Albuquerque Fourplex with
3609 Wellesley Drive NE, Albuquerque, NM 87107
MULTI_FAMILY - Albuquerque, NM
Property size:
4,194 SFLot size:
0.20 AcresPrice / SF:
$153/SF- Added:
- Mar 5, 2026
- Days on Market:
- 70
- Last Refresh:
- May 14 at 3:06 pm
Property Features for 3609 Wellesley Drive NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 8, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3
- Parking
- 6
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 101606042121740805
- Size
- 4,194 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- Lot K1, Block 5, IndianAcres
- Tax Annual Amount
- 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
Listing URL
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.
HighLights
- 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.
- Potential to increase cap rate to 5.93% by raising rents.
- Fourplex provides multiple income streams.
- Refrigerator included.
Overview
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.
