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.
For sale
Price cut: $10K (9/4)
$739,000
321 Wayne Rd NW, Albuquerque, NM 87114
6beds
4baths
3,000sqft
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$246/sqft
$-- HOA
What's special
Ample on-site parkingMove-in condition
- 59 days
- 430
- 12
Zillow last checked:
Listing updated:
Listed by:
Steve L Soto 505-263-4624,
Berkshire Hathaway NM Prop 505-798-6300
Source: SWMLS,MLS#: 1107684
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Central, Forced Air, Other, Wall Furnace
Cooling
- Evaporative Cooling, Varies by Unit, Ceiling Fan(s)
Appliances
- Included: Free-Standing Electric Range, Refrigerator
Features
- Ceiling Fan(s)
- Flooring: Carpet
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.57 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101506426303440303
- Zoning description: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Englebrecht Subd
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $593,100
- Annual tax amount: $8,380
- Date on market: 7/22/2026
- Cumulative days on market: 59 days
- Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
- Total actual rent: 0
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $739,000-1.3%$246/sqft |
Source: | ||
| 7/22/2026 | Price change | $749,000-0.1%$250/sqft |
Source: | ||
| 11/19/2025 | Listed for sale | $750,000$250/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,380 +247.7% | $197,680 +204.4% |
| 2024 | $2,410 +1.8% | $64,942 +3% |
| 2023 | $2,367 +6.2% | $63,050 +3% |
| 2022 | $2,228 +3.4% | $61,214 +3% |
| 2021 | $2,154 +1.8% | $59,432 +3% |
| 2020 | $2,116 | $57,701 +3% |
| 2019 | -- | $56,021 |
| 2018 | $1,770 -10.7% | $56,021 +3% |
| 2017 | $1,982 +7.9% | $54,390 +6.1% |
| 2016 | $1,837 -96.3% | $51,268 +3% |
| 2015 | $49,775 +2829.2% | $49,775 +3% |
| 2014 | $1,699 | $48,326 +3% |
| 2013 | $1,699 | $46,919 |
| 2012 | -- | $46,919 |
| 2011 | -- | $46,919 +3% |
| 2010 | -- | $45,557 -6.2% |
| 2009 | -- | $48,553 +3% |
| 2008 | -- | $47,138 +3% |
| 2007 | -- | $45,767 +3% |
| 2006 | -- | $44,434 +3% |
| 2005 | -- | $43,140 +3% |
| 2004 | -- | $41,883 +3% |
| 2003 | -- | $40,663 +3% |
| 2002 | -- | $39,480 +3% |
| 2001 | -- | $38,330 -27.6% |
| 2000 | -- | $52,928 |
Find assessor info on the county website
Monthly payment
Est. payment





