Albuquerque NM Multi Family for Sale
- Type:
- Other
- Sq.Ft.:
- 2,688
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1976
- Baths:
- MLS#:
- 1074103
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Courtesy: Keller Williams Realty
505-271-8200
505-610-3269
ADDITIONAL INFORMATION
Turn key rental until 7/26 thereafter could be SFR or continue to rent. 5 bedrooms 3 baths, backyard access. New roof 2024, new water heater, newer appliances. Lease is currently in place until 7/2026. Rental is $2700/month, tenants pay all utilities. Please do not approach tenants.
- Type:
- Other
- Sq.Ft.:
- 2,999
- Status:
- Active
- Beds:
- 1
- Lot size:
- 0.15 Acres
- Year built:
- 1906
- Baths:
- 1.00
- MLS#:
- 1073111
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Courtesy: Equity New Mexico
505-271-2228
505-239-6927
ADDITIONAL INFORMATION
Step into an early 1900s farmhouse, perfectly blending historic charm with modern convenience in Albuquerque's vibrant Wells Park neighborhood. This property is designed for cash flow with two fully updated, separate living units--each featuring contemporary finishes, gleaming wood floors, upgraded systems (roof, plumbing, HVAC, electrical), and double-hung windows that preserve its character. The main level includes an office space and renovated basement, offering flexible options for small businesses, all within the unique MX-T zone's character protection overlay (CPO#12).Ideal for investors, the property includes three fully furnished apartments--consistently rented over the past four years for reliable income--along with ample gated parking, RV access, and a lighted patio area.
- Type:
- Triplex
- Sq.Ft.:
- 3,619
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.13 Acres
- Year built:
- 1946
- Baths:
- 2.00
- MLS#:
- 1067520
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Courtesy: Realty One of New Mexico
505-883-9400
505-274-2908
ADDITIONAL INFORMATION
This property is brimming with opportunity! Construction has already begun, making this a fantastic project for the savvy investor looking to add value. The main unit offers a spacious layout with the potential for 3-4 bedrooms, a kitchen, two living areas, and a basement, ready for your vision. Unit B features the potential for 1-2 bedrooms, 1 kitchen, 1 living area, and 1 bathroom - perfect for creating a cozy living space. Unit C is an efficient 1-bedroom, 1-living room, 1-kitchen setup, ideal for a rental unit or in-law suite.While the property requires some work, it's priced to reflect the needed updates and offers plenty of room to build equity. Whether you're looking to flip, rent, or create a multi-unit investment, this is the perfect project to unlock its full potential!
$1,600,000
615 Iron Avenue Albuquerque, NM 87102
- Type:
- Multi-Family
- Sq.Ft.:
- 6,148
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.16 Acres
- Baths:
- 2.00
- MLS#:
- 1003217
View additional info
Courtesy: Berkshire Hathaway NM Prop
505-798-6300
505-261-8687
ADDITIONAL INFORMATION
NOW COMPLETE!!! CAP Rate 7.5% Sound Investment Opportunity. 3 Story Units with Luxury Amenities and Design. 2 bedroom 2 baths constructed by experienced, Sierra Hacienda Builders. See renderings.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service Inc., a wholly owned subsidiary of the Greater Albuquerque Association of REALTORS®, Inc. 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. Copyright 2025 Southwest Multiple Listing Service, Inc.
Albuquerque Real Estate
The median home value in Albuquerque, NM is $308,100. This is higher than the county median home value of $297,600. The national median home value is $338,100. The average price of homes sold in Albuquerque, NM is $308,100. Approximately 56.14% of Albuquerque homes are owned, compared to 37.24% rented, while 6.62% are vacant. Albuquerque real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Albuquerque real estate agent to arrange a tour today!
Albuquerque, New Mexico 87102 has a population of 562,336. Albuquerque 87102 is more family-centric than the surrounding county with 26.99% of the households containing married families with children. The county average for households married with children is 25.49%.
The median household income in Albuquerque, New Mexico 87102 is $56,366. The median household income for the surrounding county is $56,920 compared to the national median of $69,021. The median age of people living in Albuquerque 87102 is 37.5 years.
Albuquerque Weather
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 23.5 degrees. The average rainfall is approximately 11.1 inches per year, with 10.6 inches of snow per year.