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615 Iron Avenue SW Albuquerque, NM $ 1,500,000
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$ 1,500,000 Get more info
615 Iron Avenue SW
$ 1,500,000
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615 Iron Avenue SW

Albuquerque, NM, 87102
$ 1,500,000
Bedrooms12 Baths12.0 Sq 6,574

Monthly Estimate*

$ 9,236

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Multi-Family Home for sale in Albuquerque, NM

for $1,500,000 with 12 bedrooms and 12 full baths. This 6,574 square foot home was built in 2023 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. 5 of 6 units are now cash flowing AirBnB units - See APOD

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

12

Full Bath

12

Property Type

Multi-Family

Taxes

$ 35,241

Style

Lot Size

0.16

Year Built

2023

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1102929
Features
General
Heating Central Electric Forced Air
Cooling Ductless Refrigerated
Utilities Electricity Connected Natural Gas Connected Sewer Connected Underground Utilities Water Connected
Appliances Built-In Gas Range
Construction Materials Frame Stucco
Year Built 2023
Electric None
Tenant Pays Electricity Gas Sewer Trash Collection Water
Stories Count 3
Levels Three Or More
Property Subtype Multi Family
Gross Income 144495
Community Features Deck/Porch
County Bernalillo
New Construction false
Property Type Residential Income
Subdivision Name Block X Atlantic And Pacific Add
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 7100
Listing Terms Cash Conventional
Tax Annual Amount 35241.27
Property Condition Resale
Builder Name Sierra Hacienda Builders
Standard Status Active
Total Actual Rent 13200
Property Sub Type Additional Multi Family
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Interior
Flooring Carpet Concrete Tile
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 12
Total Baths 12
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Exterior
Number of Buildings 1
Building Area Total 6574
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

$12,173
Per Month
76%
24%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$2,937
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/5/2026$1,500,000 Listed Price

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615 Iron Avenue SW, Albuquerque, NM, 87102 is a Multi-Family Home for sale at $1,500,000 with 6,574 sqft and a lot size of 0.16. 615 Iron Avenue SW has 12 bedrooms, 12.0 baths, and was built in 2023. The property's zip code is 87102 which is in Albuquerque, NM

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