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Newer Construction 3 Level Apts

615-615 Iron Ave SW Albuquerque, NM 87102

1 / 67

Overview

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.

Attachments

For Sale

Multifamily

Secondary Uses: Townhouse

Sale Price
$1,600,000
Price Per SF
$266/SF
Building Size
6,016 SF
Acres
0.163 ac
Number of Buildings
1
Floors
3
Year Built
2023
Parking Ratio
11 / 1,000
Submarket
Downtown
Property Status
Existing
Power Provider
City - PNM
Water Provider
City - ABCWUA
County
Bernalillo
Created
2022-08-07
Updated
2025-10-13
Listing ID
370644f4
Parcel APN
101405705927520204

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