New Construction
396 Pecos Loop, Rio Rancho, NM 87124
For Sale
$579,990
Pending
Two-unit property with modern finishes, private outdoor areas, dedicated parking, and a two-car garage.
Property Size1,951 SF
Days on Market123
Property Features for 396 Pecos Loop
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Realty One of New Mexico
Listed By:
Brian Leigh Earnest · License NM REC20230477
(505) 934-1756
Source:
Myabqhomesearch
Added: Jul 11
Changed: Nov 1
Last Checked: Nov 10 at 12:06PM
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 Realty One of New Mexico
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Investment Insights
Based on property information with market context.
Completed in 2024, this duplex includes a primary residence and a separate accessory dwelling unit with contemporary interior finishes. The main home offers three bedrooms, three baths, stainless steel kitchen appliances, granite countertops, a two-car garage, and a private yard. The second unit provides two bedrooms, one bath, a full kitchen with stainless appliances, granite countertops, in-unit laundry, its own yard, and dedicated parking.
The property is located at 396 Pecos Loop SE in Rio Rancho, New Mexico. Its two-unit configuration supports separate occupancy within one residential income property, with each residence providing distinct living and outdoor areas.
The property is located at 396 Pecos Loop SE in Rio Rancho, New Mexico. Its two-unit configuration supports separate occupancy within one residential income property, with each residence providing distinct living and outdoor areas.
Key Highlights
- Completed in 2024
- Two‑unit duplex configuration with a separate accessory dwelling unit
- Main residence has 3 bedrooms, 3 baths, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,433
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,660
$348.7K
Cap Rate 7%
$249,043
$249.0K
Cap Rate 9%
$193,700
$193.7K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$26.9K $13.80/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$24.9K $12.77/SF
− OpEx
−$7.5K −$3.83/SF
NOI
$17.4K $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%
$348,660
Cap Rate 7%
$249,043
Cap Rate 9%
$193,700
Alternative Uses
Best Use
Multifamily LT 5
$249.0K
$217.9K – $290.6K
NOI $17,433 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,201 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$483.2K
$422.8K – $563.8K
NOI $33,826 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with modern finishes, private outdoor areas, dedicated parking, and a two-car garage.
Where is this duplex located?
The property is located at 396 Pecos Loop Rio Rancho, NM.
What is the asking price?
The asking price for this property is $579,990.
What are key features of this property?
This property features: Completed in 2024; Two‑unit duplex configuration with a separate accessory dwelling unit; Main residence has 3 bedrooms, 3 baths, and a 2‑car garage
