1325 Wellesley Drive
Albuquerque, NM 87106
2
Bed
3
Bath
28,600Sqft
1.53Acres(Lot)
The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course.With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR.Portions of the property have an affordable housing component, which may convey with the property.Property offering timeli
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 3 -
Flooring Information
Carpet, Tile, Vinyl -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1970 Building Area Total: 28600 Construction Materials: Frame Stories: 1 Private Pool: No
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Lot Information
Lot Size Acres: 1.53 Lot Size Source: Public Records Lot Size Square Feet: 66560Property Information
Subdivision: Sunport Lodgings Add Source Property Type: Residential Income Postal Code Plus 4: 2423 Zoning Description: R-ML* Property SubType: Multi Family Levels: One Property Age: 56
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Listing Price Information
Listing Price: $4500000 Cash, Conventional
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Tax Information
Parcel Number: 101605638619040140 Annual Tax: $21241 Tax Legal Desc: Tract 2-B Sunport Lodgings Addition
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Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: From I-25 & Gibson, east to Girard, north four blocks, west to property.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 306 Carlisle Boulevard, Albuquerque, NM, 87106 | $580,000 | 4 | 4 | -- | 0.31 Acre |
| 1005 Carlisle Boulevard, Albuquerque, NM, 87106 | $514,500 | 2 | 2 | 2,640 | 0.10 Acre |
| 1003 Carlisle Boulevard, Albuquerque, NM, 87106 | $479,995 | 4 | 3 | 2,156 | 0.18 Acre |
| 1003-1005 Carlisle Boul.., Albuquerque, NM, 87106 | $994,495 | 8 | 7 | 4,805 | 0.18 Acre |
| 3518 Eastern Avenue, Albuquerque, NM, 87106 | $295,000 | 2 | 2 | 1,282 | 0.11 Acre |
| 3513 Crest Avenue, Albuquerque, NM, 87106 | $410,000 | 6 | 4 | 2,280 | 0.15 Acre |
| 3434-3438 Thaxton Avenue, Albuquerque, NM, 87106 | $1,069,900 | 2 | 1 | 6,120 | 0.16 Acre |
| 2810 Vail Avenue, Albuquerque, NM, 87106 | $522,500 | 8 | 4 | 3,100 | 0.17 Acre |
| 205 Stanford Drive, Albuquerque, NM, 87106 | $510,000 | 4 | 4 | 1,000 | 0.16 Acre |
| 2104 Lead Avenue, Albuquerque, NM, 87106 | $450,000 | 1 | 2 | 2,670 | 0.16 Acre |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.
ByOwner last updated this listing 10/09/2026 @ 22:29
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