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$739,000

$246/sqftactive

321 Wayne Road NW, Los Ranchos, NM 87114

44 days on market

10 views

Beds

6

Baths

4

Sqft

3,000

Lot

24,960 sqft

Built

1960

Type

multi family

About This Property

Rare North Valley income-producing opportunity near Los Ranchos! This unique 4-unit property offers an exceptional combination of flexibility, location, and income potential on a spacious approximately 1/2-acre lot. The property features two individual 1-bedroom units plus a duplex consisting of two 2-bedroom units, providing four separate living spaces in total. All units have been updated and are in move-in condition. Three of the four units are nicely furnished, and each unit offers its own private front-yard area along with ample on-site parking. Separate electric meters for each unit provide additional convenience for ownership and management, with water being the only shared utility. Whether you're an experienced investor seeking a versatile income property, an owner-occupant looking to live in one unit while generating rental income from the others, or someone looking for a unique property with potential for furnished or vacation-rental use, this property offers a rare range of possibilities. Set in the highly desirable North Valley near Los Ranchos, this is a special opportunity that is not often available. Come explore the possibilities! Buyer to verify zoning for their use.

Features & Amenities

Ceiling Fans
Free Standing Electric Range
Refrigerator
Carpet Flooring
Subdivision: Englebrecht Subd

Property Details

MLS #1107684
Property Typemulti family
Year Built1960
HeatingCentral,ForcedAir,Other,WallFurnace
CoolingEvaporativeCooling,VariesByUnit,CeilingFans
Lot Size24,960 sqft
Property Tax (est.)$8,380/yr ($698/mo)
Price / Sqft$246
StatusActive
Days on Market44

About Los Ranchos de Albuquerque → Full Guide

Price vs. Neighborhood

This home

$739,000

Los Ranchos de Albuquerque median

$625,000

18% above the Los Ranchos de Albuquerque median. Homes here sell in an average of 50 days.

Nearby Schools

Albuquerque Academy

6-12 · Private

9/10

Griegos Elementary

K-5 · APS

5/10

Jefferson Middle School

6-8 · APS

5/10

Valley High School

9-12 · APS

4/10

Neighborhood Guide

Explore Los Ranchos de Albuquerque

Rural Luxury

Listing courtesy of Berkshire Hathaway NM Prop. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.

Katey Taylor

Katey Taylor

Lead Agent & Team Founder

(505) 974-9701

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Quick Facts

Est. Tax$698/mo
HeatingCentral
CoolingEvaporativeCooling

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