$289,000
2 bds · 2 ba · 1,219 sqft
1709 Walter Street SE, Albuquerque, 87102
1303-1305 Iron Avenue SW
Albuquerque, NM 87102
$275,000
$244/SqFt
1
Bed
1
Bath
1,128
SqFt Home
1
Story
1920
Year Built
7,057
SqFt Lot
Estimated Mortgage
$1,391/mo
Based on $55K down · 6.5% · 30yr
About this property
Both units are tenant occupied. Property tours will be held for pre-qualified buyers only on August 22nd and August 29th from 1-3 pm. Located just minutes from Downtown Albuquerque and Old… Show more
Both units are tenant occupied. Property tours will be held for pre-qualified buyers only on August 22nd and August 29th from 1-3 pm. Located just minutes from Downtown Albuquerque and Old Town, the property is within walking distance of Rio Grande Pool, Rio Grande Park, the ABQ BioPark Zoo and nearby neighborhood amenities. It also offers convenient bicycle access to Downtown, Old Town Plaza and the extensive trail system along the Bosque and Rio Grande.Offered at $275,000, or $137,500 per unit, the property provides an attractive entry point into Albuquerque's multifamily investment market. Current underwriting reflects a 6.19% cap rate, with projected rent growth providing additional upside.The property features two one bedroom/one bathroom units. The extra lot contains 0.1618 acres with alley access and space for additionalbuilding(s).Do not wait, apartments continue to show strong appreciation coupledwith high rent growth potential from all of the new Amazon, Facebook,Intel, and Netflix jobs entering the market.
Property details for 1303-1305 Iron Avenue SW
Interior
Bedrooms Total:
1
Bathrooms Total:
1
Appliances:
Free-Standing Gas Range, Refrigerator
Flooring:
Vinyl
Exterior and lot
Lot Size Acres:
0.16
Lot Size:
7,057 sqft
Building and construction
Property Type:
Residential Income
Property Sub Type:
Duplex
Property Sub Type Additional:
Duplex
Building Area Total:
1,128 sqft
Year Built:
1920
Construction Materials:
Stucco
New Construction:
No
Levels:
One
Number Of Units Total:
2
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1109233
Gross Income:
24000
Listing Terms:
Cash, Conventional, FHA, VA Loan
Number Of Buildings:
2
Operating Expense:
7464
Owner Pays:
Sewer, Trash Collection, Water
Total Actual Rent:
2000
Area and schools
Community Features:
Storage Facilities
City:
Albuquerque
Postal Code:
87102
MLS Area Major:
Downtown Area
Subdivision:
Raynolds Addition
County:
Bernalillo
Parcel Number:
101305734131510703
Utilities
Utilities:
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Heating:
Wall Furnace
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
August 15, 2026
Location
Directions: take Lomas Blvd west towards downtown. Turn left onto 12th Street NW. Continue south past Central Avenue. Tur right onto Iron Ave. SW Continue to 1303 Iron Ave. SW
Estimated Mortgage
$1,391/mo
Based on $55K down · 6.5% · 30yr
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1303-1305 Iron Avenue SW, Albuquerque, NM 87102 listed as MLS #1109233.
This 1 bedroom 1,128 sqft Duplex built in 1920
located in Raynolds Addition, Albuquerque NM 87102.
1303-1305 Iron Avenue SW is listed for $275,000 as MLS #1109233 courtesy of Maestas Real Estate Services Anita Maestas.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from
sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’
personal, non-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
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Connect with a real estate agent today — Call/text (505) 521 8550
About Raynolds Addition
Raynolds Addition is a historic neighborhood just west of downtown Albuquerque, bounded by Central Avenue on the north and Sixth Street on the west, with the alleys behind Coal Avenue and Fourteenth Street closing it on the south and east. P.
Read about Raynolds Addition Community.Connect with a local Raynolds Addition real estate agent
Call/text
(505) 521 8550
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