615 Iron Avenue Sw, Albuquerque, NM 87102

Albuquerque
Local realty services provided by:ERA Summit
615 Iron Avenue Sw,Albuquerque, NM 87102
$1,500,000
  • 12 Beds
  • 12 Baths
  • 6,574 sq. ft.
  • Multi-family
  • Active
Listed by: thomas gallegos
Office: berkshire hathaway nm prop
MLS#:1102929
Source:NM_SWMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$228.17

About this home

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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Home facts

  • Year built:2023
  • Listing ID #:1102929
  • Added:51 day(s) ago
  • Updated:June 25, 2026 at 04:37 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Flooring:Carpet, Concrete, Tile
  • Kitchen Description:Built-In Gas Range
  • Living area:6,574 sq. ft.

Heating and cooling

  • Cooling:Ductless, Refrigerated
  • Heating:Central, Electric, Forced Air

Structure and exterior

  • Year built:2023
  • Building area:6,574 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Frame, Stucco
  • Levels:3 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$228.17
  • Tax amount:$16,575

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