Active

3609 Wellesley Drive NE, Albuquerque, NM 87107

$641,829

$153 per ft²

2 Bed

1 Bath

4,194 Sq Ft

0.2 Acres

Listing Office: NM Apartment Advisors, Inc.

Image 1 of property listing at 3609 Wellesley Drive NE, Albuquerque, NM 87107

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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.

Listing Agent: Todd D Clarke

License Number: 13711

Offered by: NM Apartment Advisors, Inc.

Office Phone: (505) 440-8633

MLS: #1099281

Southwest Multiple Listing Service

Date Added: 03/05/2026 12:00:00 am

Last Update: 03/05/2026 05:18:59 pm

Days on Market: 14

Interior

Appliances: Refrigerator
Flooring: Carpet,Vinyl
A/C: true, Evaporative Cooling
Heating: true, Central
Disability Feature: None
Eco/Green Feature: None

Exterior

Parking: Parking spaces: 6

Construction

General: Frame, 2

Location

Originating MLS: SWMLS_SWMLS
County: Bernalillo

Lot

Zoning: Lot K1, Block 5, IndianAcres, 101606042121740805

Utilities

Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

Financial

Source: SWMLS_SWMLS

Property

Year Built: 1980
Type: Multi-Family
Neighborhood: Alta Monte
Parcel #: 101606042121740805

03/05/2026$641,829@ 153 per ft²Listed

03/05/2026Active

Listing Broker

Misty Stacy

1 @

Email: mistyhomesales@gmail.com

Phone: 5052694538

Last Updated: 03/05/2026 05:18:59 pm

Offered by: Todd D Clarke, 13711, (505) 440-8633 @ NM Apartment Advisors, Inc.

MLS: #1099281

Source: Southwest Multiple Listing Service

<IMG SRC='https://d37ukvrrv3in12.cloudfront.net/mls/logos/IDX_557.png' ALT='IDX'>The data relating to real estate for sale on this web site 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 other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. <BR><BR>Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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3609 Wellesley Drive NE, Albuquerque, NM 87107 is a 2 Bed, 1 Bath, 4,194 Sq Ft, 0.2 Acres, Multi-Family built in 1980.

This property is currently available and was listed by Southwest Multiple Listing Service on 03/05/2026 12:00:00 am. The MLS # for the property is MLS #1099281.

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