$275,000

$244/sqftactive

1303-1305 Iron Avenue SW, Albuquerque, NM 87102

0 days on market

Beds

Baths

Sqft

1,128

Lot

7,057 sqft

Built

1920

Type

multi family

About This Property

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 & Amenities

Free Standing Gas Range

Refrigerator

Vinyl Flooring

Subdivision: Raynolds Addition

Property Details

MLS #	1109233
Property Type	multi family
Year Built	1920
Heating	WallFurnace
Lot Size	7,057 sqft
Property Tax (est.)	$2,649/yr ($221/mo)
Price / Sqft	$244
Status	Active
Days on Market	0

About Downtown / EDo → Full Guide

Price vs. Neighborhood

This home

$275,000

Downtown / EDo median

$335,000

18% below the Downtown / EDo median. Homes here sell in an average of 41 days.

Commute Times

Unm

8 min

Downtown

0 min

Abq Studios

18 min

Sandia Labs

20 min

Kirtland Afb

15 min

Presbyterian

5 min

Intel Rio Rancho

30 min

Nearby Schools

Albuquerque High School

9-12 · APS

5/10

Longfellow Elementary

K-5 · APS

4/10

Washington Middle School

6-8 · APS

4/10

Neighborhood Guide

Explore Downtown / EDo

Urban & Revitalizing

Listing courtesy of Maestas Real Estate Services. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.