$595,000
$173/sqftactive483 Vancouver Road SE, Rio Rancho, NM 87124
7 views
Beds
4
Baths
2
Sqft
3,433
Lot
20,038 sqft
Built
1997
Type
multi family
About This Property
Fully occupied Fourplex on an oversized, almost 0.5 Acre Corner Lot with the possibility for adding more Apartments! Each of the 4 Apartments are approx. 850 sf and feature a generous layout with 2 Bedrooms, 1 Bathroom, Kitchen with Dining area, large Living Room and their own Backyard. Washer/Dryer hookups in each Apartment, plus individual storage units. The building was updated with a metal roof in 2021 for long-term durability. With market rents at $1,200/m per unit, the proforma CAP Rate is close to 8%. Please do not disturb tenants.
Features & Amenities
Property Details
| MLS # | 1110561 |
| Property Type | multi family |
| Year Built | 1997 |
| Heating | ForcedAir |
| Cooling | EvaporativeCooling |
| Lot Size | 20,038 sqft |
| Property Tax (est.) | $2,920/yr ($243/mo) |
| Price / Sqft | $173 |
| Status | Active |
| Days on Market | 45 |
About Rio Rancho → Full Guide
Price vs. Neighborhood
This home
Rio Rancho median
72% above the Rio Rancho median. Homes here sell in an average of 36 days.
Commute Times
Unm
30 min
Downtown
25 min
Abq Studios
35 min
Sandia Labs
30 min
Kirtland Afb
35 min
Presbyterian
25 min
Intel Rio Rancho
10 min
Nearby Schools
Colinas del Norte Elementary
K-5 · RRPS
Cleveland High School
9-12 · RRPS
Lincoln Middle School
6-8 · RRPS
Rio Rancho High School
9-12 · RRPS
Neighborhood Guide
Explore Rio Rancho
Growing & Modern
Listing courtesy of R & R Real Estate Partners LLC. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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