615 Iron Avenue SW, Albuquerque, NM 87102
Block X Atlantic And Pacific Add · Bernalillo County
Key Facts
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
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
2023
Stories
3
Living Area
6,574 sq ft
Lot Size
0.16 acres
Days on Market
77
MLS® Listing#
1102929
Property Features
Appliances
Cooling
Heating
Flooring
Construction
Utilities
Financial Details
Annual Taxes
$16,575
Parcel Number
101405705927520204
Directions
South on 8th St. from Central, East on Iron to property.
Affordability Calculator
$300,000
Estimated monthly payment
$7,984/mo
Principal $1,200,000 · Est. interest $1,674,107 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Albuquerque, NM
- $404,800
- Median Listing Price
- 45
- Median Days on Market
- 1,924
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 1,274
- Active Listings
- This home’s price is 271% above the area median.
- Its price per sq ft is 3% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Albuquerque, NM.
Location
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Points of Interest in Albuquerque, NM
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1508 Edith Boulevard NE, Albuquerque, NM | $1,375,000 | 11 | 8 | 5,304 |
| 613 Mesilla Street SE, Albuquerque, NM | $1,397,298 | 14 | 14 | 6,408 |
Moving Cost Estimate
EXIT Agents in Albuquerque
Listing Courtesy: Berkshire Hathaway NM Prop - 5057986300