About 1303-1305 Iron Avenue Sw
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 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.
Features of 1303-1305 Iron Avenue Sw
| MLS® # | 1109233 |
|---|---|
| Price | $275,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 1,128 |
| Acres | 0.16 |
| Year Built | 1920 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 1303-1305 Iron Avenue Sw |
|---|---|
| Area | 80 - Downtown Area |
| Subdivision | Raynolds Addition |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87102 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Features | Storage Facilities |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl |
|---|---|
| Appliances | Free-Standing Gas Range, Refrigerator |
| Heating | Wall Furnace |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Construction | Stucco |
|---|
Additional Information
| Date Listed | August 15th, 2026 |
|---|---|
| Days on Market | 40 |
| RE / Bank Owned | No |
Listing Details
| Office | Maestas Real Estate Services |
|---|
Listing Map
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