Residential Income
321 Wayne Road NW Los Ranchos, NM 87114
321 Wayne Road NW, Los Ranchos, NM, 87114
$749,000
For Sale
$749,000
MULTI_FAMILY - Los Ranchos, NM
Property Size3,000 SF
Lot Size0.57 Acres
Price / SF$249.67
Days on Market20
Property Features for 321 Wayne Road NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2
- Interior features
- CeilingFans
- Appliances
- FreeStandingElectricRange, Refrigerator
- Standard status
- Active
- APN
- 101506426303440303
- Size
- 3,000 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8380
Utilities
- Heating system
- Central, Forced Air
- Cooling system
- Ceiling Fan(s), Varies by Unit
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet
- Building materials
- Frame, Stucco
Listing agency
Berkshire Hathaway NM Prop
(505) 798-6300
Listed by
Steve L Soto · License #29767
(505) 263-4624
Added: Jul 3 Updated: Jul 22 at 2:09PM Checked: Jul 22 at 4:06PM
MLS# 1107684
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.
For sale: a residential income quadplex in Los Ranchos, NM, listed as a multi-family property. The offering is situated on a 0.57-acre lot and includes approximately 3,000 square feet of building area, providing a straightforward income-focused residential configuration.
The property is located at 321 Wayne Road NW in Los Ranchos, within Bernalillo County, NM 87114.
The property is located at 321 Wayne Road NW in Los Ranchos, within Bernalillo County, NM 87114.
Key Highlights
- 6‑bedroom layout with 4 bathrooms
- Year built: 1960
- Central forced‑air 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 | $37.8k | $12.60 |
| − Vacancy | −$2.1k | −$0.69 |
| EGI | $35.7k | $11.91 |
| − OpEx | −$10.7k | −$3.57 |
| NOI | $25.0k | $8.33 |
3,000 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$327.0K
$286.2K – $381.6K
NOI $22,893 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$620.3K
$542.8K – $723.7K
NOI $43,423 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Quadplex for sale in Los Ranchos, NM, offering a residential income configuration on a 0.57-acre lot.
Where is this quadplex located?
The property is located at 321 Wayne Road NW Los Ranchos, NM.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 6‑bedroom layout with 4 bathrooms; Year built: 1960; Central forced‑air heating system
