1303-1305 Iron Avenue SW, Albuquerque, NM 87102 (MLS # 1109233)
Twitter
Facebook
Email
|
Located just minutes from Downtown Albuquerque and Old Town, the property is within walking distance of Rio Grande Pool, Rio Grande Park, the ABQ BioPark Zoo and nearby neighborhood amenities. It also offers convenient bicycle access to Downtown, Old Town Plaza and the extensive trail system along the Bosque and Rio Grande.Offered at $275,000, or $137,500 per unit, the property provides an attractive entry point into Albuquerque's multifamily investment market. Current underwriting reflects a 6.19% cap rate, with projected rent growth providing additional upside.The property features two one bedroom/one bathroom units. The extra lot contains 0.1618 acres with alley access and space for additionalbuilding(s).Do not wait, apartments continue to show strong appreciation coupledwith high rent growth potential from all of the new Amazon, Facebook,Intel, and Netflix jobs entering the market.
| DAYS ON MARKET | 15 | LAST UPDATED | 8/15/2026 |
|---|---|---|---|
| TRACT | Raynolds Addition | YEAR BUILT | 1920 |
| COMMUNITY | 80 - Downtown Area | COUNTY | Bernalillo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Free-Standing Gas Range, Refrigerator |
|---|---|
| AREA | 80 - Downtown Area |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 6970 sq ft |
| STORIES | 1 |
| SUBDIVISION | Raynolds Addition |
| TAXES | 2648.72 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| ZONING | R-ML* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with Maestas Real Estate Services
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2026.
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Jason
Dencklau to contact you even if your name is on a Federal or State
"Do not call List".