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4-Unit Quadplex with Newer Systems
For Sale
$510,000

3501 Wellesley Dr Ne, Albuquerque, NM 87107

Fully rented property with updated windows, roofing, and air-conditioning units across a balanced upper- and lower-level layout.

Property SizeContact for details
Days on Market416

Property Features for 3501 Wellesley Dr Ne

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4
Listing Agency: RE MAX Exclusive
Listed By: Amy M. Ruiz · License #39257
Source: Exprealty
Added: Jul 10, 2025 Changed: Aug 29 Last Checked: Aug 29 at 6:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE MAX Exclusive

Investment Insights

Based on property information with market context.

Located at 3501 Wellesley Dr NE in Albuquerque, this quadplex contains four residential units arranged as two upper-level units and two lower-level units. Each unit includes two bedrooms and one bathroom, creating a consistent configuration throughout the property.

The units are fully rented and feature newer windows, a newer roof, and newer A/C units. The uniform floor plans and separate upper- and lower-level arrangement provide a straightforward physical layout for the existing residential income property.

Key Highlights

  • Four‑unit quadplex with all units fully rented
  • Each unit has 2 bedrooms and 1 bathroom
  • Two upper‑level units and two lower‑level units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Bakery Catering Service (Bike/Boat/Book/etc) Store Locksmith Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,335
Businesses Nearby

Demographics for 87107, NM

30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully rented property with updated windows, roofing, and air-conditioning units across a balanced upper- and lower-level layout.
Where is this quadplex located?
The property is located at 3501 Wellesley Dr Ne Albuquerque, NM.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units fully rented; Each unit has 2 bedrooms and 1 bathroom; Two upper‑level units and two lower‑level units
More about this property
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