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Street View
$1,500,000
Monthly Est:$7,466
12 Beds
12 Baths
6,574sqft
615 Iron Ave SW, Albuquerque, NM 87102
$1,500,000
$7,466/moEst:
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Multi Family
Built in 2023
$-- HOA
7,100 sqft lot
$228/sq.ft
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
- Houzeo last checked: 12 hours ago
- Listing updated: July 22, 2026 at 1:51 am
- Listing Provided by: Thomas Gallegos (505) 261-8687 DRE #45240 | Berkshire Hathaway NM Prop (505) 798-6300
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1102929
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
2023
HOA Fees
-
Finished Area
6,574 sqft
Lot Size
7,100 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1102929
MLS Status
Active
Days on Market
182
Cumulative Days on Market
1706
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 12
Interior
Appliances
Built In Gas Range
Flooring
Carpet, Concrete, Tile
Heating
Central, Electric, Forced Air
Cooling
Ductless, Refrigerated
Construction
Year Built
Year Built: 2023
Home type
Multi Family
Construction Materials
Frame, Stucco
Property Condition
Resale
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Electric
None
Other Features
Subdivision Name
Block X Atlantic And Pacific Add
Community Features
Deck Porch
Disclosures
Principal Is Real Estate Licensed, Ranm2100disclosure
Tenant Pays
Electricity, Gas, Sewer, Trash Collection, Water
Price History
| Date | Event | Price |
|---|---|---|
05/05/2026 Source: | Price Decreased | $1,500,000 -4.76% $228/sqft |
07/18/2024 Source: | Off Market | $1,575,000 -1.56% $240/sqft |
07/18/2024 Source: | Listed for Sale | $1,600,000 $243/sqft |
07/18/2024 Source: | Price Increased | $1,600,000 +966.67% $243/sqft |
09/30/2021 Source: | Price Increased | $150,000 +25.05% $23/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Nov 02, 2026, 02:15PM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
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