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615 Iron Avenue SW Albuquerque, NM $ 1,600,000
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$ 1,600,000 Get more info
615 Iron Avenue SW
$ 1,600,000
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New Construction
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615 Iron Avenue SW

Albuquerque, NM, 87102
$ 1,600,000
Bedrooms2 Baths2.0 Sq 6,148

Monthly Estimate*

$ 9,982

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Multi-Family Home for sale in Albuquerque, NM

for $1,600,000 with 2 bedrooms and 2 full baths. This 6,148 square foot home was built on a lot size of 0.16.

Exceptional investment opportunity! This modern 6-unit building, just two years old, showcases quality craftsmanship from an experienced builder/owner and delivers an impressive cap rate. Each unit is thoughtfully designed with contemporary finishes and efficient layouts, ensuring both style and durability. Currently operated as successful Airbnb rentals, this property offers strong, proven income potential and immediate cash flow. The building's newer construction minimizes maintenance costs while maximizing long-term value, ideal for investors seeking turnkey performance in a thriving short-term rental market. A rare chance to own a high performing income property built and managed with experience and attention to detail.

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Multi-Family Active

Price

$ 1,600,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 587

Style

Lot Size

0.16

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1003217
Features
General
Heating Central Electric Forced Air
Cooling Refrigerated
Utilities Natural Gas Connected
Appliances Built-In Gas Oven Built-In Gas Range
Development Status Proposed
Construction Materials Frame Stucco
Electric None
Tenant Pays Electricity Gas Sewer Trash Collection Water
Stories Count 3
Levels Three Or More
Property Subtype Multi Family
Gross Income 143640
Community Features Deck/Porch
County Bernalillo
New Construction true
Property Type Residential Income
Green Energy Generation None
Status Active
Directions South on 8th St. from Central East on Iron to property.
City Albuquerque
Disclosures Principal is Real Estate Licensed RANM 2100 Disclosure
Zoning Description R-MH*
Number Of Units Total 6
MLS Area 80 - Downtown Area
Lot Size Square Feet 6969.6
Listing Terms Cash Conventional
Tax Annual Amount 587.6
Property Condition To Be Built
Builder Name Sierra Hacienda Builders
Standard Status Active
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Interior
Flooring Carpet Concrete Tile
Total Stories 3
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 2
Total Baths 2
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Exterior
Number of Buildings 1
Building Area Total 6148
Lot Size Acres 0.16
Lot Size Source Public Records
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* Excluded Features
List By
Thomas Gallegos

Listing Agent

Berkshire Hathaway Nm Prop

Broker

tgallegos505@gmail.com

Email

Affordability Calculator

$10,031
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,982
Monthly Property Taxes
$49
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2025$1,600,000 Listed Price

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615 Iron Avenue SW, Albuquerque, NM, 87102 is a Multi-Family Home for sale at $1,600,000 with 6,148 sqft and a lot size of 0.16. 615 Iron Avenue SW has 2 bedrooms and 2.0 baths. The property's zip code is 87102 which is in Albuquerque, NM

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