Two-Building Quadplex
For Sale
$1,030,000
309-313 Geraldine Loop, Rio Rancho, NM 87124
Occupied two-bedroom rentals with one bath per unit and established tenancy.
Property Size6,684 SF
Price / SF$154.10
Days on Market168
Property Features for 309-313 Geraldine Loop
General Information
Standard status
Active
Size
6,684 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
minimal deferred maintenance
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Building Details
Year Built
1980
Buildings
2
Listing Agency:
Absolute Real Estate
Listed By:
Michael Schlichte · License #17987
(505) 318-6264
Source:
Myabqhomesearch
Added: May 1
Changed: Oct 1
Last Checked: Oct 14 at 11:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Absolute Real Estate
Investment Insights
Based on property information with market context.
This multifamily offering includes two separately parceled quadplex buildings sold together at 309-313 Geraldine Loop in Rio Rancho. The property contains eight units, with each residence configured as a two-bedroom, one-bath apartment. The buildings provide a combined 6,684 square feet and were constructed in 1980.
All units are currently occupied by long-standing tenants. The residences are described as clean, functional, and well maintained, with limited deferred maintenance noted. This asset provides a consolidated acquisition of two four-unit buildings rather than a single structure, with the parcels included together in the sale.
All units are currently occupied by long-standing tenants. The residences are described as clean, functional, and well maintained, with limited deferred maintenance noted. This asset provides a consolidated acquisition of two four-unit buildings rather than a single structure, with the parcels included together in the sale.
Key Highlights
- Two separately parceled 4‑plex buildings offered together
- Eight 2‑bedroom, 1‑bath units
- Combined property size of 6684 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,725
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,194,500
$1.2M
Cap Rate 7%
$853,214
$853.2K
Cap Rate 9%
$663,611
$663.6K
Market Conditions
NOI Build-Up for 6,684 SF
Gross rent
$92.2K $13.80/SF
− Vacancy
−$6.9K −$1.04/SF
EGI
$85.3K $12.77/SF
− OpEx
−$25.6K −$3.83/SF
NOI
$59.7K $8.94/SF
Area
Rio Rancho, NM
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,194,500
Cap Rate 7%
$853,214
Cap Rate 9%
$663,611
Alternative Uses
Best Use
Multifamily LT 5
$853.2K
$746.6K – $995.4K
NOI $59,725 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$792.9K
$693.8K – $925.1K
NOI $55,505 @ 7.0% cap · market cap 5.39%
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
295
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Occupied two-bedroom rentals with one bath per unit and established tenancy.
Where is this quadplex located?
The property is located at 309-313 Geraldine Loop 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; Eight 2‑bedroom, 1‑bath units; Combined property size of 6684 square feet
