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About this home
Rare North Valley income-producing opportunity near Los Ranchos! This unique 4-unit property offers an exceptional combination of flexibility, location, and income potential on a spacious approximately 1/2-acre lot. The property features two individual 1-bedroom units plus a duplex consisting of two 2-bedroom units, providing four separate living spaces in total. All units have been updated and are in move-in condition. Three of the four units are nicely furnished, and each unit offers its own private front-yard area along with ample on-site parking. Separate electric meters for each unit provide additional convenience for ownership and management, with water being the only shared utility. Whether you're an experienced investor seeking a versatile income property, an owner-occupant looking to live in one unit while generating rental income from the others, or someone looking for a unique property with potential for furnished or vacation-rental use, this property offers a rare range of possibilities. Set in the highly desirable North Valley near Los Ranchos, this is a special opportunity that is not often available. Come explore the possibilities! Buyer to verify zoning for their use.
Alamedan Valley, located between Alameda Blvd NW and the Rio Grande, is a rural and residential North Valley neighborhood with irrigated fields and cottonwood-lined lanes. The neighborhood’s character concentrates around the 4th Street NW and Alameda Blvd NW corridor, where farm stands, local cafés, and small service shops set a steady, day-to-day rhythm. Los Poblanos Historic Inn & Organic Farm anchors the area’s agrarian identity with lavender fields and a working farm setting. Nearby, the Rio Grande Nature Center State Park adds bosque trails and river overlooks that shape the outdoor routine. Homes range from adobe-style compounds to mid-century ranch houses on larger lots, with acequia ditches tracing the landscape. Evenings feel quieter, with sunset views across the valley and a strong connection to open space.
Provided by Walk Score and Local Logic
Offer insights
321 Wayne Rd NW · $739,000
$736K and above
75% chance or better to win
Why $736K+ is a strong offer
DAYS ON MARKET
48 days
The average home goes pending in 11 days.
SALE-TO-LIST
98.9%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fan(s)
Bedrooms
Two 2-bedroom units and two 1-bedroom units (multiple units on property)
Bathrooms
One bathroom in each unit
Kitchen
Free-standing electric range
Refrigerator
Laundry & utility
Owner pays water
Flooring
Carpet
Heating & cooling
Central heating
Forced air heating
Wall furnace
Evaporative cooling
Ceiling fan(s)
Exterior features
Approximately 0.57 acre lot
Zoned R-1
Lot information from public records
Home design
Single-story buildings
Property consists of 3 buildings with 4 total units
Resale property
Properties originally built in the 1950s–1960s
Construction
Frame and stucco construction
Utilities
Electricity connected
Natural gas connected
Sewer connected
Water connected
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of this zone is to provide for the development of single-family homes on lots not less than 0.75 of an acre in area, except that where community water and sewer facilities are made available, the lot size may be reduced consistent with development densities in the Albuquerque/Bernalillo County Comprehensive Plan. The regulations provide for the health, safety and welfare of the residents.
Permitted uses
Include but are not limited to:
Agriculture
Dairy
Greenhouse / nursery
Livestock production
Housing-Single unit
Library
Museum / gallery
Communications tower
Nov 8, 2017 • Final
Mechanical residential
Work on wall heaters.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Los Ranchos, NM • 87114
Average low and high temperatures (°F)
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 321 Wayne Rd NW
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