# 3601 Wellesley Drive NE, Albuquerque, NM 87107

> **TL;DR:** 3bd/3ba residential multi family, $3,015,000 ($171/sqft), built 1981, 17,682 sqft.
> A/C. Est. $13,065/mo. Listed 183 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,015,000 |
| Price/sqft | $171 |
| Bedrooms | 3 |
| Bathrooms | 3 full |
| Square Feet | 17,682 |
| 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 | 183 |

## 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 & 3611 Wellesley NE, as well as 3611 Tyson 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 ten 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 $3,015,000 and of based on the current average rents of $1,157 per month, the property's measures of investment performance include a 8.68 GRM, 7.26% cap rate before reserves, before tax IRR of 16.1% and an after-tax IRR of 12.9%. If rents were raised to market average of $1,324, and even with a potential 3fold increase in property taxes, cap could be 7.74%

## 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-f1422237690r.jpg)

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

---

**MLS#:** 1092688 | **Updated:** 2026-04-24
**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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