4-Unit Quadplex with Private
For Sale
$595,000
483 Vancouver Road SE, Rio Rancho, NM 87124
ResidentialIncome, Rio Rancho, NM
Property Size3,433 SF
Lot Size0.46 Acres
Price / SF$173.32
Days on Market47
Property Features for 483 Vancouver Road SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking
8
Patio and Porch features
Patio
Exterior features
Patio
Appliances
Dishwasher, FreeStandingGasRange, Refrigerator, RangeHood
Subdivision
Rio Rancho Estates
Directions
From Southern Blvd North on Baltic Ave (West of Unser) to Arkansas St, West on Arkansas to corner of Arkansas and Tulip which is the Fourplex on 483 Vancouver Rd SE.
Standard status
Active
APN
1009069478167
Size
3,433 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Annual Amount
2920
Utilities
Heating system
Forced Air
Amenities
washer/dryer hookups
individual storage units
Building Details
Year built
1997
Floors in Building
1
Number of units
4
Flooring type
Carpet, Tile, Laminate
Building materials
Frame, Stucco
Listing Agency:
R & R Real Estate Partners LLC
(505) 225-3570
Listed By:
Franz Redl · License #17808
(505) 280-6365
Added: Sep 7
Changed: Oct 22
Last Checked: Oct 23 at 7:06AM
MLS# 1110561
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.
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Investment Insights
Based on property information with market context.
This 3,433-square-foot quadplex contains four apartments, each approximately 850 square feet with two bedrooms, one bathroom, a kitchen and dining area, and a living room. Each residence has its own backyard, washer and dryer hookups, and a separate storage unit. The property was built in 1997 and received a metal roof in 2021. A patio is also listed among the exterior features.
All four apartments are occupied. The corner parcel measures 0.46 acres, and the property information cites a pro forma cap rate close to 8%.
All four apartments are occupied. The corner parcel measures 0.46 acres, and the property information cites a pro forma cap rate close to 8%.
Key Highlights
- Four occupied apartments, each approximately 850 square feet
- Each apartment has 2 bedrooms and 1 bathroom
- Each residence includes a backyard, washer/dryer hookups, and individual storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,676
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,520
$613.5K
Cap Rate 7%
$438,229
$438.2K
Cap Rate 9%
$340,844
$340.8K
Market Conditions
NOI Build-Up for 3,433 SF
Gross rent
$47.4K $13.80/SF
− Vacancy
−$3.6K −$1.04/SF
EGI
$43.8K $12.77/SF
− OpEx
−$13.1K −$3.83/SF
NOI
$30.7K $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%
$613,520
Cap Rate 7%
$438,229
Cap Rate 9%
$340,844
Alternative Uses
Best Use
Multifamily LT 5
$438.2K
$383.5K – $511.3K
NOI $30,676 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$407.3K
$356.4K – $475.1K
NOI $28,508 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$850.3K
$744.0K – $992.0K
NOI $59,520 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
52
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?
Quadplex - Four occupied apartments sit on a 0.46-acre corner parcel, with individual storage and laundry connections.
Where is this quadplex located?
The property is located at 483 Vancouver Road SE Rio Rancho, NM.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four occupied apartments, each approximately 850 square feet; Each apartment has 2 bedrooms and 1 bathroom; Each residence includes a backyard, washer/dryer hookups, and individual storage
