3609 Wellesley Drive NE Albuquerque, NM 87107
- Added:
- Mar 5, 2026
- Days on Market:
- 27
- Last Refresh:
- Apr 1 at 3:06 am
Property Features for 3609 Wellesley Drive NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5
- Parking
- 6
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101606042121740805
- Size
- 4,194 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- TaxDescription
- Lot K1, Block 5, IndianAcres
- TaxAnnualAmount
- 3523
Utilities
- Heating system
- Central
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Frame
Listing agent Todd D Clarke License #13711 (505) 440-8633
Listing office NM Apartment Advisors, Inc. 524 Central Ave. SW Suite 801, Albuquerque, NM (505) 440-8633
Listing date Mar 5, 2026
MLS# 1099281
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Albuquerque Fourplex with Laundry
Located at 3609 Wellesley NE in Albuquerque, this fourplex features large, town house style, two-bedroom, one-bathroom units, each equipped with in-unit laundry. The property offers investment potential with current average rents of $1,324 per month. At the asking price of $641,829, investment performance measures include a 10.10 GRM and a 5.73% cap rate before reserves, along with a before-tax IRR of 20.0% and an after-tax IRR of 16.2%. The property size is 4,194 square feet on a lot of 0.2 acres. Should rents increase to the market average of $1,466, the investment performance could improve to a 5.93% cap rate, even with a potential two-fold increase in property taxes, which is not likely to occur until 2027-2028. This property is located in Bernalillo County.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.607654
- Latitude
- 35.122523
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex with two-bedroom units and in-unit laundry.
Where is this quadplex located?
The property is located at 3609 Wellesley Drive NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $641,829.
What are key features of this property?
This property features: Strong investment performance: 5.73% cap rate, 20.0% before‑tax IRR, and 16.2% after‑tax IRR.; Townhouse‑style units: Large two‑bedroom units offer desirable living space.; In‑unit laundry provides convenience.
