1303-1305 Iron Avenue Sw, Albuquerque, NM 87102

Albuquerque
Local realty services provided by:ERA Sellers & Buyers Real Estate
1303-1305 Iron Avenue Sw,Albuquerque, NM 87102
$275,000
  • 1 Beds
  • 1 Baths
  • 1,128 sq. ft.
  • Multi-family
  • Active
Listed by: anita maestas, todd d clarke
Office: maestas real estate services
MLS#:1109233
Source:NM_SWMLS

Price summary

  • Price:$275,000
  • Price per sq. ft.:$243.79

About this home

Located just minutes from Downtown Albuquerque and Old Town, the property is within walking distance of Rio Grande Pool, Rio Grande Park, the ABQ BioPark Zoo and nearby neighborhood amenities. It also offers convenient bicycle access to Downtown, Old Town Plaza and the extensive trail system along the Bosque and Rio Grande.Offered at $275,000, or $137,500 per unit, the property provides an attractive entry point into Albuquerque's multifamily investment market. Current underwriting reflects a 6.19% cap rate, with projected rent growth providing additional upside.The property features two one bedroom/one bathroom units. The extra lot contains 0.1618 acres with alley access and space for additionalbuilding(s).Do not wait, apartments continue to show strong appreciation coupledwith high rent growth potential from all of the new Amazon, Facebook,Intel, and Netflix jobs entering the market.

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Home facts

  • Year built:1920
  • Subdivision & Development:Raynolds Addition
  • Listing ID #:1109233
  • Added:1 day(s) ago
  • Updated:August 16, 2026 at 01:41 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Flooring:Vinyl
  • Kitchen Description:Free Standing Gas Range, Refrigerator
  • Living area:1,128 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1920
  • Building area:1,128 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Stucco
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$275,000
  • Price per sq. ft.:$243.79
  • Tax amount:$2,649

Features and amenities

  • Appliances:Free Standing Gas Range, Refrigerator

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