# 615 Iron Avenue SW, Albuquerque, NM 87102

> **TL;DR:** 12bd/12ba residential multi family, $1,575,000 ($256/sqft), 6,148 sqft.
> A/C. Est. $6,825/mo. Listed 1646 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,575,000 |
| Price/sqft | $256 |
| Bedrooms | 12 |
| Bathrooms | 12 full |
| Square Feet | 6,148 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1646 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,825 |
| **Total** | **$6,825** |

## Key Amenities

- A/C

## Property Highlights

- 0.16 acre lot
- 3 stories

## Description

### Agent Description
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

## Location

- **Address:** 615 Iron Avenue SW, Albuquerque, NM 87102
- **County:** Bernalillo
- **Coordinates:** 35.08028, -106.655292
- **Google Maps:** https://www.google.com/maps?q=35.08028,-106.655292

## Listing Agent

- **Name:** Thomas Gallegos
- **Brokerage:** Berkshire Hathaway NM Prop
- **Phone:** 5052618687
- **Email:** tgallegos505@gmail.com

## Primary Photo

![615 Iron Avenue SW - Primary Photo](http://lh.rdcpix.com/253c60fd9da9d2065f3fd2aad70e5f96l-f122279168r.jpg)

*73 total photos available on [listing page](https://www.propertysimple.com/listing/615-iron-avenue-sw-albuquerque-nm-87102-1003217)*

---

**MLS#:** 1003217 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/615-iron-avenue-sw-albuquerque-nm-87102-1003217)

---

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