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408 Rainbow Court SE Albuquerque, NM $ 399,900
408 Rainbow Court SE
$ 399,900
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408 Rainbow Court SE

Albuquerque, NM, 87123
$ 399,900
Bedrooms2 Baths1.0 Sq 3,760

Monthly Estimate*

$ 2,462

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Multi-Family Home for sale in Albuquerque, NM

for $399,900 with 2 bedrooms and 1 full bath. This 3,760 square foot home was built in 1979 on a lot size of 0.19.

Calling all Investors! Southeast Heights 4 Plex, Situated on a quiet cul-de-sac, now available to add to your portfolio! 3 Fully rented and refurbished, 2 bedroom and 1 bathroom units with either a balcony or yard. 1 vacant unit to be rented out! Assigned parking spaces! Great location close to restaurants, shopping and more!

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Multi-Family Active

Price

$ 399,900

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 7,555

Style

Lot Size

0.19

Year Built

1979

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1099252

Features
General
Heating Forced Air
Cooling Evaporative Cooling Ceiling Fan(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Free-Standing Electric Range Refrigerator
Construction Materials Frame
Year Built 1979
Tenant Pays Electricity Gas Trash Collection
Stories Count 2
Levels Two
Property Subtype Quadruplex
Community Features Deck/Porch
Accessibility None
County Bernalillo
New Construction false
Property Type Residential Income
Subdivision Name Singimg Arrow Subd
Green Energy Generation None
Status Active
Directions East on Central from Juan Tabo. Turn south (right) onto Dorado. Turn west (right) onto Singing Arrow. Turn north (right) onto Rainbow Court. Property is the first on the right.
City Albuquerque
Disclosures RANM 2100 Disclosure
Zoning Description R-ML*
Number Of Units Total 4
MLS Area 71 - Southeast Heights
Lot Size Square Feet 8451
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 7555.73
Property Condition Resale
Virtual Tour https://my.matterport.com/show/?m=MYfSakPzfx5&brand=0&mls=1& https://my.matterport.com/show/?m=MYfSakPzfx5&brand=0&mls=1&
Builder Name Unknown
Standard Status Active
Property Sub Type Additional Quadruplex
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Carpet Tile
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Washer Hookup Dryer Hookup In Unit
Total Bedrooms 2
Total Baths 1
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Exterior
Exterior Amenities Lighting
Number of Buildings 1
Building Area Total 3760
Lot Size Acres 0.19
Lot Size Source Public Records
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* Excluded Features
List By
Joseph E Maez

Listing Agent

The Maez Group

Broker

joemaez@gmail.com

Email

Affordability Calculator

$3,092
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,462
Monthly Property Taxes
$630
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$399,900 Listed Price

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408 Rainbow Court SE, Albuquerque, NM, 87123 is a Multi-Family Home for sale at $399,900 with 3,760 sqft and a lot size of 0.19. 408 Rainbow Court SE has 2 bedrooms, 1.0 baths, and was built in 1979. The property's zip code is 87123 which is in Albuquerque, NM