313-315 Iron Ave SW

313-315 Iron Ave. SW Albuquerque, NM 87102

313-315 Iron Ave. SW, Albuquerque, NM, 87102
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,000,000
Last Verified:
Dec 04, 2025

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Highlights

  • Great downtown location
  • Amazing patio/outdoor area
  • Functional building layouts
  • Buildings are in good condition
  • Strong market for multifamily properties

Description

Explore an exceptional investment opportunity at this 6,542 SF building on 313-315 Iron Ave. SW. With 9 units and 100% occupancy, this property offers a highly desirable multifamily investment in the vibrant Albuquerque market. The functional building layouts, along with the MX-L zoning, present a strong potential for a low-rise/garden-style property transformation. Situated in a good downtown location, this property is well-positioned to leverage the strong market for multifamily properties in the area. With the buildings in fair condition, investors have the opportunity to enhance and unlock the full potential of this prime real estate asset.

Discover the culturally rich neighborhood surrounding 313-315 Iron Ave SW in Albuquerque, NM. This central location offers easy access to popular destinations such as the Historic Old Town, home to charming adobe buildings, local shops, and lively restaurants. Investors will appreciate the area's proximity to top cultural attractions, including the Albuquerque Museum and the Rio Grande Zoo. The property's strategic position near the downtown area provides residents with a dynamic urban lifestyle, with numerous dining, entertainment, and employment opportunities just steps away. With its mix of historic charm and modern amenities, the area presents an exciting opportunity for multifamily and high-rise investors seeking to leverage the city's unique appeal.

Building Size: 6542sq ft
Lot Size: 0.24 acres


Documents

313-315 Iron - Brochure

Map of 313-315 Iron Ave. SW, Albuquerque, NM, 87102

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.