Calling all Investors! Southeast Heights 4 Plex, Situated on a quiet cul-de-sac, now available to add to your portfolio! 3 Fully rented and refurbished, 2 bedroom and 1 bathroom units with either a balcony or yard. 1 vacant unit to be rented out! Assigned parking spaces! Great location close to restaurants, shopping and more!
Sold
Price Unknown
408 Rainbow Ct SE, Rio Rancho, NM 87123
8beds
4baths
3,760sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$--/sqft
$2,030 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,030/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Joseph E Maez 505-515-1719,
The Maez Group
Bought with:
Denis M. Muebake, REC20250532
American Dream Properties
Source: SWMLS,MLS#: 1099252
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Evaporative Cooling, Ceiling Fan(s)
Appliances
- Included: Free-Standing Electric Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Ceiling Fan(s)
- Flooring: Carpet, Tile
- Has fireplace: Yes
Interior area
- Total structure area: 3,760
- Total interior livable area: 3,760 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 8,276 sqft
Details
- Parcel number: 102205626426320412
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Community
- Community features: Deck/Porch
Location
- Region: Rio Rancho
- Subdivision: Singimg Arrow Subd
HOA & financial
Other financial information
- Total actual rent: 3300
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Sold | -- |
Source:  SWMLS #1099252 Report a problem | ||
| 3/7/2026 | Pending sale | $399,900$106/sqft |
Source: SWMLS #1099252 Report a problem | ||
| 3/4/2026 | Listed for sale | $399,900+169.5%$106/sqft |
Source: SWMLS #1099252 Report a problem | ||
| 3/24/2017 | Sold | -- |
Source: SWMLS #883607 Report a problem | ||
| 3/2/2017 | Pending sale | $148,400$39/sqft |
Source: REALHome Services & Solutions, Inc. dba Owners.com #883607 Report a problem | ||
| 2/2/2017 | Listed for sale | $148,400-25.8%$39/sqft |
Source: REALHome Services & Solutions, Inc. dba Owners.com #883607 Report a problem | ||
| 1/2/2013 | Listing removed | $199,999$53/sqft |
Source: Lane Properties of New Mexico LLC #737277 Report a problem | ||
| 6/28/2012 | Listed for sale | $199,999-7%$53/sqft |
Source: Lane Properties of New Mexico LLC #737277 Report a problem | ||
| 11/15/2010 | Listing removed | $215,000$57/sqft |
Source: Consumer Advantage Real Estate Services #687491 Report a problem | ||
| 8/5/2010 | Listed for sale | $215,000$57/sqft |
Source: Sawitonline.com #687491 Report a problem | ||
| 2/2/2001 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,846 +0.1% | $114,688 |
| 2024 | $4,839 +26.8% | $114,688 +28.5% |
| 2023 | $3,815 +3.5% | $89,266 +3% |
| 2022 | $3,686 +3.5% | $86,666 +3% |
| 2021 | $3,562 +1.7% | $84,142 +3% |
| 2020 | $3,504 | $81,691 -1% |
| 2019 | -- | $82,491 |
| 2018 | $2,596 -11.2% | $82,491 +20.2% |
| 2017 | $2,923 +13.9% | $68,626 +13.8% |
| 2016 | $2,567 -95.8% | $60,327 -0.9% |
| 2015 | $60,860 +2255% | $60,860 |
| 2014 | $2,584 | $60,860 -22% |
| 2013 | $2,584 | $78,012 |
| 2012 | -- | $78,012 |
| 2011 | -- | $78,012 |
| 2010 | -- | $78,012 +3% |
| 2009 | -- | $75,740 +3% |
| 2008 | -- | $73,534 +3% |
| 2007 | -- | $71,393 +31.5% |
| 2006 | -- | $54,294 |
| 2005 | -- | $54,294 |
| 2004 | -- | $54,294 |
| 2003 | -- | $54,294 +1% |
| 2002 | -- | $53,761 |
| 2001 | -- | $53,761 +41.5% |
| 2000 | -- | $37,996 |
Find assessor info on the county website
Neighborhood: Singing Arrow
Nearby schools
GreatSchools rating
- 4/10Apache Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 3.4 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 4.8 mi
- New Mexico
- Bernalillo County
- Albuquerque
- 87123
- Singing Arrow
- 408 Rainbow Ct SE