 $2,451 $57,159 $8,499 $48,660
2018 $2,364 $57,159 $8,499 $48,660
2017 $2,360 $55,494 $8,499 $46,995
2016 $941 $28,116 $8,754 $19,362
2015 $27,297 $27,297 $8,499 $18,798
2014 $920 $27,664 $8,499 $19,165
2013 -- $38,996 $8,499 $30,497
Source: Public Records

Agents Affiliated with this Home

  • Robert Faithe

    Seller's Agent in 2025

    Robert Faithe

    Keller Williams Realty

    (505) 401-0721

    9 in this area

    397 Total Sales

    Robert Faithe
    Section Image

  • T

    Buyer's Agent in 2025

    Topazio Barron

    Realty One of New Mexico

    (505) 359-9150

    2 in this area

    42 Total Sales

    Topazio Barron
    Section Image

  • K

    Seller's Agent in 2016

    Kavan Salas

    Realty One of New Mexico

  • S

    Seller Co-Listing Agent in 2016

    Sol Mirabal

    Realty One of New Mexico

See All Agents

Map

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

MLS Number: 1088331

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-057-325-229-4-18-30

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

316 Rhode Island St NE, Albuquerque, NM

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.

Southwest MLS (Greater Albuquerque Association of REALTORS®) 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.

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