About This Home

This 12-bedroom, 0-bathroom residential multi family at 615 Iron Avenue SW in Albuquerque, NM is listed for $1,500,000. Built in 2023, on a 0.16 acres lot.

Key Features

  • Built in 2023
  • 0.16 acre lot
  • 3 stories

Property Details

3 stories
12 full
2023
Listing 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

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

615 Iron Avenue SW

Albuquerque, NM 87102

Block X Atlantic And Pacific Add

Questions & Answers

This 12-bedroom, 0-bathroom residential multi family at 615 Iron Avenue SW is listed at $1,500,000. The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2023, 0.16 acre lot, 3 stories.

This property is listed by Thomas Gallegos.

TG

Thomas Gallegos

License 45240

Agent at New Mexico Properties/Allstar, REALTORS

Listed by New Mexico Properties/Allstar, REALTORS · Broker phone: (505) 798-6300 · View on Broker Site · Broker website

MLS# 1102929· Source: Southwest MLS· 1849 days on PropertySimple

Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

615 Iron Avenue SW, Albuquerque, NM 87102

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