615 Iron Avenue
Albuquerque, NM 87102
12
Bed
12
Bath
6,574Sqft
0.16Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 12 -
Flooring Information
Carpet, Concrete, Tile -
Interior Features
Appliances: Built-In Gas Range -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric, Forced Air Has Cooling: Yes Cooling: Ductless
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Building Information
Year Built: 2023 Building Area Total: 6574 Construction Materials: Frame, Stucco Stories: 3 Private Pool: No
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Lot Information
Lot Size Acres: 0.16 Lot Size Source: Public Records Lot Size Square Feet: 7100Property Information
Subdivision: Block X Atlantic And Pacific Add Source Property Type: Residential Income Postal Code Plus 4: 4573 Zoning Description: R-MH* Property SubType: Multi Family Levels: Three Or More Property Age: 3
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Listing Price Information
Listing Price: $1500000 Cash, Conventional
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Tax Information
Parcel Number: 101405705927520204 Annual Tax: $35241.27
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected -
Location Information
Direction: South on 8th St. from Central, East on Iron to property.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1100 &1102 10th Street, Albuquerque, NM, 87102 | $415,000 | 4 | 2 | 1,860 | 1,860 SqFt |
| 1508 Edith Boulevard, Albuquerque, NM, 87102 | $1,375,000 | 8 | 8 | 5,304 | 5,304 SqFt |
| 427 Odelia Road, Albuquerque, NM, 87102 | $299,976 | 3 | 3 | 1,424 | 1,424 SqFt |
| 426 Towner Avenue, Albuquerque, NM, 87102 | $565,000 | 6 | 6 | 3,191 | 3,191 SqFt |
| 1200 Edith Boulevard, Albuquerque, NM, 87102 | $518,800 | 6 | 3 | 2,975 | 2,975 SqFt |
| 313 Iron Avenue, Albuquerque, NM, 87102 | $1,000,000 | 7 | 4 | 5,603 | 5,603 SqFt |
| 715 Fruit Avenue, Albuquerque, NM, 87102 | $555,555 | 3 | 3 | 2,660 | 2,660 SqFt |
| 807 8th Street, Albuquerque, NM, 87102 | $1,100,000 | 5 | 5 | 3,600 | 3,600 SqFt |
| 907 Coal Avenue, Albuquerque, NM, 87102 | $530,000 | 7 | 4 | 3,135 | 3,135 SqFt |
| 1113 Gold Avenue, Albuquerque, NM, 87102 | $450,000 | 3 | 3 | 1,918 | 1,918 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/12/2026 @ 21:39
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