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$275,000
$1,400Reward *
1303-1305 Iron Avenue SW, Albuquerque, NM 87102Listing ID 1109233

1303-1305 Iron Avenue SW, Albuquerque, NM 87102

Active
Raynolds Addition
Time on site: 2 days • Last updated: 1 hour ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Duplex
Square Feet
Square Feet
1,128
Acres
Acres
0.16
Days on Site
Days on Site
2
Heating
Heating
Wall Unit
Year Built
Year Built
1920
Parking
Parking
1.5 Spaces Per Unit

Both units are tenant occupied. Property tours will be held for pre-qualified buyers only on August 22nd and August 29th from 1-3 pm. 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 additional building(s). Do not wait, apartments continue to show strong appreciation coupled with high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market.

Property Information

Property Details

Location

Address
1303-1305 Iron Avenue SW
County
Bernalillo
City
Albuquerque
Zip Code
87102
Subdivision
Raynolds Addition
MLS Area
80 - Downtown Area

Interior Features

Heating and Cooling

Heating
Wall Unit

Building

Building Information

Square Feet
1,128
Year Built
1920
Construction
Stucco
Roof
Shingle

Property Taxes

Tax Annual Amount
$2,649
Maestas Real Estate Services, (505) 463-3565

Market Report for 87102

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Southwest Multiple Listing Service, Inc. (SWMLS)
Southwest Multiple Listing Service, Inc. (SWMLS) logo

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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

anitam • clarkeda