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.
For sale
$590,000
315 Rio Grande Blvd NW, Albuquerque, NM 87104
4beds
1baths
3,495sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$169/sqft
$-- HOA
What's special
- 9 days |
- 478 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: March 10, 2026 at 10:32am
Listed by:
Amber Fosse 505-264-5455,
Absolute Real Estate 505-681-8578
Source: SWMLS,MLS#: 1099347
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
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: 9,583.2 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: $169/sqft
- Tax assessed value: $359,068
- Annual tax amount: $8,714
- Date on market: 3/6/2026
- Cumulative days on market: 10 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Listed for sale | $590,000$169/sqft |
Source:  SWMLS #1099347 Report a problem | ||
Public tax history
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
BuyAbility℠ payment
Est. payment
$3,355/mo
Principal & interest
$2932
Property taxes
$423
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Climate risks
Neighborhood: West Old Town
Nearby schools
GreatSchools rating
- 6/10Reginald Chavez Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 2.1 mi
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