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    615 Iron Ave SW Albuquerque, NM 87102

    For Sale
    $1,600,000

    MULTI_FAMILY - Albuquerque, NM

    Property size:
    6,148 SF
    Lot size:
    0.16 Acres
    Days on Market:
    21
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 615 Iron Ave SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 6, Bathroom 7, Bathroom 1, Bedroom 1, Bathroom 10, Bathroom 5, Bathroom 12, Bathroom 8, Bathroom 11, Bathroom 2, Bathroom 4, Bathroom 9, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    101405705927520204
    Appliances
    BuiltInGasOven, BuiltInGasRange
    Size
    6,148 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Electric (Heating), Central, Forced Air

    Building Details

    Floors in Building
    3
    Number of units
    6
    Flooring type
    Concrete, Tile, Carpet
    Building materials
    Frame, Stucco

    New Mexico Properties/Allstar, REALTORS (505) 798-6300 [email protected]

    Listing agent Thomas Gallegos (505) 261-8687 License #45240

    Listing date Nov 25, 2025

    MLS# 1003217 Listing URL

    Copyright © 2025 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.

    Overview

    Modern Albuquerque Multifamily Investment

    This modern 6-unit building in Albuquerque, New Mexico, presents an investment opportunity. Constructed approximately two years ago, the property showcases quality craftsmanship. Each unit features contemporary finishes and efficient layouts. Currently operated as successful Airbnb rentals, the property offers income potential and immediate cash flow. The building's newer construction minimizes maintenance costs while maximizing long-term value. The property size is 6148 square feet, situated on a lot of 0.16 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.655292
    Latitude
    35.08028

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    FAQs

    What type of property is this?
    Apartment building - Newer 6-unit building, strong income potential, and immediate cash flow.
    Where is this apartment building located?
    The property is located at 615 Iron Ave SW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - High-performing, turnkey investment property with proven Airbnb income.; - Newer construction (2 years old) minimizing maintenance and maximizing long-term value.; - Six modern units with contemporary finishes and efficient layouts.
    (505) 261-8687
    Request Owner's contact information
    615 Iron Ave SW Albuquerque, NM 87102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    615 Iron Ave SW Albuquerque, NM 87102
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