Fourplex located off tramway and Juan Tabo Near the mountains and Four Hills community. High appreciating area with many new developments completed and under construction. Raise rents to market and charge flat rate water bills or RUBS to create a great cash flowing property.
Sold on 05/06/24
Price Unknown
404 Rainbow Ct SE, Rio Rancho, NM 87123
8beds
4baths
--sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$--/sqft
$1,380 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,380/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 17, 2025 at 12:22pm
Listed by:
Trey W. Whaley 505-269-1824,
Rhino Realty Property Mgmt LLC
Bought with:
Ducarmel G Germain, 44162
HomeSmart Realty Pros
Camille R Victour, 20344
HomeSmart Realty Pros
Source: SWMLS,MLS#: 1054948
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Carpet, Tile
- Has basement: No
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 0.33 Acres
Details
- Parcel number: 102205626327420411
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Green energy
- Energy generation: None
Community & neighborhood
Community
- Community features: Deck/Porch, Patio
Location
- Region: Rio Rancho
Other
Other facts
- Listing terms: Cash,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 12/20/2025 | Listing removed | $995 |
Source: Zillow Rentals Report a problem | ||
| 10/29/2025 | Price change | $995-5.2% |
Source: Zillow Rentals Report a problem | ||
| 10/20/2025 | Price change | $1,050-4.1% |
Source: Zillow Rentals Report a problem | ||
| 10/10/2025 | Listed for rent | $1,095 |
Source: Zillow Rentals Report a problem | ||
| 5/6/2024 | Sold | -- |
Source:  SWMLS #1054948 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,466 +1.7% | $82,160 +3% |
| 2023 | $3,409 +107% | $79,767 +3% |
| 2022 | $1,647 +3.5% | $77,444 +3% |
Find assessor info on the county website
Neighborhood: Singing Arrow
Nearby schools
GreatSchools rating
- 4/10Apache Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 2/10Van Buren Middle SchoolGrades: 6-8Distance: 3.4 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 4.8 mi