Vacant 1.59 Acre Lot Close to Development in Rio Rancho, NM -$4,500


$500 Nonrefundable Deposit Secures This Property. Deposit Subtracted from Purchase Price.

You can’t beat the size, price and location of this property. At 1.59 acres, this property is above average size and below average price for the Rio Rancho subdivision. Located only a mile away from the Vista Grande Elementary school, you are very close to development. If development continues and property prices rise, this could be a good buy and hold opportunity (please do your own research regarding development and predicted property prices!). In the meantime, use it to camp, build a cabin, or as a recreational escape from the city (or all three!). Road access may be a little rough.

**Everything we know about this property is in this ad, please check with the county and do your own due diligence regarding the accuracy of this information. We have never seen this property in person. GPS coordinates are approximate corner points of the property. A professional survey should be conducted to determine actual property lines if desired. Aerial pictures are of the property. Ground Pictures are of the area. This is a cash only sale.**

Out of stock



Address: Olsen Rd NE, Rio Rancho NM 87144

County: Sandoval

City: Rio Rancho

State: New Mexico

Zip: 87144

APN: R133312

Acreage: 1.59 acres

Price: $4,500

Property Type: Vacant

Zoning: Residential

Terrain: Flat

Elevation: 5465 ft

Best Attribute: Location, Easy Access, Close to Major City of Albuquerque


Power: Buyer verify

Phone: None

Water:  Buyer verify

Sewer:  Would need to install septic

Roads:  Dirt road

Time to Build: None

Title Information: Clear Title

Annual Property Taxes (approx.): $48.44 – 2019

HOA/ Misc Fees: None

General Location/Directions: Just west of Rio Rancho

GPS Coordinates (refer to reference picture):

NW: 35.339097, -106.627737

WE: 35.338962, -106.627129

SE: 35.337911, -106.627635

SW: 35.338006, -106.628069


Document Fee: $100 (covers everything needed to get the property into your name)

Terms: Cash only