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309-313 Geraldine Loop SE
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309-313 Geraldine Loop SE
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309-313 Geraldine Loop SE

Rio Rancho, NM 87124

$1,030,000
2 bd • 8 ba • 6,684 sqft • 0.57 acres
2 Story
Stories
$154
Per SQFT
1980
Year Built
07/10/2026
Listing Date
1107082
Listing #
87124
Zip Code

About This Property

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.

Interior

Bathrooms Total: 8
Appliances: Dishwasher, Refrigerator
Flooring: Carpet

Building And Construction

Property Type: Residential Income
Property Sub Type: Quadruplex
Property Sub Type Additional: Quadruplex
Building Area Total: 6,684 sqft
Year Built: 1980
Construction Materials: Frame, Stucco
Levels: Two
Number Of Units Total: 8
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.57
Lot Size Square Feet: 24,829 sqft
Exterior Features: Lighting

Provisional

MLS #: 1107082
Gross Income: 76800
Listing Terms: Cash, Conventional, FHA, Other, See Remarks, VA Loan
Number Of Buildings: 2
Operating Expense: 22478
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Electricity, Gas
Total Actual Rent: 6400

Area And Schools

City: Rio Rancho
Postal Code: 87124
MLS Area Major: Rio Rancho MiD
Subdivision: Star Heights 2
County: Sandoval
Parcel Number: 1011069267181

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Heating (Y/N): Yes

Location

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Directions: From unser and 5th head West on 5th, Right on 18th St. Left on Geraldine.

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Listing courtesy of Absolute Real Estate
Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550