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Listed price in listed location currency (USD).
$641,829

216

MLS® 1099281

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 4194 sqft
Garage No
Taxes $3,523
Days Active 1
Lot Size 0.2 acres
Approx. Age 1980
Avg. Price Per Sqft $153
MLS® Number 1099281

Property Address: 3609 Wellesley Dr Ne, Albuquerque, NM, 87107-6904

Average square foot calculated using Size range provided by listing 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.
MLS® Number1099281
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2
Exterior
GarageNo
Approx. Age1980
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 5, 2026List Date
$641,829List Price
  • Commute

Commute

Starting Address
Destination Address
3609 Wellesley Dr Ne, Albuquerque, NM

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