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    Three-Unit Residential Income Property Title is generated by Realmo AI

    319 Rio Grande Boulevard NW, Albuquerque, NM 87104

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    For Sale
    $615,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    1,518 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $405/SF
    Added:
    Sep 4, 2025
    Days on Market:
    297
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 319 Rio Grande Boulevard NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    101305808535921220
    Size
    1,518 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3088

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    3

    We can help!

    Contact an agent
    Amber Fosse

    Listing agent Amber Fosse License #48673

    Listing office Absolute Real Estate 1100 Alameda Blvd. NW, Rio Rancho, NM

    Listing date Sep 4, 2025

    MLS# 1099350 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.

    HighLights

    • Two side‑by‑side multi‑unit/multi‑building properties in Old Town; also listed next door as 315 Rio Grande NW
    • 1950‑built 2‑bedroom/1‑bath house plus a separate duplex building toward the back of the lot
    • Duplex includes two 1‑bedroom/1‑bath apartments
    • Off‑street parking for all tenants
    • Almost a quarter‑acre lot and steps to Old Town Plaza
    • Appliance included: refrigerator

    Overview

    This offering is a three-unit residential income property on a roughly quarter-acre lot. The front portion includes a 2-bedroom, 1-bath house, and there is also a separate duplex building toward the back of the lot containing two 1-bedroom, 1-bath apartments. The total building area is listed at 1,518 square feet. The arrangement is side-by-side across multiple structures, with dedicated off-street parking for all tenants.

    The property is located just steps to Old Town Plaza. It is also described as being close to I-25, the Rio Grande River, and downtown, which may support tenants seeking convenient access to established areas of Albuquerque.

    With three independent residential units across a house and a duplex, this configuration can appeal to buyers looking for an owner-occupied setup with rental income, or for an operator evaluating a multi-unit rehab approach. The listing also notes the possibility of redevelopment or extensive rehabilitation, including use considerations for short-term rentals such as AirBnB. Prospective buyers should confirm current condition, tenancy status, and allowable uses with appropriate local authorities before making plans for renovations or conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.671775
    Latitude
    35.097162

    FAQs

    What type of property is this?
    Triplex - Three separate residences with off-street parking offer flexible living or rental configurations near Old Town.
    Where is this triplex located?
    The property is located at 319 Rio Grande Boulevard NW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: Two side‑by‑side multi‑unit/multi‑building properties in Old Town; also listed next door as 315 Rio Grande NW; 1950‑built 2‑bedroom/1‑bath house plus a separate duplex building toward the back of the lot; Duplex includes two 1‑bedroom/1‑bath apartments
    More about this property
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