$600,000

active

3848 Rio Grande Boulevard NW, Albuquerque, NM 87107

0 days on market

Lot

9,148 sqft

Type

other

About This Property

Corner visibility, North Valley appeal and in-place income meet at Rio Grande Boulevard and Griegos Road, near the Rio Grande Shops at Flying Star Plaza. Two buildings with five suites offer investment and future owner-user possibilities. Three suites in 3846 are leased through 2027; two vacant suites in 3848 offer immediate lease-up opportunities. After the applicable lease expires, Suite A in 3846 could serve as a 2-bedroom/1-bath residence with a full kitchen, dining and living room. With modifications to connect Suite B internally, the residence could expand to 3 bedrooms/2 baths with a second living or work space, subject to required approvals. Pursue a five-suite rental investment or plan for future residential occupancy while retaining income. The prominent corner lot offers exposure along two established roads near shopping and dining. MX-M mixed-use zoning supports a range of potential uses, subject to applicable requirements and approvals.

Features & Amenities

Guest

On Site

1 Story

11 Parking Spaces

Property Details

MLS #	1112914
Property Type	other
Heating	NaturalGas
Cooling	Ductless,EvaporativeCooling
Lot Size	9,148 sqft
Property Tax (est.)	$5,832/yr ($486/mo)
Status	Active
Days on Market	0

About North Valley → Full Guide

Price vs. Neighborhood

This home

$600,000

North Valley median

$520,000

15% above the North Valley median. Homes here sell in an average of 48 days.

Commute Times

Unm

15 min

Downtown

10 min

Abq Studios

25 min

Sandia Labs

25 min

Kirtland Afb

25 min

Presbyterian

15 min

Intel Rio Rancho

20 min

Nearby Schools

Griegos Elementary

K-5 · APS

5/10

Madison Middle School

6-8 · APS

4/10

Valley High School

9-12 · APS

4/10

Neighborhood Guide

Explore North Valley

Rural & Spacious

Listing courtesy of Keller Williams Realty. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.