new - 2 days on rocket

316 Rhode Island St NE, Albuquerque, NM, 87108

$285,000

Home List Price

$3,384*

Closing Credit

2 Bedrooms
1 Bath
2,511 SqFt
$114/SqFt
Multi

Location

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316 Rhode Island St NE, Albuquerque$285,000

Buyer Closing Credits

$3,384*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1959
HeatingWall Furnace
CoolingEvaporative Cooling
MLS #1074007
Lot Size0.14 Acres
StatusActive

About 316 Rhode Island St NE

Fantastic investment opportunity! This well-maintained, fully rented triplex offers three 2-bedroom, 1-bath units with convenient off-street parking. Each unit features a spacious living area, an eat-in kitchen complete with gas stove/oven, refrigerator, washer, and dryer. Tenants enjoy a grassy courtyard featuring a large shade tree and a shared gazebo. Recent updates include a freshly painted exterior, new flooring, new paint, and new evaporative coolers in some units. This property is being sold together with 320 Rhode Island (see SWMLS #1074008), providing a rare chance to expand your investment portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1959
  • Living Area: 2,511 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (505) 271-8200
  • Listing Agent: Veronica A Gonzales

Interior Features

Interior Information:

  • Appliances: Dryer, Gas Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: From Wyoming and Copper, west on Copper, south on Rhode Island to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $285,000
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $2,452
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$344K

Med. Price/SqFt

$204

Avg. Days On Market

33

# of Sold Homes

530

316 Rhode Island St NE vs Albuquerque

2 DAYS ON ROCKET

-31 Days

$285,000

-$59K Less

$114/SqFt

-$91 Less

KEY TAKEAWAY

This property is $59K less than the Median Sold Price and $91/SqFt less than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1074007

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (505) 271-8200
  • Listing Agent: Veronica A Gonzales

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 09, 2021Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,452$57,159
2019$2,363$57,159
2018$2,360$55,494
2017$2,360$55,494

History based on county public records data.

Payment Calculator

$1,490

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$921

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-582991
3
/10

  • La Mesa Elementary School

  • 7500 Copper Ave NE

  • 0.28 miles

  • Public District Grades PK-5

school-card-donut-582992
4
/10

  • Hawthorne Elementary School

  • 420 General Somervell St NE

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-582993
2
/10

  • Emerson Elementary School

  • 620 Georgia St SE

  • 1.09 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,167. Typical income of Albuquerque, NM residents is less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›316 Rhode Island St NE

This home is located at 316 Rhode Island St NE in Albuquerque, NM and zip code 87108 in the La Mesa neighborhood. This 2,511 square foot home, which was built in 1959, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $285,000.

Albuquerque, NM housing market in October 2024 saw over 94 listings sold above listed price, more than 148 sold at listed price and over 288 sold below. The number of homes for sale in Albuquerque, NM decreased by 8.2% between September 2024 and October 2024. In October 2024 median list price was $344,019 and the average listing age was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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