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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

Highlights

  • Residential Income
  • Multi Family
  • Built in 2023
  • 0.16 Acre Lot
  • 190 days on Market

  • Bedrooms
    12
  • Year Built
    2023
  • Stories
    3.0
  • Construction Materials
    Frame, Stucco
  • Living Area
    6574.0
  • Appliances
    Built-In Gas Range
  • Flooring
    Tile, Carpet, Concrete
  • Cooling
    Ductless
  • Heating
    Forced Air, Electric, Central

  • Acres
    0.16
  • Utilities
    Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected, Underground Utilities

  • Area
    80 - Downtown Area
  • County
    Bernalillo
  • City
    Albuquerque
  • Neighborhood
    Block X Atlantic And Pacific Add
  • Zip Code
    87102

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Frequently Asked Questions

How do I schedule a tour of 615 Iron Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 615 Iron Ave.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 615 Iron Ave?

Click Ask a Question to talk with our team. You already know it is a 12 bed, N/A bath, listed for $1,500,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Albuquerque, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 615 Iron Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 615 Iron Ave at around $9,917. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 615 Iron Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bernalillo County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 615 Iron Ave?

In most cases, yes. Whether 615 Iron Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Albuquerque's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 615 Iron Ave?

We can handle that for you. Our preferred local agent specializes in residential incomes in Albuquerque and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,500,000 with 6,574 sqft of space—that comes out to approximately $228 per square foot.

How long has this property been on the market?

615 Iron Ave was listed on May 05, 2026, which means it's been on the market for 190 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2023, making it approximately 3 years old.

What is the lot size of this property?

615 Iron Ave sits on a 0.16-acre lot, which is 6,970 square feet.

What are the property taxes for 615 Iron Ave?

The most recent public record shows annual property taxes for 615 Iron Ave were approximately $16,575. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 615 Iron Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

Last Updated: November 11, 2026 at 02:50PM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1102929