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
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
Property details
Interior
Virtual Tour
Laundry Information
Features: Washer Hookup, Dryer Hookup, In Unit
Equipment
Appliances: Dishwasher, Free-Standing Gas Range, Refrigerator
Interior Features
Flooring: Carpet, Tile
Multi Unit Information
# Of Units Total: 4
# Of Buildings: 1
Multi Unit Financial Information
Total Rent: $4,470
Unit Type 1
# of Bedrooms: 2
# of Bathrooms Total: 1
Total Rent: $1,145
Actual Rent: $1,145
Unit Type 2
# of Bedrooms: 2
# of Bathrooms Total: 1
Total Rent: $1,090
Actual Rent: $1,090
Unit Type 3
# of Bedrooms: 2
# of Bathrooms Total: 1
Total Rent: $1,090
Actual Rent: $1,090
Unit Type 4
# of Bedrooms: 2
# of Bathrooms Total: 1
Total Rent: $1,145
Actual Rent: $1,145
Exterior
Building Information
Stories: 2
Stories (Total): 2
Builder Name: Unknown
Green Features
Green Energy Generation: None
Lot Information
Lot Size Acres: 0.14
Lot Dimensions Source: Public Records
Lot Size Source: Public Records
Zoning Description: R-3
Property Information
Resale
Financial
Tax Information
Annual Tax Amount: $6,127.60
Rental Information
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Electricity, Gas
Utilities
Utility Information
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heating & Cooling
Has Cooling
Cooling: Evaporative Cooling
Has Heating
Heating: Central, Forced Air
Location
Community Information
Community Features: Deck/Porch
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,310
Stories: —
Lot Size: 6,229 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1980
Year Renovated: —
County: Sandoval County
APN: R046176
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Maggie Cordova Elementary School
Public K-5 • Assigned • 1.6mi
7/10
Lincoln Middle School
Public 6-8 • Assigned • 1.0mi
6/10
Rio Rancho High School
Public 9-12 • Assigned • 2.0mi
7/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being 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
In this area, properties receive around 11.8 hours in
June and 7.1 hours in December, placing it above the
U.S. average for solar exposure.