$641,829

3609 Wellesley Drive NE, Albuquerque, NM 87107

  • 8 beds |
  • 4 baths |
  • 4,194 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $153/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Located at 3609 Wellesley NE, this fourplex has large, town house style, two bedroom, one bathroom units with in unit laundry.At the ask price $641,829 and of based on the current average rents of $1,324 per month, the property's measures of investment performance include a 10,10 GRM, 5.73% cap rate before reserves, before tax IRR of 20.0% and an after-tax IRR of 16.2%. If rents were raised to market average of $1,466, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 5.93% cap rate.

Listing Status:
Active
Date Added:
March 5, 2026
Data Last Updated:
April 4, 2026 at 2:17PM
Listing Office:
NM Apartment Advisors, Inc. : (505) 440-8633
Listing Agent:
Todd D Clarke : (505) 440-8633
MLS ID:
1099281
  • Appliances: Refrigerator
  • Flooring: CarpetVinyl
  • A/C: Evaporative Cooling
  • Heating: Central
  • Disability Feature: None
  • Eco/Green Feature: None
  • Parking: Parking spaces: 6
  • General: Frame2
  • Originating MLS: SWMLS_SWMLS
  • County: Bernalillo
  • Zoning: Lot K1Block 5IndianAcres101606042121740805
  • Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: SWMLS_SWMLS

This listing courtesy of Todd D Clarke , NM Apartment Advisors, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hodgin Elementary School

3801 Morningside Dr NE, Albuquerque, NM, 87110

Grades PK-5

0.46 miles away

M

McKinley Middle School

4500 Comanche Rd NE, Albuquerque, NM, 87110

Grades 6-8

0.75 miles away

D

Del Norte High School

5323 Montgomery Blvd NE, Albuquerque, NM, 87109

Grades 9-12

1.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.