3609 Wellesley Drive Ne, Albuquerque, NM 87107

Albuquerque
Local realty services provided by:ERA Summit
3609 Wellesley Drive Ne,Albuquerque, NM 87107
$550,000
Virtual Tour
  • 8 Beds
  • 4 Baths
  • 4,194 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke
Office: nm apartment advisors, inc.
MLS#:1099281
Source:NM_SWMLS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$131.14

About this home

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 $550,000 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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Home facts

  • Year built:1980
  • Subdivision & Development:Indian Mesa
  • Listing ID #:1099281
  • Added:147 day(s) ago
  • Updated:July 28, 2026 at 08:47 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Flooring:Carpet, Vinyl
  • Kitchen Description:Refrigerator
  • Living area:4,194 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Central

Structure and exterior

  • Year built:1980
  • Building area:4,194 sq. ft.
  • Lot area:0.2 Acres
  • Construction Materials:Frame
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$131.14
  • Tax amount:$3,523

Features and amenities

  • Appliances:Refrigerator

Parking

  • Total parking spaces:6

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