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3601 Wellesley Drive NE Albuquerque, NM $ 3,015,000
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3601 Wellesley Drive NE
$ 3,015,000
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3601 Wellesley Drive NE

Albuquerque, NM, 87107
$ 3,015,000
Baths1.0 Sq 17,682

Monthly Estimate*

$ 18,810

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Studio

Multi-Family Home for sale in Albuquerque, NM

for $3,015,000 with 1 full bath. This 17,682 square foot home was built in 1981 on a lot size of 0.78.

Located at 3601, 3605 & 3611 Wellesley NE, as well as 3611 Tyson NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one bedroom units and ten two bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price $3,015,000 and of based on the current average rents of $1,157 per month, the property's measures of investment performance include a 8.68 GRM, 7.26% cap rate before reserves, before tax IRR of 16.1% and an after-tax IRR of 12.9%. If rents were raised to market average of $1,324, and even with a potential 3fold increase in property taxes, cap could be 7.74%

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Multi-Family Active

Price

$ 3,015,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 5,752

Style

Lot Size

0.78

Year Built

1981

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1092688
Features
General
Heating Central Forced Air
Cooling Evaporative Cooling
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Refrigerator
Construction Materials Frame Stucco
Year Built 1981
Tenant Pays Other See Remarks
Stories Count 2
Levels Two
Property Subtype Multi Family
Gross Income 334073
Accessibility None
County Bernalillo
New Construction false
Property Type Residential Income
Subdivision Name Indian Mesa
Green Energy Generation None
Status Active
Directions From I-25 and Comanche east to Wellesley south to property. Note three parcels - 3601-3611 Wellesley NE and around the corner at 3611 Tyson NE
City Albuquerque
Disclosures RANM 2100 Disclosure
Zoning Description R-ML*
Number Of Units Total 25
MLS Area 41 - Uptown
Lot Size Square Feet 33977
Listing Terms Conventional
Tax Annual Amount 5752.6
Property Condition Resale
Additional Parcels Y/N true
Builder Name Purvis
Standard Status Active
Year Built Source Public Records
Legal Description Lots L&M Block B Indian Mesa Subd & Lot K1 Indian Mesa & Lot 1 Block 1 Amended Replat of Torr Addn
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Interior
Flooring Carpet Tile Vinyl
Total Stories 3
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 0
Total Baths 1
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Exterior
Number of Buildings 4
Building Area Total 17682
Lot Size Acres 0.78
Lot Size Source Public Records
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* Excluded Features
List By
Todd D Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$19,289
Per Month
98%
2%
0%
Monthly Principal & Interest
$18,810
Monthly Property Taxes
$479
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/9/2025$3,015,000 Listed Price

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3601 Wellesley Drive NE, Albuquerque, NM, 87107 is a Multi-Family Home for sale at $3,015,000 with 17,682 sqft and a lot size of 0.78. 3601 Wellesley Drive NE is a studio with 1.0 baths and was built in 1981. The property's zip code is 87107 which is in Albuquerque, NM

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