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3609 Wellesley Drive NE Albuquerque, NM $ 641,829
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3609 Wellesley Drive NE
$ 641,829
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3609 Wellesley Drive NE

Albuquerque, NM, 87107
$ 641,829
Bedrooms2 Baths1.0 Sq 4,194

Monthly Estimate*

$ 3,952

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Multi-Family Home for sale in Albuquerque, NM

for $641,829 with 2 bedrooms and 1 full bath. This 4,194 square foot home was built in 1980 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 641,829

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 3,523

Style

Lot Size

0.2

Year Built

1980

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1099281
Features
General
Heating Central
Cooling Evaporative Cooling
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Refrigerator
Construction Materials Frame
Year Built 1980
Tenant Pays Other See Remarks
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 61312
Accessibility None
County Bernalillo
Operating Expense 25559
New Construction false
Property Type Residential Income
Subdivision Name Indian Mesa
Green Energy Generation None
Status Active
Directions From I-25 and Comanche est to Wellesley and south to property
City Albuquerque
Disclosures RANM 2100 Disclosure
Zoning Description R-ML*
Number Of Units Total 4
MLS Area 41 - Uptown
Lot Size Square Feet 8638
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 3523.34
Property Condition Resale
Additional Parcels Y/N true
Virtual Tour http://www.nmapartment.com/well3601b3d http://www.nmapartment.com/well3601b3d
Builder Name Unknown
Standard Status Active
Year Built Source Public Records
Property Sub Type Additional Quadruplex
Legal Description Lot K1 Block 5 IndianAcres
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Interior
Flooring Carpet Vinyl
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 2
Total Baths 1
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Exterior
Total Parking 6
Number of Buildings 1
Building Area Total 4194
Lot Size Acres 0.2
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

$4,245
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,952
Monthly Property Taxes
$294
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/5/2026$641,829 Listed Price

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3609 Wellesley Drive NE, Albuquerque, NM, 87107 is a Multi-Family Home for sale at $641,829 with 4,194 sqft and a lot size of 0.2. 3609 Wellesley Drive NE has 2 bedrooms, 1.0 baths, and was built in 1980. The property's zip code is 87107 which is in Albuquerque, NM

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