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Street View
$3,015,000
Monthly Est:$15,007
3 Beds
3 Baths
14,266sqft
3601 Wellesley Dr NE, Albuquerque, NM 87107
$3,015,000
$15,007/moEst:
Get Pre-Approved
Multi Family
Built in 1981
$-- HOA
33,977 sqft lot
$211/sq.ft
Description
Located at 3601, 3605 & 3609 Wellesley NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one-bedroom units and six two-bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price of $2,445,000 and of based on the current average rents of $1,113 per month, the property's measures of investment performance include an 8.72 GRM, 7.39% cap rate before reserves, before tax IRR of 15.8% and an after-tax IRR of 12.97. If rents were raised to market average of $1,291, and...
Continue Reading- Houzeo last checked: 2 minutes ago
- Listing updated: July 22, 2026 at 2:04 am
- Listing Provided by: Todd D Clarke (505) 440-8633 DRE #13711 | NM Apartment Advisors, Inc. (505) 440-8633
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1092688
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1981
HOA Fees
-
Finished Area
14,266 sqft
Lot Size
33,977 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1092688
MLS Status
Active
Days on Market
346
Cumulative Days on Market
285
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Appliances
Refrigerator
Flooring
Carpet, Tile, Vinyl
Heating
Central, Forced Air
Cooling
Evaporative Cooling
Construction
Year Built
Year Built: 1981
Home type
Multi Family
Property Condition
Resale
Construction Materials
Frame, Stucco
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Tenant Pays
Other, See Remarks
Disclosures
Ranm2100disclosure
Subdivision Name
Indian Mesa
Price History
| Date | Event | Price |
|---|---|---|
10/09/2025 Source: | Listed for Sale | $3,015,000 $211/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Sep 21, 2026, 04:15AM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
Advertising Broker: Jared Andrew English | Congress Realty, Inc
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