309-313 Geraldine Loop SE Rio Rancho, NM 87124
MULTI_FAMILY - Rio Rancho, NM
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 12:06 am
Property Features for 309-313 Geraldine Loop SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 8
- Rooms
- Bathroom 5, Bathroom 8, Bathroom 2, Bathroom 6, Bathroom 3, Bedroom 2, Bathroom 7, Bathroom 4, Bathroom 1, Bedroom 1
- Exterior features
- Lighting
- Appliances
- Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 1011069267181
- Size
- 6,684 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3716
Utilities
- Heating system
- Forced Air, Central
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Carpet
- Building materials
- Frame, Stucco
Listing agent Michael Schlichte License #17987 (505) 318-6264
Listing office Absolute Real Estate 1100 Alameda Blvd. NW, Rio Rancho, NM (505) 681-8578
Listing date Jul 8, 2026
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.
According to the provided remarks, the units are currently occupied by long-standing tenants. The buildings are described as well-maintained and have been cared for.
The offering is identified as 309-313 Geraldine Loop SE, Rio Rancho, NM 87124 in Sandoval County. The lot size is listed at 0.57 acres, and the property size is listed as 6,684 square feet.
Key Highlights
- Two separately parceled 4‑plex buildings offered together for a total of 8 residential units
- All units are 2‑bedroom, 1‑bath layouts
- Units are currently occupied by long‑standing tenants
Local Financial Insights For Apartment 5plus
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 | $108.3k | $16.20 |
| − Vacancy | −$7.4k | −$1.10 |
| EGI | $100.9k | $15.10 |
| − OpEx | −$45.4k | −$6.79 |
| NOI | $55.5k | $8.30 |
