# 3601 Wellesley Drive NE, Albuquerque, NM 87107

> **TL;DR:** 3bd/3ba residential multi family, $3,015,000 ($211/sqft), built 1981, 14,266 sqft.
> A/C. Est. $13,065/mo. Listed 235 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,015,000 |
| Price/sqft | $211 |
| Bedrooms | 3 |
| Bathrooms | 3 full |
| Square Feet | 14,266 |
| Year Built | 1981 |
| Lot Size | 33,977 sqft (0.78 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 235 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $13,065 |
| **Total** | **$13,065** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1981
- 0.78 acre lot
- 2 stories

## Description

### Agent Description
Located at 3601, 3605 & 3609 Wellesley NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one-bedroom units and six two-bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price of $2,445,000 and of based on the current average rents of $1,113 per month, the property's measures of investment performance include an 8.72 GRM, 7.39% cap rate before reserves, before tax IRR of 15.8% and an after-tax IRR of 12.97. If rents were raised to market average of $1,291, and even with a potential 3fold increase in property taxes, the measure of investment improve to a cap rate of 7.

## Location

- **Address:** 3601 Wellesley Drive NE, Albuquerque, NM 87107
- **County:** Bernalillo
- **Neighborhood:** Indian Mesa
- **Coordinates:** 35.122155, -106.607768
- **Google Maps:** https://www.google.com/maps?q=35.122155,-106.607768

## Listing Agent

- **Name:** Todd D Clarke
- **Brokerage:** NM Apartment Advisors, Inc.
- **Phone:** 5054408633
- **Email:** tclarke@nmapartment.com

## Primary Photo

![3601 Wellesley Drive NE - Primary Photo](http://lh.rdcpix.com/cdffad8e250c421acff03ba36528a516l-f2421195116r.jpg)

*40 total photos available on [listing page](https://www.propertysimple.com/listing/3601-wellesley-drive-ne-albuquerque-nm-87107-1092688)*

---

**MLS#:** 1092688 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3601-wellesley-drive-ne-albuquerque-nm-87107-1092688)

---

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