Residential Lot with Paved Road
For Sale
$65,000
618 Rainbow Boulevard NE, Rio Rancho, NM 87124
LAND - Rio Rancho, NM
Property SizeContact for details
Lot Size0.50 Acres
Days on Market119
Property Features for 618 Rainbow Boulevard NE
General Information
Property type
Land
Property subtype
Other
Zoning description
R-1
Subdivision
Rio Rancho Estates
Lot features
Cleared
Directions
Take Southern Blvd in Rio Rancho all the way down to Rainbow Blvd and take a right, go up Rainbow about a mile and the land lot is on the right hand side directly across the street from the 7th ave and Rainbow street sign. Use listing address and the GPS map will take you directly to location.
Standard status
Active
APN
1009070240305
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
258
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 292-8900
Listed By:
Amber Rosado · License #REC20240800
(505) 718-5101
Added: Apr 17
Changed: Jun 9
Last Checked: Aug 13 at 1:06AM
MLS# 1102152
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 totaling approximately half an acre. The property is presented as vacant land suitable for building, and the seller indicates willingness to sell adjacent land separately or together for greater flexibility.
The lot is located at 618 Rainbow Boulevard NE in Rio Rancho, New Mexico. Public remarks note easy access from a paved road, with shopping, dining, and entertainment described as minutes away.
For buyers seeking a place to build, the lot provides a straightforward residential building site. Investors may also consider it as a standalone parcel or, if they want additional land area, the seller’s adjacent lot is available for purchase either individually or combined.
The lot is located at 618 Rainbow Boulevard NE in Rio Rancho, New Mexico. Public remarks note easy access from a paved road, with shopping, dining, and entertainment described as minutes away.
For buyers seeking a place to build, the lot provides a straightforward residential building site. Investors may also consider it as a standalone parcel or, if they want additional land area, the seller’s adjacent lot is available for purchase either individually or combined.
Key Highlights
- Half‑acre lot in a rapidly growing, desirable area.
- Excellent opportunity for building a dream home or investment.
- Conveniently located minutes from shopping, dining, and entertainment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
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 - Half-acre residential lot in Rio Rancho with paved road access and flexibility to buy alongside an adjacent parcel.
Where is this residential land & home lot located?
The property is located at 618 Rainbow Boulevard NE Rio Rancho, NM.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Half‑acre lot in a rapidly growing, desirable area.; Excellent opportunity for building a dream home or investment.; Conveniently located minutes from shopping, dining, and entertainment.
