About This Home

This 6-bedroom, 4-bathroom residential multi family at 321 Wayne Road NW in Los Ranchos, NM is listed for $739,000 ($246 per sqft). Built in 1960, the home offers 3,000 sqft of living space on a 0.57 acres lot.

Key Features

  • Built in 1960
  • 0.57 acre lot

Property Details

1 story
4 full
1960

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$3,952/mo

20% down · 6.5% · 30 years

Principal$534
Interest$3,202
Insurance$216

Estimates only. Actual payments may vary.

Location

321 Wayne Road NW

Los Ranchos, NM 87114

Englebrecht Subd

Features & Amenities

Interior Features

CeilingFans

Property Details

Flooring

Carpet

Construction

Frame Stucco

Heating

CentralForced Air

Cooling

Ceiling Fan(s)Varies by Unit

Appliances

FreeStandingElectricRangeRefrigerator

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 321 Wayne Road NW is listed at $739,000 ($246/sqft). The estimated monthly payment is $3,953 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1960, 0.57 acre lot. Interior Features: CeilingFans.

This property is listed by Steve L Soto and can be reached at 5052634624.

SS

Steve L Soto

License 29767

Agent at New Mexico Properties/Allstar, REALTORS

(505) 263-4624

Listed by New Mexico Properties/Allstar, REALTORS · Broker phone: (505) 798-6300 · View on Broker Site

MLS# 1107684· Source: Southwest MLS· 49 days on PropertySimple

Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

321 Wayne Road NW, Los Ranchos, NM 87114

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