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
$2,614 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,614/mo
Zestimate® history
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List your homeWhat's special
Quiet cul-de-sacAssigned parking spaces
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 Square Feet
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 & HOA
Community
- Features: Deck/Porch
- Subdivision: Singimg Arrow Subd
Location
- Region: Rio Rancho
Financial & listing details
- Tax assessed value: $344,100
- Annual tax amount: $7,555
- Date on market: 3/4/2026
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3300
- Tenant pays: Electricity, Gas, Trash Collection
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
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Nearby schools
GreatSchools rating
- 4/10Apache Elementary SchoolGrades: PK-5Distance: 1 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
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