315 Rio Grande Boulevard NW, Albuquerque, NM 87104
MULTI_FAMILY - Albuquerque, NM
- Added:
- Feb 16, 2026
- Days on Market:
- 130
- Last Refresh:
- Jun 26 at 11:06 pm
Property Features for 315 Rio Grande Boulevard NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 2
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101305807835421219
- Size
- 3,495 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8715
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 5
- Flooring type
- Concrete
- Building materials
- Block, Frame, Stucco
Listing agent Amber Fosse License #48673 (505) 264-5455
Listing office Absolute Real Estate 1100 Alameda Blvd. NW, Rio Rancho, NM (505) 681-8578
Listing date Feb 16, 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.
HighLights
- 1930‑built property with block, frame, and stucco construction and concrete flooring
- Rio Grande Blvd‑facing commercial storefront building with a private exterior entry 2nd‑floor studio apt.
- Separate duplex building with one 2‑bed/1‑bath unit and one studio/1‑bath unit.
- Private 2‑bed/1‑bath casita at the back of the lot.
- Almost a quarter‑acre lot in Old Town, with proximity to Old Town Plaza.
Overview
The property is described as being just steps to Old Town Plaza. It is also noted as being close to I-25 and the Rio Grande River, with downtown access nearby. The listing indicates a nearby side-by-side opportunity at 319 Rio Grande NW.
The combination of street-facing retail space and multiple independent residential units may suit buyers looking for a flexible mixed-use layout with separate living options on one parcel. The existing configuration also provides a practical foundation for different operational approaches, including residential use or redevelopment plans, subject to applicable approvals. Do not enter the property or disturb tenants, as occupied units are present.
Local Financial Insights For Retail
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 | $77.6k | $22.20 |
| − Vacancy | −$5.8k | −$1.67 |
| EGI | $71.8k | $20.54 |
| − OpEx | −$21.5k | −$6.16 |
| NOI | $50.2k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.672104
- Latitude
- 35.097055
