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321 Wayne Road

Los Ranchos, NM 87114

$739,000 $3,115/Mo

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Overview

Bed

Bath

3,000

Sqft

0.57

Acre(Lot)

Description

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.

Property Details

Property Type : Residential Income

Price : $739,000

AD Id : 88304458

MLS Id : 1107684

Beds : 6

Lot Size : 0.57 Acre

Living Area Size : 3,000 Sq. Ft

Tax Amount : $8,380.44

Year Built : 1960

County : Bernalillo

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 4
Flooring Information

Carpet
Interior Features

Ceiling Fan(s) Appliances: Free-Standing Electric Range, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Central, Forced Air, Other, Wall Furnace Has Cooling: Yes Cooling: Ceiling Fan(s), Evaporative Cooling, Varies by Unit

Building Information

Year Built: 1960 Building Area Total: 3000 Construction Materials: Frame, Stucco Stories: 1 Private Pool: No

Lot Information

Lot Size Acres: 0.57 Lot Size Source: Public Records Lot Size Square Feet: 24960

Property Information

Subdivision: Englebrecht Subd Source Property Type: Residential Income Postal Code Plus 4: 1045 Zoning Description: R-1 Levels: One Property Age: 66

Listing Price Information

Listing Price: $739000 Original Price: $749000 Cash, Conventional, FHA, Owner May Carry, VA Loan

Tax Information

Parcel Number: 101506426303440303 Annual Tax: $8380.44

Virtual Tour

Virtual Tour (External Link)

Utility Information

Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location Information

Direction: From Paseo del Norte and 2nd Street , Head South past El Pueblo to Wayne Road , Turn right and head west to property . property is on the north side of the street . Or 4th and Osuna , head north to Wayne Rd and turn right to property on left .No sign till Nov 24th.

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ByOwner last updated this listing 10/10/2026 @ 05:45

MLS: 1107684 LISTED BY: Steve Soto, Berkshire Hathaway NM Prop 505-798-6300 SOURCE: Southwest MLS (Greater Albuquerque Association of REALTORS)

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