$641,829

3609 Wellesley Drive NE, Albuquerque, NM 87107

8 beds |
4 baths |
4,194 sqft

Multi-Family Home
Built in 1980
8,712sqft lot
—— car garage
$153/sqft
Listed 2 months 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:: May 20, 2026 at 10:18PM
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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