Four-Unit Quadplex with
For Sale
$565,000
95 Eventide Road Se, Rio Rancho, NM 87124
Each apartment has two bedrooms, one bathroom, a dishwasher, and washer and dryer hookups.
Property Size3,310 SF
Price / SF$170.69
Days on Market11
Property Features for 95 Eventide Road Se
General Information
Standard status
Active
Size
3,310 SF
Property subtype
Residential Income
Zoning
R-2
Site & Location
Neighborhood
Solar Village/Mid-Unser Neighborhood
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,189
Amenities
private backyards
private balconies
washer and dryer hookups
dishwashers
tile/vinyl flooring
Tile,Vinyl
true
4
8
Washer Hookup,Dryer Hookup,In Unit
Plans
0.15
Estimated
Lighting,Patio
3310
Other
1
Building Details
Building Size
3,310 SF
Year Built
1980
Stories
2
Listing Agency:
Beyond Real-Estate
(505) 405-4957
Listed By:
Melissa Martinez
Source:
Homeauthority
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:38PM
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 Beyond Real-Estate
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Investment Insights
Based on property information with market context.
This 3,310-square-foot quadplex in Rio Rancho contains four two-bedroom, one-bathroom apartments. The units have open layouts, tile or vinyl flooring, dishwashers, and washer and dryer hookups. Ground-floor apartments offer private backyards, while the upper-level units have balconies with Sandia views. Carport parking is provided for each resident.
The property sits on a corner lot and is zoned R-2. Some apartments have renovated kitchens and bathrooms. A TPO roof with a taper system was installed in 2022; the carport has also been repainted, and the exterior paint has received touch-ups.
The property sits on a corner lot and is zoned R-2. Some apartments have renovated kitchens and bathrooms. A TPO roof with a taper system was installed in 2022; the carport has also been repainted, and the exterior paint has received touch-ups.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,310 square feet; built in 1980
- R‑2 zoning on a corner lot in Rio Rancho
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,577
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,540
$591.5K
Cap Rate 7%
$422,529
$422.5K
Cap Rate 9%
$328,633
$328.6K
Market Conditions
NOI Build-Up for 3,310 SF
Gross rent
$45.7K $13.80/SF
− Vacancy
−$3.4K −$1.04/SF
EGI
$42.3K $12.77/SF
− OpEx
−$12.7K −$3.83/SF
NOI
$29.6K $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%
$591,540
Cap Rate 7%
$422,529
Cap Rate 9%
$328,633
Alternative Uses
Best Use
Multifamily LT 5
$422.5K
$369.7K – $493.0K
NOI $29,577 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$392.7K
$343.6K – $458.1K
NOI $27,487 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$819.8K
$717.3K – $956.5K
NOI $57,387 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
206
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 - Each apartment has two bedrooms, one bathroom, a dishwasher, and washer and dryer hookups.
Where is this quadplex located?
The property is located at 95 Eventide Road Se Rio Rancho, NM.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,310 square feet; built in 1980; R‑2 zoning on a corner lot in Rio Rancho
