$1,500,000

$228/sqftactive

615 Iron Avenue SW, Albuquerque, NM 87102

77 days on market

Beds

Baths

Sqft

6,574

Lot

7,100 sqft

Built

2023

Type

multi family

About This Property

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

Features & Amenities

Built In Gas Range

Carpet Flooring

Concrete Flooring

Tile Flooring

3 Stories

Subdivision: Block X Atlantic And Pacific Add

Property Details

MLS #	1102929
Property Type	multi family
Year Built	2023
Heating	Central,Electric,ForcedAir
Cooling	Ductless,Refrigerated
Lot Size	7,100 sqft
Property Tax (est.)	$16,575/yr ($1,381/mo)
Price / Sqft	$228
Status	Active
Days on Market	77

About Downtown / EDo → Full Guide

Price vs. Neighborhood

This home

$1,500,000

Downtown / EDo median

$335,000

348% above the Downtown / EDo median. Homes here sell in an average of 40 days.

Commute Times

Unm

8 min

Downtown

0 min

Abq Studios

18 min

Sandia Labs

20 min

Kirtland Afb

15 min

Presbyterian

5 min

Intel Rio Rancho

30 min

Nearby Schools

Albuquerque High School

9-12 · APS

5/10

Longfellow Elementary

K-5 · APS

4/10

Washington Middle School

6-8 · APS

4/10

Neighborhood Guide

Explore Downtown / EDo

Urban & Revitalizing

Listing courtesy of Berkshire Hathaway NM Prop. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.