21-Unit Apartment
For Sale
$2,445,000
3601 Wellesley Drive NE, Albuquerque, NM 87107
Residential Income, Albuquerque, NM
Property SizeContact for details
Lot Size0.78 Acres
Days on Market391
Property Features for 3601 Wellesley Drive NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-ML*
Bedrooms
9
Full bathrooms
9
Rooms
Bedroom 4, Bathroom 6, Bathroom 7, Bedroom 8, Bathroom 4, Bathroom 8, Bathroom 9, Bedroom 9, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 5, Bathroom 1, Bedroom 6
Subdivision
Indian Mesa
Directions
From I-25 and Comanche east to Wellesley, south to property. Note two parcels - 3601-3609 Wellesley NE
Standard status
Active
APN
101606041820240804
Lot size
0.78 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lots L&M, Block B, Indian Mesa Subd, & Lot K1, Indian Mesa
Tax Annual Amount
5753
Legal Description
Lots L&M, Block B, Indian Mesa Subd, & Lot K1, Indian Mesa
Building Details
Year built
1981
Floors in Building
2
Number of units
21
Listing Agency:
NM Apartment Advisors, Inc.
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Added: Oct 9, 2025
Changed: Nov 2
Last Checked: Nov 3 at 2:06AM
MLS# 1092688
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.
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Investment Insights
Based on property information with market context.
This Albuquerque apartment portfolio comprises 21 units across 3601, 3605, and 3609 Wellesley NE. The unit mix includes two studios, 13 one-bedroom apartments, and six two-bedroom apartments. Residents have access to a laundry room, and the properties are zoned R-ML*.
The portfolio spans 0.78 acres. The listed construction year is 1981. Investment metrics provided include an 8.72 GRM and a 7.39% cap rate before reserves.
The portfolio spans 0.78 acres. The listed construction year is 1981. Investment metrics provided include an 8.72 GRM and a 7.39% cap rate before reserves.
Key Highlights
- 21 apartments: 2 studios, 13 one‑bedroom units, and 6 two‑bedroom units
- Laundry room available for residents
- Three addresses: 3601, 3605, and 3609 Wellesley NE
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A shared laundry room and centralized management serve the resident portfolio.
Where is this apartment building located?
The property is located at 3601 Wellesley Drive NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,445,000.
What are key features of this property?
This property features: 21 apartments: 2 studios, 13 one‑bedroom units, and 6 two‑bedroom units; Laundry room available for residents; Three addresses: 3601, 3605, and 3609 Wellesley NE
