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615 Iron Avenue SW

Albuquerque, NM 87102
  • $1,600,000
  • STATUS: Active
  • ON SITE: 1481 Days
  • MLS #: 1003217
UPDATED: 20 min ago
$1,600,000
  • 2
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 6,148
    SQFT
  • $260
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

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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IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Coldwell Banker Legacy. Data last updated: 2025-11-10T14:05:13.573.
www.nmhomestore.com/homes/122593414
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615 Iron Avenue SW Albuquerque, NM 87102

  • Price: $1,600,000
  • Status: Active
  • On Site: 1481 Days
  • Updated: 20 min ago
  • MLS #: 1003217
2
Beds
2
Baths
0
½ Baths
0.16
Acres
6,148
SQFT
$260
$/SQFT
Neighborhood:
80 - Downtown Area
County:
Bernalillo
Area:
80 - Downtown Area
Property Description
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.
Exterior Features

Construction Materials Frame Stucco Levels Three Or More Stories Total 3

Interior Features

Appliances Built- In Gas Oven Built- In Gas Range Basement YN No Cooling Refrigerated Cooling YN Yes Electric None Flooring Carpet Concrete Tile Heating Central Electric Forced Air Heating YN Yes

Property Features

Builder Name Sierra Hacienda Builders Building Area Total 6148 Community Features Deck / Porch Development Status Proposed Green Energy Generation None Gross Income 143640 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN Yes Owner Pays Common Area Maintenance Property Condition To Be Built Property Sub Type Multi Family Tax Annual Amount 587.6 Tenant Pays Electricity Gas Sewer Trash Collection Water Utilities Natural Gas Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of Berkshire Hathaway NM Prop: (505) 798-6300. © 2025 Southwest Multiple Listing Service, Inc.


IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Coldwell Banker Legacy. Data last updated: 2025-11-10T14:05:13.573.
 
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Coldwell Banker Legacy
6719 Academy Road NE
Albuquerque NM, 87109