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1111 Iron Ave SW, Albuquerque, NM, 87102

2beds
2baths
1,492sqft
$449,900
$302price/sqft
$2,858/moest. monthly cost
$114,320/yrincome needed

About This Home

(EXTREMELY MOTIVATED SELLER! BRING ALL OFFERS TODAY!!) Stylish and modern two BR, 2.5 BA single-family adobe home with 14 92 ft. in a rapidly revitalizing downtown community. This move-in ready home has been fully remodeled with new low E windows, flooring, aquaPEX plumbing tankless water heater Mini splits system units in every room, updated electrical and granite countertop! ****Optional 3rd bedroom conversion available and can be completed by the seller- a licensed contractor.*******Enjoy private outdoor living area, large front yard with ample parking and a detached garage/studio! Prime location, near dining entertainment, one block from the zoo and heartbeat of downtown Albuquerque! SELLER WILL ENTERTAIN EQUITY TRADES

Getting Around

76
WalkingVery Walkable
43
TransitSome Transit
97
BikeBiker's Paradise

Schools

4/10
Washington Middle SchoolGrades 6-80.4 mi
3/10
Albuquerque High SchoolGrades 9-121.9 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1916

Materials

  • Roof: Pitched,Shingle
  • Construction materials: Adobe,Brick,Brick Veneer,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Washer
  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Ceiling Fan(s),Main Level Primary
  • Window features: Low-Emissivity Windows
  • Flooring: Carpet Free,Wood
  • Fireplace features: Custom,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Ductless
  • Cooling features: Ductless

Interior Area

  • Total structure area: 1,492
  • Total interior livable area: 1,492 sqft

Kitchen

  • Level: Main
  • Area: 156

Living Room

  • Level: Main
  • Area: 168

Primary Bedroom

  • Level: Main
  • Area: 132

Property

Details

  • Parcel number: 101305739730610902
  • Zoning description: R-ML*

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Private Entrance
  • Fencing: Back Yard

Lot

  • Lot size: 6,969 sqft
  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Detached,Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Winter Weather
Hail
Heat Wave
Lightning

FEMA Declared Disasters in Bernalillo County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,274$27,288
Home Insurance *$118$1,416
Property Taxes $318$3,816
Electricity $148$1,780
Total$2,858$34,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$97,988/yr
40% on housing$85,740/yr
45% on housing$76,213/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$302This listing

vs Other Active Listings

Avg $/sqft

ZIP 87102$158
Bernalillo County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 87102
Bernalillo County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-28Price change$495,000
2026-03-03Price change$499,000
2026-02-07Listed for sale$524,900
2021-12-24Listing removed--
2021-12-09Listed for sale$199,500
2019-03-07Sold--
2019-02-23Pending sale$144,000
2019-02-21Price change$144,000
2019-02-15Price change$154,000
2019-01-31Price change$159,900
2019-01-12Listed for sale$165,000
2015-05-15Sold--
2015-03-16Listed for sale$114,963
2015-02-10Listing removed$114,963
2014-11-17Listed for sale$114,963

For Sale by Agent

AgentKayla D Johnson
BrokerageNew Mexico Real Estate Solutions

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