Multi-Family 8-Unit
309-313 Geraldine Loop SE Rio Rancho, NM 87124
309-313 Geraldine Loop SE, Rio Rancho, NM, 87124
$1,030,000
For Sale
$1,030,000
MULTI_FAMILY - Rio Rancho, NM
Property Size6,684 SF
Lot Size0.57 Acres
Price / SF$154.10
Days on Market13
Property Features for 309-313 Geraldine Loop SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 2
- Bathrooms
- 8
- Rooms
- Bathroom 3, Bathroom 8, Bathroom 7, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 5, Bedroom 1
- Exterior features
- Lighting
- Appliances
- Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 1011069267181
- Size
- 6,684 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3716
Utilities
- Heating system
- Central, Forced Air
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Carpet
- Building materials
- Frame, Stucco
Listing Agency
Absolute Real Estate
(505) 681-8578
1100 Alameda Blvd. NW, Rio Rancho, NM
Listed by
Michael Schlichte · License #17987
(505) 318-6264
Added: Jul 8 Checked: Jul 20 at 12:06 pm
MLS# 1107082
Listing URL
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio includes two separately parceled 4-plex buildings offered together, providing a total of eight residential units. The property’s mix consists of 2-bedroom, 1-bath apartment homes.
According to the provided remarks, the units are currently occupied by long-standing tenants. The buildings are described as well-maintained and have been cared for.
The offering is identified as 309-313 Geraldine Loop SE, Rio Rancho, NM 87124 in Sandoval County. The lot size is listed at 0.57 acres, and the property size is listed as 6,684 square feet.
According to the provided remarks, the units are currently occupied by long-standing tenants. The buildings are described as well-maintained and have been cared for.
The offering is identified as 309-313 Geraldine Loop SE, Rio Rancho, NM 87124 in Sandoval County. The lot size is listed at 0.57 acres, and the property size is listed as 6,684 square feet.
Key Highlights
- Two separately parceled 4‑plex buildings offered together (8 total units).
- All units are 2‑bedroom, 1‑bath and currently occupied by long‑standing tenants.
- Single‑year‑built construction listed as 1980.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.3k | $16.20 |
| − Vacancy | −$7.4k | −$1.10 |
| EGI | $100.9k | $15.10 |
| − OpEx | −$45.4k | −$6.79 |
| NOI | $55.5k | $8.30 |
6,684 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$792.9K
$693.8K – $925.1K
NOI $55,505 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,885 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two separately parceled 4-plex buildings totaling eight 2-bedroom, 1-bath units are offered for sale together.
Where is this apartment building located?
The property is located at 309-313 Geraldine Loop SE Rio Rancho, NM.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: Two separately parceled 4‑plex buildings offered together (8 total units).; All units are 2‑bedroom, 1‑bath and currently occupied by long‑standing tenants.; Single‑year‑built construction listed as 1980.
