$550,000
$131/sqftactive3609 Wellesley Drive NE, Albuquerque, NM 87107
Beds
8
Baths
4
Sqft
4,194
Lot
8,638 sqft
Built
1980
Type
multi family
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 $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.
Features & Amenities
Property Details
| MLS # | 1099281 |
| Property Type | multi family |
| Year Built | 1980 |
| Heating | Central |
| Cooling | EvaporativeCooling |
| Lot Size | 8,638 sqft |
| Property Tax (est.) | $3,523/yr ($294/mo) |
| Price / Sqft | $131 |
| Status | Active |
| Days on Market | 145 |
About North Valley → Full Guide
Price vs. Neighborhood
This home
North Valley median
19% above the North Valley median. Homes here sell in an average of 38 days.
Commute Times
Unm
15 min
Downtown
10 min
Abq Studios
25 min
Sandia Labs
25 min
Kirtland Afb
25 min
Presbyterian
15 min
Intel Rio Rancho
20 min
Nearby Schools
Griegos Elementary
K-5 · APS
Madison Middle School
6-8 · APS
Valley High School
9-12 · APS
Neighborhood Guide
Explore North Valley
Rural & Spacious
Listing courtesy of NM Apartment Advisors, Inc.. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
Quick Facts
Looking for something different?
Our AI concierge can match you with homes based on what you actually want, not just filters.