55-65 Darlene Road SE Rio Rancho, NM 87124
MULTI_FAMILY - Rio Rancho, NM
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 1:06 am
Property Features for 55-65 Darlene Road SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 8
- Rooms
- Bathroom 8, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 7, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2
- Exterior features
- Lighting
- Appliances
- Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 1011069214367
- Size
- 6,620 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4174
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.
The property is located at 55-65 Darlene Road SE in Rio Rancho, New Mexico, in Sandoval County. The units are currently occupied by long-standing tenants.
At the portfolio level, the combined asset provides an all-in-one ownership structure for an 8-unit multifamily investment, with the current occupancy noted as delivering immediate income.
Key Highlights
- 8‑unit multi‑family portfolio includes two separately parceled 4‑plex buildings offered together
- All units are 2‑bedroom, 1‑bath layouts, with eight total units
- Property was built in 1980
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 | $107.2k | $16.20 |
| − Vacancy | −$7.3k | −$1.10 |
| EGI | $100.0k | $15.10 |
| − OpEx | −$45.0k | −$6.79 |
| NOI | $55.0k | $8.30 |
