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.
For sale
$1,030,000
309-313 Geraldine Loop SE, Rio Rancho, NM 87124
2beds
8baths
6,684sqft
Quadruplex, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$154/sqft
$-- HOA
What's special
- 1 day |
- 41 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Michael Schlichte 505-318-6264,
Absolute Real Estate 505-681-8578
Source: SWMLS,MLS#: 1107082
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 8
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Refrigerator
Features
- Flooring: Carpet
Interior area
- Total structure area: 6,684
- Total interior livable area: 6,684 sqft
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 0.57 Acres
Details
- Parcel number: 1011069267181
- Zoning description: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1980
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Star Heights 2
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $154/sqft
- Annual tax amount: $3,716
- Date on market: 7/10/2026
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional,FHA,Other,See Remarks,VA Loan
- Total actual rent: 6400
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $1,030,000$154/sqft |
Source:  SWMLS #1107082 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Solar Village/Mid-Unser
Nearby schools
GreatSchools rating
- 7/10Maggie Cordova Elementary SchoolGrades: K-5Distance: 1.1 mi
- 6/10Lincoln Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 2 mi
- $383,100-- bd-- ba3.3k sqft309 Geraldine Loop SE, Rio Rancho, NM 87124Off Market
- $--2 bd1 ba850 sqft305 Geraldine Loop SE #ABC, Rio Rancho, NM 87124Off Market
- $428,7002 bd1 ba850 sqft305 Geraldine Loop SE, Rio Rancho, NM 87124Off Market
- $--2 bd1 ba-- sqft305 Geraldine Loop SE #A-B, Rio Rancho, NM 87124Off Market
- $--2 bd1 ba950 sqft305 Geraldine Loop SE APT B, Rio Rancho, NM 87124Off Market
- $--2 bd1 ba950 sqft305 Geraldine Loop SE APT C, Rio Rancho, NM 87124Off Market
- $307,2002 bd1 ba650 sqft305 Geraldine Loop SE APT A, Rio Rancho, NM 87124Off Market
- $381,700-- bd-- ba3.3k sqft313 Geraldine Loop SE, Rio Rancho, NM 87124Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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- New Mexico
- Sandoval County
- Rio Rancho
- 87124
- Solar Village/Mid-Unser
- 309-313 Geraldine Loop SE
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