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
55-65 Darlene Rd SE, Rio Rancho, NM 87124
2beds
8baths
6,620sqft
Quadruplex, Multi Family
Built in 1980
-- sqft lot
$958,000 Zestimate®
$156/sqft
$-- HOA
What's special
Units are clean
- 50 days
- 112
- 3
Zillow last checked:
Listing updated:
Listed by:
Michael Schlichte 505-318-6264,
Absolute Real Estate 505-681-8578
Source: SWMLS,MLS#: 1107083
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: 6,620
- Total interior livable area: 6,620 sqft
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 0.41 Acres
Details
- Parcel number: 1011069214367
- 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: Casa Del Rio
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $156/sqft
- Annual tax amount: $4,174
- Date on market: 7/10/2026
- Cumulative days on market: 50 days
- Listing terms: Cash,Conventional,FHA,Other,See Remarks,VA Loan
- Total actual rent: 6400
- Tenant pays: Electricity, Gas
Estimated market value
$958,000
$910,000 - $1.01M
$1,403/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $1,030,000$156/sqft |
Source:  SWMLS #1107083 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Solar Village/Mid-Unser
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