20-year old 4-plex in top demand rental area in Southern Rio Rancho near Intel! Two 3 bed / 2 bath 1210 SF downstairs Units. Two 2 bed / 2 bath 950 SF upstairs Units with cathedral ceilings. $5,500 building market rent. Longterm tenants, current building rent $4,940. These modern apartments are in very high demand by tenants, offering tenants all the top amenities, & offering Owner very low vacancy rates All Units offer: laundry closets, outside storage closets, master walk-in closets, & gas fireplaces. Private backyards for 2 downstairs Units, back balconies for 2 upstairs Units. Well maintained property with numerous improvements. Managed by Listing Broker for 14+ years. Maintenance and Performance Records available by request.
Sold on 06/25/25
Price Unknown
1121 Meadowlark Way SE, Rio Rancho, NM 87124
10beds
8baths
4,335sqft
Quadruplex, Multi Family
Built in 2005
-- sqft lot
$676,200 Zestimate®
$--/sqft
$1,848 Estimated rent
Home value
$676,200
$615,000 - $744,000
$1,848/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 26, 2025 at 08:18am
Listed by:
Micah O Boutillier 505-514-8862,
ETB Properties, LLC
Bought with:
Janet McDavid-Fitak, 51176
Full House Real Estate,LLC
Source: SWMLS,MLS#: 1082058
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Central, Forced Air, Hot Water
Cooling
- Refrigerated
Appliances
- Included: Dryer, Dishwasher, Free-Standing Gas Range, Disposal, Microwave, Refrigerator, Range Hood, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Carpet, Vinyl
- Has basement: No
- Has fireplace: Yes
Interior area
- Total structure area: 4,335
- Total interior livable area: 4,335 sqft
Property
Parking
- Total spaces: 7
Accessibility
- Accessibility features: Wheelchair Access
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 0.34 Acres
Details
- Parcel number: R142720
- Zoning description: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 2005
Utilities & green energy
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Community
- Community features: Deck/Porch, Patio, Storage Facilities
Location
- Region: Rio Rancho
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2025 | Sold | -- |
Source:  SWMLS #1082058 | ||
| 6/5/2025 | Pending sale | $700,000$161/sqft |
Source: SWMLS #1082058 | ||
| 6/3/2025 | Listed for sale | $700,000$161/sqft |
Source: SWMLS #1082058 | ||
| 4/19/2025 | Pending sale | $700,000$161/sqft |
Source: SWMLS #1082058 | ||
| 4/15/2025 | Listed for sale | $700,000$161/sqft |
Source: SWMLS #1082058 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Rio Rancho Elementary SchoolGrades: K-5Distance: 0.8 mi
- 7/10Rio Rancho Middle SchoolGrades: 6-8Distance: 3.1 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$676,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$676,200