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.
Solar Village-Mid-Unser, located between Unser Blvd NW and Southern Blvd SE, is a residential and suburban Rio Rancho neighborhood with wide desert skies and a grid of broad arterials. The neighborhood’s character concentrates around the Unser Blvd NW and Southern Blvd SE crossroads, where big-box retail pads, drive-thrus, and service storefronts set a practical, on-the-go rhythm. Stucco homes and low-slung commercial buildings match the high-desert palette, with long sightlines toward the Sandias. Intel Corporation’s Rio Rancho campus anchors the area’s workday pulse. Rio Rancho Events Center and Santa Ana Star Center add a steady calendar of concerts and sports. Nearby trails and open space keep the landscape close at hand.
Provided by Walk Score and Local Logic
Market insights
309-313 Geraldine Loop SE · $1,030,000
LIST PRICE
$1,030,000
Median list price in this area is $1,030,000. (0% higher than this home)
Property details
Interior
Exterior
Finance
Interior features
Carpet flooring
Bedrooms
Two-bedroom units (unit type)
Bathrooms
Units with one bathroom each (unit type total 8 bathrooms across property)
Kitchen
Dishwasher
Refrigerator
Laundry & utility
Owner pays sewer, water, and trash collection; tenants pay electricity and gas
Flooring
Carpet
Heating & cooling
Central heating
Forced air heating
Evaporative cooling
Exterior features
Exterior lighting
Lot approximately 0.57 acres
Zoned R-3
Home design
Multi-unit property with 2 buildings
Two-story buildings
Resale property
Parking
Parking details not specified
Security
No specific security features listed
Construction
Frame and stucco construction
Year built per assessor
Utilities
Electricity connected
Natural gas connected
Sewer connected
Financial info
Total of 8 units
Total rent reported $6,400 per month
Gross annual income reported $76,800
Operating expenses reported $22,478
Typical unit rent for the 2-bedroom unit type $800 (actual)
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 309-313 Geraldine Loop SE
Sale History
Tax History
Date
Event
Price
Southwest MLS #1107082
Jul 8, 2026
Listed
$1,030,000
$154/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,798 (−3.2%)
$7,916 + $43,613
$51,529
2024
$1,857 (−0.3%)
$7,916 + $43,613
$51,529
2023
$1,864 (+1.9%)
$7,916 + $43,613
$51,529
2022
$1,829 (−1.0%)
$7,804 + $42,225
$50,029
2021
$1,847 (+1.8%)
$7,804 + $42,225
$50,029
2020
$1,815 (−0.7%)
$7,804 + $42,225
$50,029
2019
$1,827 (+9.5%)
$7,178 + $41,394
$48,572
2018
$1,668 (+4.3%)
$7,178 + $41,394
$48,572
2017
$1,599 (−8.0%)
$6,355 + $39,429
$45,784
2016
$1,739 (+2.1%)
$6,355 + $39,429
$45,784
2015
$1,704 (+1.4%)
$5,882 + $38,568
$44,450
2014
$1,681
$5,882 + $38,568
$44,450
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,360
Year built
1980
Style
Multi-Family (2-4 Unit)
County
Sandoval County
APN
R123943
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R-3
Mixed Residential District
This district permits a moderate density of population in which the principal use is single-family attached or detached townhome or patio home dwelling units or for small-scale multi-family units.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Infrastructure
Park & open space
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
4/10 Heat Factor
7 days above 95° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Rio Rancho, NM • 87124
Average low and high temperatures (°F)
48
25
61
33
69
40
72
45
79
52
91
63
91
65
92
66
84
58
75
50
59
34
56
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 309-313 Geraldine Loop SE
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