3609 Wellesley Drive
Albuquerque, NM 87107
8
Bed
4
Bath
4,194Sqft
0.20Acre(Lot)
Located at 3609 Wellesley NE, this fourplex has large, town house style, two bedroom, one bathroom units with in unit laundry.At the ask price $641,829 and of based on the current average rents of $1,324 per month, the property's measures of investment performance include a 10,10 GRM, 5.73% cap rate before reserves, before tax IRR of 20.0% and an after-tax IRR of 16.2%. If rents were raised to market average of $1,466, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 5.93% cap rate.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 4 -
Flooring Information
Carpet, Vinyl -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1980 Building Area Total: 4194 Construction Materials: Frame Stories: 2 Private Pool: No
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Lot Information
Lot Size Acres: 0.2 Lot Size Source: Public Records Lot Size Square Feet: 8638Property Information
Subdivision: Indian Mesa Source Property Type: Residential Income Postal Code Plus 4: 6904 Zoning Description: R-ML* Property SubType: Quadruplex Levels: Two Property Age: 46
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Listing Price Information
Listing Price: $641829 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 101606042121740805 Annual Tax: $3523.34 Tax Legal Desc: Lot K1, Block 5, IndianAcres
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Virtual Tour
Parking Information
Parking Total: 6
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Utility Information
Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: From I-25 and Comanche, est to Wellesley and south to property
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3601 Wellesley Drive, Albuquerque, NM, 87107 | $3,015,000 | 3 | 3 | 14,266 | 14,266 SqFt |
| 3501 NE Wellesley Drive, Albuquerque, NM, 87107 | $510,000 | -- | -- | -- | |
| 3505 Lafayette Drive, Albuquerque, NM, 87107 | $950,000 | 2 | 1 | 9,100 | 9,100 SqFt |
| 325 San Andres Avenue, Albuquerque, NM, 87107 | $559,000 | 7 | 5 | 3,632 | 3,632 SqFt |
| 1237 Menaul Boulevard, Albuquerque, NM, 87107 | $562,500 | 8 | 4 | 3,400 | 3,400 SqFt |
| 1225 Menaul Boulevard, Albuquerque, NM, 87107 | $562,500 | 8 | 4 | -- |
Similar Multifamily To 3609 Wellesley Drive
Nearby For Sale
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ByOwner last updated this listing 06/11/2026 @ 12:20
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