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615 Iron Avenue SW

Albuquerque, NM 87102
  • $1,500,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 1102929
UPDATED: 12 min ago
$1,500,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 6,574
    SQFT
  • $228
    $/SQFT
Type:
Multi-Family
Built:
2023
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. 5 of 6 units are now cash flowing AirBnB units - See APOD

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IDX information © 2026 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: 2026-05-19T09:05:04.8.
www.nmhomestore.com/homes/176136655
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615 Iron Avenue SW Albuquerque, NM 87102

  • Price: $1,500,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 12 min ago
  • MLS #: 1102929
12
Beds
12
Baths
0
½ Baths
0.16
Acres
6,574
SQFT
$228
$/SQFT
2023
Built
Neighborhood:
Block X Atlantic And Pacific Add
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. 5 of 6 units are now cash flowing AirBnB units - See APOD
Exterior Features

Construction Materials Frame Stucco Levels Three Or More Stories Total 3

Interior Features

Appliances Built- In Gas Range Cooling Ductless 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 6574 Community Features Deck / Porch Green Energy Generation None Gross Income 144495 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN No Owner Pays Common Area Maintenance Property Condition Resale Property Sub Type Multi Family Property Sub Type Additional Multi Family Tax Annual Amount 35241.27 Tenant Pays Electricity Gas Sewer Trash Collection Water Total Actual Rent 13200 Utilities Electricity Connected Natural Gas Connected Sewer Connected Underground Utilities Water Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of Berkshire Hathaway NM Prop: (505) 798-6300. © 2026 Southwest Multiple Listing Service, Inc.


IDX information © 2026 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: 2026-05-19T09:05:04.8.
 
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Coldwell Banker Legacy
6719 Academy Road NE
Albuquerque NM, 87109