# 3609 Wellesley Drive NE, Albuquerque, NM 87107

> **TL;DR:** 8bd/4ba residential multi family, $641,829 ($153/sqft), built 1980, 4,194 sqft.
> A/C. Est. $2,781/mo. Listed 88 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $641,829 |
| Price/sqft | $153 |
| Bedrooms | 8 |
| Bathrooms | 4 full |
| Square Feet | 4,194 |
| Year Built | 1980 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 88 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,781 |
| **Total** | **$2,781** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1980
- 0.20 acre lot
- 2 stories
- 6 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 3609 Wellesley Drive NE, Albuquerque, NM 87107
- **County:** Bernalillo
- **Neighborhood:** Indian Mesa
- **Coordinates:** 35.122523, -106.607654
- **Google Maps:** https://www.google.com/maps?q=35.122523,-106.607654

## Listing Agent

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

## Primary Photo

![3609 Wellesley Drive NE - Primary Photo](http://lh.rdcpix.com/815ea26d00564cb9bfdcdb81e42a08fal-f612731561r.jpg)

*31 total photos available on [listing page](https://www.propertysimple.com/listing/3609-wellesley-drive-ne-albuquerque-nm-87107-1099281)*

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**MLS#:** 1099281 | **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/3609-wellesley-drive-ne-albuquerque-nm-87107-1099281)

---

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