$4,500,000
$157/sqftactive1325 Wellesley Drive SE, Albuquerque, NM 87106
Beds
2
Baths
3
Sqft
28,600
Lot
1.53 ac
Built
1970
Type
multi family
About This Property
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.
Features & Amenities
Property Details
| MLS # | 1111973 |
| Property Type | multi family |
| Year Built | 1970 |
| Heating | WallFurnace |
| Cooling | EvaporativeCooling |
| Lot Size | 1.53 acres (66,560 sqft) |
| Property Tax (est.) | $21,241/yr ($1,770/mo) |
| Price / Sqft | $157 |
| Status | Active |
| Days on Market | 0 |
About Nob Hill → Full Guide
Price vs. Neighborhood
This home
Nob Hill median
1031% above the Nob Hill median. Homes here sell in an average of 41 days.
Commute Times
Unm
5 min
Downtown
10 min
Abq Studios
20 min
Sandia Labs
20 min
Kirtland Afb
15 min
Presbyterian
12 min
Intel Rio Rancho
35 min
Nearby Schools
Monte Vista Elementary
K-5 · APS
Jefferson Middle School
6-8 · APS
Highland High School
9-12 · APS
UNM (University of New Mexico)
Higher Ed · State
Neighborhood Guide
Explore Nob Hill
Eclectic & Walkable
Listing courtesy of NM Apartment Advisors, Inc.. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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