Residential Lot with Utilities
For Sale
$85,000
408 5th Street NE, Rio Rancho, NM 87124
LAND - Rio Rancho, NM
Property SizeContact for details
Lot Size0.50 Acres
Days on Market73
Property Features for 408 5th Street NE
General Information
Property type
Land
Property subtype
Other
Zoning description
R-1
Subdivision
Rio Rancho Estates
Lot features
Views
Directions
From Southern Blvd go north on Unser, West on Abrazo. South on 10th St. West on 5th Ave and go right on 5th Street to property on east side
Standard status
Active
APN
1010070013185
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
487
Utilities
Sewer type
Septic Tank
Water source
Public
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 898-2700
Listed By:
Silvia Holman · License #39340
(505) 401-3251
Added: Jun 2
Changed: Aug 1
Last Checked: Aug 13 at 5:06AM
MLS# 1106056
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 offering is a residential land lot in Rio Rancho, NM. The property includes a septic system already in place, which can simplify site readiness for a future home build. Electricity is described as being in the property line, and water is available in the street.
The lot measures approximately half an acre. The surrounding area is characterized by custom homes on adjacent properties and across the street, suggesting an established residential setting.
For buyers looking to construct a single-family residence, the existing septic and the availability of electric and water are practical site-start considerations. Prospective owners can review the utility connections and build requirements with the appropriate local authorities and contractors as part of final planning for a new home project.
The lot measures approximately half an acre. The surrounding area is characterized by custom homes on adjacent properties and across the street, suggesting an established residential setting.
For buyers looking to construct a single-family residence, the existing septic and the availability of electric and water are practical site-start considerations. Prospective owners can review the utility connections and build requirements with the appropriate local authorities and contractors as part of final planning for a new home project.
Key Highlights
- Utilities available: electricity at the property line and water in the street
- Water source: public
- Sewer: septic tank (septic system already in place)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 87124, NM
59,781
Population
23,027
Households
2.6
Avg Household Size
40
Median Age
33%
College-Educated
94%
High-School Grad
77.9 sq mi
ZIP Area
767
Density / Sq Mi
$82,278
Median Household Income
$43,353
Median Earnings
$1,380
Median Rent
$262,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Build-ready residential lot with an in-place septic system and utilities available at the site.
Where is this residential land & home lot located?
The property is located at 408 5th Street NE Rio Rancho, NM.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Utilities available: electricity at the property line and water in the street; Water source: public; Sewer: septic tank (septic system already in place)
