1325 Wellesley Drive Se, Albuquerque, NM 87106

Albuquerque
Local realty services provided by:ERA Summit
1325 Wellesley Drive Se,Albuquerque, NM 87106
$4,500,000
  • 2 Beds
  • 3 Baths
  • 28,600 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke, anita maestas
Office: nm apartment advisors, inc.
MLS#:1111973
Source:NM_SWMLS

Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$157.34

About this home

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course.With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR.Portions of the property have an affordable housing component, which may convey with the property.Property offering timeline:- 10/21/2026 - noon - Wednesday - property tour (RSVP for each person required)- 10/22/2026 - noon - Thursday - offer deadline.Qualified investors can RSVP for the tour and access the confidential...

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Home facts

  • Year built:1970
  • Subdivision & Development:Sunport Lodgings Add
  • Listing ID #:1111973
  • Added:1 day(s) ago
  • Updated:October 05, 2026 at 01:47 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:3
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Refrigerator
  • Living area:28,600 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1970
  • Building area:28,600 sq. ft.
  • Lot area:1.53 Acres
  • Construction Materials:Frame
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$157.34
  • Tax amount:$21,241

Features and amenities

  • Appliances:Refrigerator

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