3609 Wellesley Dr NE Albuquerque, NM 87107
Estimated payment $3,701/month
Highlights
- Evaporated cooling system
- Central Heating
- Carpet
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,523
Year Built
- Built in 1980
Lot Details
- 8,638 Sq Ft Lot
- Additional Parcels
Parking
- 6 Parking Spaces
Home Design
- Quadruplex
- Frame Construction
Interior Spaces
- 4,194 Sq Ft Home
- Property has 2 Levels
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Evaporated cooling system
- Central Heating
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 101606042121740805
Community Details
Overview
- 4,194 Sq Ft Building
- Indian Mesa Subdivision
Building Details
- Operating Expense $25,559
- Gross Income $61,312
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,523 | $83,385 | $19,843 | $63,542 |
| 2024 | $3,416 | $80,956 | $19,265 | $61,691 |
| 2023 | $3,359 | $78,599 | $18,704 | $59,895 |
| 2022 | $3,246 | $76,309 | $18,159 | $58,150 |
| 2021 | $3,137 | $74,088 | $17,631 | $56,457 |
| 2020 | $3,085 | $71,930 | $17,117 | $54,813 |
| 2019 | $2,995 | $69,835 | $16,619 | $53,216 |
| 2018 | $2,888 | $69,835 | $16,619 | $53,216 |
| 2017 | $2,799 | $67,801 | $16,135 | $51,666 |
| 2016 | $2,801 | $65,827 | $15,665 | $50,162 |
| 2015 | $66,427 | $66,427 | $15,665 | $50,762 |
| 2014 | $2,821 | $66,427 | $15,665 | $50,762 |
| 2013 | -- | $67,027 | $15,665 | $51,362 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $641,829 | -- | $153 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1099281
APN: 1-016-060-421-217-4-08-05
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