For sale

Price cut: $30K (6/16)

$560,000

315 Rio Grande Blvd NW, Albuquerque, NM 87104

4beds

5baths

3,495sqft

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Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$160/sqft

$-- HOA

What's special

DO NOT ENTER PROPERTY/ DO NOT DISTURB TENANTS. Just steps to Old Town Plaza and almost a quarter acre lot. Rare find! Available are two side-by-side multi-unit/ multi-building properties in prime Old Town (also see listing for 319 Rio Grande NW [next door]). This property consists of a Rio Grande Blvd-facing commercial storefront building with a private exterior entry 2nd floor studio apt., a separate duplex building (one 2-bed/1-bath + one studio/1-bath) as well as a private 2-bed/1-bath casita at the back of the lot. Close to I-25, Rio Grande River, downtown, etc. Great potential for possible complete redevelopment? Or rehab as a multi-unit AirBnB with gift shop or gallery. Or maybe even turn this property into a multi-generational private urban ''homestead'' with a family-run store.

110 days

221

7

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5

Heating

Wall Furnace

Cooling

Evaporative Cooling

Appliances

Included: Refrigerator

Features

Flooring: Concrete

Interior area

Total structure area: 3,495
Total interior livable area: 3,495 sqft

Property

Features

Levels: One
Stories: 1

Lot

Size: 9,583 Square Feet

Details

Parcel number: 101305807835421219
Zoning description: R-1A*

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block, Frame, Other, Stucco

Condition

Resale
New construction: No
Year built: 1930

Utilities & green energy

Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Available, Water Available

Green energy

Energy generation: None

Community & HOA

Location

Region: Albuquerque

Financial & listing details

Price per square foot: $160/sqft
Tax assessed value: $359,068
Annual tax amount: $8,714
Date on market: 3/6/2026
Cumulative days on market: 110 days
Listing terms: Cash,Conventional
Total actual rent: 550
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/16/2026	Price change	$560,000-5.1%$160/sqft
Source: SWMLS #1099347 Report a problem
3/6/2026	Listed for sale	$590,000$169/sqft
Source: SWMLS #1099347 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,783 +3.1%	$119,678 +3%
2024	$5,607 +1.9%	$116,192 +3%
2023	$5,505 +111.2%	$112,808 +3%
2022	$2,607 -49.8%	$109,523
2021	$5,192 -0.5%	$109,523 +0.7%
2020	$5,216	$108,756
2019	--	$108,756
2018	$5,950 -1.6%	$108,756 -14.3%
2017	$6,048 +1.1%	$126,887
2016	$5,982 -95.3%	$126,887 +0.3%
2015	$126,520 +2099%	$126,520 +2.5%
2014	$5,754	$123,380
2013	$5,754	$123,380 -3.9%
2012	--	$128,387
2011	--	$128,387 -2.3%
2010	--	$131,453 +19.9%
2009	--	$109,622

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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