55-65 Darlene Road SE, Rio Rancho, NM 87124

$1,030,000

Property Type: Residential Income Square Footage: 6,620 Lot Size (sq. ft.): 17,860 Status: Active

Current Price: $1,030,000 List Date: 7/10/2026 Last Modified: 7/22/2026

Overview

Description

Prime Multi-Family Investment Opportunity in Rio Rancho! Discover this rare investment consisting of two separately parceled 4-plex buildings offered for sale together. These eight well-maintained 2-bedroom, 1-bath units are currently occupied by long-standing tenants, delivering immediate, stable income with strong upside potential. Located in a high-demand rental market where quality multi-family properties are extremely difficult to find, this portfolio offers a turnkey solution for the savvy investor. The units are clean, functional, and have been thoughtfully cared for, resulting in reliable cash flow and minimal deferred maintenance. Don't miss this exceptional chance to acquire a performing 8-unit asset in one of the area's most desirable locations.

Listing Details MLS# 1107083

Contract Information

List Price/SqFt: 155.59
Allowance/Concession: No

Location

Street #: 55-65
Street Name: Darlene
St Suffix: Road
Post Direction: SE
County: Sandoval
City/Town Code: Rio Rancho
State/Province: NM
Zip Code: 87124
Zip +4: 2761
MLS Area Major: 150 - Rio Rancho MiD
Zone Atlas: 52

CityCounty Data

Subdivision Name: Casa Del Rio

General Property Description

# of Units: 8
5+ Units: Yes
Property Sub-Type: Four Plex
Living Area: 6620
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.41
Lot SqFt: 17860
Directions: From Unser and 2nd St. head West on 2nd St., Left on Eventide, Left on Darlene.
Stories: 2
Total # of Buildings: 2
Year Built: 1980
Year Built Source: Assessor
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: Yes

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: 8
# of Bedrooms: 2
# Baths: 8
Approx. SqFt: 835
Actual Rent: 800
Max Rent: 1250
Market Rent: 1250

Unit Summary

Total Units: 8
Average Unit Size: 835
Average Actual Rent: 800
Annualized: 76800
Total Actual Rent: 6400

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Outside Lights Appliances included: Dishwasher; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet Green Energy Generation: None Electric Provider: Public Utility Metering: Individual Electric; Individual Gas Operating Expenses: Insurance; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 2+Spaces Per Unit Roof: Bitumen Rental Info: Current Lse Agreemnt; Month To Month Finance Considered: Cash; Conventional; FHA; VA; Other - See Remarks Source: Owner Provided Showing Requirements: Call Listing Agent Zoning: R-3

Listing Office: Absolute Real Estate

Last Updated: July - 22 - 2026

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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55-65 Darlene Road SE, Rio Rancho, NM 87124 (MLS# 1107083)