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3505 Lafayette Drive NE Albuquerque, NM $ 950,000
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$ 950,000 Get more info
3505 Lafayette Drive NE
$ 950,000
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3505 Lafayette Drive NE

Albuquerque, NM, 87107
$ 950,000
Bedrooms2 Baths1.0 Sq 9,100

Monthly Estimate*

$ 5,849

3505 Lafayette Drive NE, Albuquerque, NM 87107 - Image 1
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Multi-Family Home for sale in Albuquerque, NM

for $950,000 with 2 bedrooms and 1 full bath. This 9,100 square foot home was built in 1978 on a lot size of 0.38.

At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)

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Multi-Family Active

Price

$ 950,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 7,291

Style

Lot Size

0.38

Year Built

1978

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1103496
Features
General
Heating Forced Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Refrigerator
Construction Materials Frame Stucco
Year Built 1978
Tenant Pays Other See Remarks
Stories Count 2
Levels Two
Property Subtype Multi Family
Gross Income 102693
County Bernalillo
Operating Expense 39659
New Construction false
Property Type Residential Income
Subdivision Name Indian Rest Sub
Green Energy Generation None
Status Active
Directions From I-25 and Comanche east to Lafayette south to property.
City Albuquerque
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description R-ML*
Number Of Units Total 7
MLS Area 101 - Near North Valley
Lot Size Square Feet 16374
Listing Terms Cash Conventional
Tax Annual Amount 7291
Property Condition Resale
Additional Parcels Y/N true
Builder Name Unknown
Standard Status Active
Total Actual Rent 9107
Property Sub Type Additional Multi Family
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Interior
Flooring Vinyl
Total Stories 2
Heating Y/N true
Total Bedrooms 2
Total Baths 1
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Exterior
Total Parking 11
Number of Buildings 2
Building Area Total 9100
Lot Size Acres 0.38
Lot Size Source Public Records
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* Excluded Features
List By
Todd D Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$6,457
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,849
Monthly Property Taxes
$608
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2026$950,000 Listed Price

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3505 Lafayette Drive NE, Albuquerque, NM, 87107 is a Multi-Family Home for sale at $950,000 with 9,100 sqft and a lot size of 0.38. 3505 Lafayette Drive NE has 2 bedrooms, 1.0 baths, and was built in 1978. The property's zip code is 87107 which is in Albuquerque, NM

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