1325 Wellesley Drive SE

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Address: 1325 Wellesley Dr SE, Albuquerque, NM 87106, USA
Phoenix & Southwest + Apartment Buildings
Created date: October 4, 2026
Date last updated: October 5, 2026
Price: $4,500,000Investment Analyzer NEW!

Property Description

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course.With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR.Portions of the property have an affordable housing component, which may convey with the property.Property offering timeline:- 10/21/2026 - noon - Wednesday - property tour (RSVP for each person required)- 10/22/2026 - noon - Thursday - offer deadline.Qualified investors can RSVP for the tour and access the confidential document center.Do not miss out on this once on a generation opportunity to own a large, golf course fronting and affordable apartment investment.
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Broker Details

Todd D Clarke
Todd D Clarke

NM Apartment Advisors Inc. 505-440-8633 MLS ID: clarkeda State License Number: 13711

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,500,000
No. of Units: 80
Year Built: 1970
Lot Size: 28,600.00 Sq ft
Opportunity Zone: No
Price per unit: $56,250
Property Website Click Here
Number of Bedrooms: 2
Number of Bathrooms: 3
Address: 1325 Wellesley Drive SE, Albuquerque, NM 87106, USA
Provided by:
Standard Status: Active
MLS Listing Number: 1111973
ID: 3yd-GAARNM-1111973
Copyright Disclaimer: 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.

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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