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- Description
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$550,000
Monthly Est:$2,738
8 Beds
4 Baths
4,194sqft
3609 Wellesley Dr NE, Albuquerque, NM 87107
$550,000
$2,738/moEst:
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Quadruplex
Built in 1980
$-- HOA
8,638 sqft lot
$131/sq.ft
Description
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 $550,000 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.
- Houzeo last checked: 12 hours ago
- Listing updated: July 28, 2026 at 4:22 pm
- 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#: 1099281
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1980
HOA Fees
-
Finished Area
4,194 sqft
Lot Size
8,638 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1099281
MLS Status
Active
Days on Market
218
Cumulative Days on Market
145
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Cooling
Evaporative Cooling
Appliances
Refrigerator
Flooring
Carpet, Vinyl
Heating
Central
Construction
Year Built
Year Built: 1980
Home type
Quadruplex
Property Condition
Resale
Construction Materials
Frame
Utilities & Energy
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Disclosures
Ranm2100disclosure
Tenant Pays
Other, See Remarks
Subdivision Name
Indian Mesa
Price History
| Date | Event | Price |
|---|---|---|
03/05/2026 Source: | Price Decreased | $550,000 -14.31% $131/sqft |
03/05/2026 Source: | Listed for Sale | $641,829 $153/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 09, 2026, 02:30PM. 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.
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