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About This Home
This 12-bedroom, 12-bathroom residential multi family at 615 Iron Avenue SW in Albuquerque, NM is listed for $1,575,000 ($256 per sqft). the home offers 6,148 sqft of living space on a 0.16 acres lot.
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
Key Features
- 0.16 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$8,423/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
615 Iron Avenue SW
Albuquerque, NM 87102
Property Details
Flooring
Construction
Heating
Appliances
Questions & Answers
This 12-bedroom, 12-bathroom residential multi family at 615 Iron Avenue SW is listed at $1,575,000 ($256/sqft). The estimated monthly payment is $6,825 based on 20% down at 6.5% interest.
Key features include: 0.16 acre lot, 3 stories.
This property is listed by Thomas Gallegos and can be reached at 5052618687 or tgallegos505@gmail.com.