Two-Plex 8-Unit Apartment
55-65 Darlene Road SE Rio Rancho, NM 87124
55-65 Darlene Road SE, Rio Rancho, NM, 87124
$1,030,000
For Sale
$1,030,000
MULTI_FAMILY - Rio Rancho, NM
Property Size6,620 SF
Lot Size0.41 Acres
Price / SF$155.59
Days on Market13
Property Features for 55-65 Darlene Road SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 2
- Bathrooms
- 8
- Rooms
- Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 8, Bathroom 1
- Exterior features
- Lighting
- Appliances
- Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 1011069214367
- Size
- 6,620 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4174
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# 1107083
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. In total, the property comprises eight 2-bedroom, 1-bath units. The buildings are described as well-maintained and currently occupied by long-standing tenants.
The property is located at 55-65 Darlene Road SE in Rio Rancho, New Mexico, in Sandoval County.
With eight occupied units across the two buildings, the asset is set up to provide immediate rental occupancy as presented in the listing materials.
The property is located at 55-65 Darlene Road SE in Rio Rancho, New Mexico, in Sandoval County.
With eight occupied units across the two buildings, the asset is set up to provide immediate rental occupancy as presented in the listing materials.
Key Highlights
- Two separately parceled 4‑plex buildings offered together (8 total units).
- Eight 2‑bedroom, 1‑bath units; all currently occupied by long‑standing tenants.
- Central forced‑air heating and central heating system.
Local Financial Insights For Multifamily LT 5
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 | $91.4k | $13.80 |
| − Vacancy | −$6.9k | −$1.04 |
| EGI | $84.5k | $12.77 |
| − OpEx | −$25.4k | −$3.83 |
| NOI | $59.2k | $8.94 |
6,620 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$845.0K
$739.4K – $985.9K
NOI $59,153 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$785.3K
$687.2K – $916.2K
NOI $54,973 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,775 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - For sale: two separately parceled 4-plex buildings totaling eight 2-bedroom, 1-bath units.
Where is this quadplex located?
The property is located at 55-65 Darlene Road 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).; Eight 2‑bedroom, 1‑bath units; all currently occupied by long‑standing tenants.; Central forced‑air heating and central heating system.
