$3,015,000
3 bds · 3 ba · 14,266 sqft
3601 Wellesley Drive NE, Albuquerque, 87107
1325 Wellesley Drive SE
Albuquerque, NM 87106
$4,500,000
$157/SqFt
2
Beds
3
Baths
28,600
SqFt Home
1
Story
1970
Year Built
66,560
SqFt Lot
Estimated Mortgage
$22,754/mo
Based on $900K down · 6.5% · 30yr
About this property
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… Show more
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 timeline:- 10/21/2026 - noon - Wednesday - property tour (RSVP for each person required)- 10/22/2026 - noon - Thursday - offer deadline.Qualified investors can RSVP for the tour and access the confidential document center.Do not miss out on this once on a generation opportunity to own a large, golf course fronting and affordable apartment investment.
Property details for 1325 Wellesley Drive SE
Interior
Bedrooms Total:
2
Bathrooms Total:
3
Appliances:
Refrigerator
Flooring:
Carpet, Tile, Vinyl
Exterior and lot
Lot Size Acres:
1.53
Lot Size:
66,560 sqft
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
28,600 sqft
Year Built:
1970
Construction Materials:
Frame
New Construction:
No
Levels:
One
Number Of Units Total:
80
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1111973
Gross Income:
568017
Listing Terms:
Cash, Conventional
Number Of Buildings:
4
Operating Expense:
207085
Owner Pays:
Other, See Remarks
Tenant Pays:
Electricity
Total Actual Rent:
49162
Area and schools
City:
Albuquerque
Postal Code:
87106
MLS Area Major:
UNM South
Subdivision:
Sunport Lodgings Add
County:
Bernalillo
Parcel Number:
101605638619040140
Utilities
Utilities:
Electricity Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Wall Furnace
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
October 4, 2026
Location
Directions: From I-25 & Gibson, east to Girard, north four blocks, west to property.
Estimated Mortgage
$22,754/mo
Based on $900K down · 6.5% · 30yr
Homes for sale similar to 1325 Wellesley Drive SE
1325 Wellesley Drive SE, Albuquerque, NM 87106 listed as MLS #1111973.
This 2 bedroom 28,600 sqft Multi Family built in 1970
located in Sunport Lodgings Add, Albuquerque NM 87106.
1325 Wellesley Drive SE is listed for $4,500,000 as MLS #1111973 courtesy of NM Apartment Advisors, Inc. Todd D Clarke.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from
sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’
personal, non-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
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