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615 Iron Avenue Sw, 
Albuquerque, NM 87102

$1,500,000

12

Beds

12

Baths

6,574

Sq Ft

Multi-Family

Active

Listed by

Thomas Gallegos

Berkshire Hathaway Nm Prop

505-798-6300

Last updated:

May 5, 2026, 10:46 PM

MLS#

1102929

Source:

NM SWMLS

About This Home

615 Iron Avenue Sw

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

Home Facts

Multi-Family

12 Baths

12 Bedrooms

Built in 2023

Price Summary

1,500,000

$228 per Sq. Ft.

MLS #:

1102929

Last Updated:

May 5, 2026, 10:46 PM

Added:

4 year(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

12

Interior

Living Area:

6,574 Sq. Ft.

Structure

Structure

Building Area:

6,574 Sq. Ft.

Year Built:

2023

Lot

Lot Size (Sq. Ft):

6,969

Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$228 per Sq. Ft.

Source:NM SWMLS
The information being provided by Greater Albuquerque Aor/Southwest Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Albuquerque Aor/Southwest Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.