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1303-1305 Iron Avenue SW
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1303-1305 Iron Avenue SW
1303-1305 Iron Avenue SW
1303-1305 Iron Avenue SW
1303-1305 Iron Avenue SW
1303-1305 Iron Avenue SW
1303-1305 Iron Avenue SW
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1303-1305 Iron Avenue SW

Albuquerque, NM 87102

$275,000
1 bd • 1 ba • 1,128 sqft • 0.16 acres
1 Story
Stories
$244
Per SQFT
1920
Year Built
08/15/2026
Listing Date
1109233
Listing #
87102
Zip Code

About This Property

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.

Interior

Bathrooms Total: 1
Appliances: Free-Standing Gas Range, Refrigerator
Flooring: Vinyl

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
Levels: One
Number Of Units Total: 2
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16
Lot Size Square Feet: 7,057 sqft

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

Location

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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

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Listing courtesy of Maestas Real Estate Services
Southwest MLS Logo 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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550