$1,190,000
Listed on Jun 20, 2026
14 bds · 14 ba · 6,408 sqft
613 Mesilla Street SE, Albuquerque, 87108
615 Iron Avenue SW
Albuquerque, NM 87102
$1,500,000
$228/SqFt
12
Beds
12
Baths
6,574
SqFt Home
3
Stories
2023
Year Built
7,100
SqFt Lot
About this property
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… Show more
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
Property details for 615 Iron Avenue SW
Interior
Bedrooms Total:
12
Bathrooms Total:
12
Appliances:
Built-In Gas Range
Flooring:
Carpet, Concrete, Tile
Exterior and lot
Lot Size Acres:
0.16
Lot Size:
7,100 sqft
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
6,574 sqft
Year Built:
2023
Construction Materials:
Frame, Stucco
New Construction:
No
Builder Name:
Sierra Hacienda Builders
Levels:
Three Or More
Number Of Units Total:
6
Stories:
3
Property Condition:
Resale
Provisional
MLS #:
1102929
Gross Income:
144495
Listing Terms:
Cash, Conventional
Number Of Buildings:
1
Owner Pays:
Common Area Maintenance
Tenant Pays:
Electricity, Gas, Sewer, Trash Collection, Water
Total Actual Rent:
13200
Area and schools
Community Features:
Deck/Porch
City:
Albuquerque
Postal Code:
87102
MLS Area Major:
Downtown Area
Subdivision:
Block X Atlantic And Pacific Add
County:
Bernalillo
Parcel Number:
101405705927520204
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Cooling:
Ductless, Refrigerated
Heating:
Central, Electric, Forced Air
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
May 5, 2026
Location
Directions: South on 8th St. from Central, East on Iron to property.
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1711 Park Avenue SW, Albuquerque, 87104
615 Iron Avenue SW Albuquerque, NM 87102 listed as MLS #1102929.
This 12 bedroom 6,574 sqft Multi Family built in 2023
located in Block X Atlantic And Pacific Add, Albuquerque NM 87102.
615 Iron Avenue SW is listed for $1,500,000 as MLS #1102929 courtesy of Berkshire Hathaway NM Prop Thomas Gallegos.
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.
Searches related to 615 Iron Avenue SW, Albuquerque, NM 87102
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Estimated Mortgage
$7,585/mo
Based on $300K down · 6.5% · 30yr