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313-315 Iron Ave SW Albuquerque, NM 87102

For Sale
$1,000,000

5,603 SF building with 9 units and 100% occupancy.

Property size:
5,603 SF

Property Features for 313-315 Iron Ave SW

General Information

Size
5,603 SF

Source: Kelly Schmidt, SIOR, MICP Agent Kelly Schmidt, SIOR, MICP

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Investment in Albuquerque

This 5,603 SF building located at 313-315 Iron Ave. SW offers an investment opportunity with 9 units and 100% occupancy. The property is situated in a downtown location within Albuquerque, NM. The building layouts are functional, and the MX-L zoning presents potential for a low-rise or garden-style property transformation. The surrounding neighborhood offers access to the Historic Old Town, local shops, and restaurants, as well as cultural attractions like the Albuquerque Museum and the Rio Grande Zoo. Its position near the downtown area provides residents with access to dining, entertainment, and employment opportunities. The property has a patio and outdoor area. The buildings are in fair condition, presenting investors with the opportunity to enhance the real estate asset.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Sandoval
State
New Mexico
Longitude
-106.6518681
Latitude
35.0796995

FAQs

What type of property is this?
Apartment building - 5,603 SF building with 9 units and 100% occupancy.
Where is this apartment building located?
The property is located at 313-315 Iron Ave SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: - 100% Occupancy: Provides immediate and consistent rental income.; - Prime Downtown Location: Offers convenient access to dining, entertainment, and employment opportunities.; - Strong Multifamily Market: Situated in Albuquerque, a market with high demand for multifamily properties.
More about this property
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