3609 Wellesley Drive NE
Albuquerque, NM 87107
$641,829
2 bd • 1 ba • 4,194 sqft • 0.2 acres
2 Story
Stories
$153
Per SQFT
1980
Year Built
03/05/2026
Listing Date
1099281
Listing #
87107
Zip Code
About This Property
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.
Interior
Bathrooms Total:
1
Appliances:
Refrigerator
Flooring:
Carpet, Vinyl
Building And Construction
Property Type:
Residential Income
Property Sub Type:
Quadruplex
Property Sub Type Additional:
Quadruplex
Building Area Total:
4,194 sqft
Year Built:
1980
Construction Materials:
Frame
Levels:
Two
Number Of Units Total:
4
Stories:
2
Property Condition:
Resale
Exterior And Lot
Lot Size Acres:
0.2
Lot Size Square Feet:
8,638 sqft
Parking Total:
6
Provisional
MLS #:
1099281
Gross Income:
61312
Listing Terms:
Cash, Conventional, FHA, VA Loan
Number Of Buildings:
1
Operating Expense:
25559
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Area And Schools
City:
Albuquerque
Postal Code:
87107
MLS Area Major:
Uptown
Subdivision:
Indian Mesa
County:
Bernalillo
Parcel Number:
101606042121740805
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central
Heating (Y/N):
Yes
Location
Directions: From I-25 and Comanche, est to Wellesley and south to property
Mortgage Calculator
$
$
%
Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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Listing courtesy of NM Apartment Advisors, Inc.
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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera
Real Estate Broker in Albuquerque, NM