3505 Lafayette Drive Ne, Albuquerque, NM 87107

Albuquerque
Local realty services provided by:ERA Sellers & Buyers Real Estate
3505 Lafayette Drive Ne,Albuquerque, NM 87107
$950,000
  • 2 Beds
  • 1 Baths
  • 9,100 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1103496
Source:NM_SWMLS

Price summary

  • Price:$950,000
  • Price per sq. ft.:$104.4

About this home

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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Home facts

  • Year built:1978
  • Subdivision & Development:Indian Rest Sub
  • Listing ID #:1103496
  • Added:174 day(s) ago
  • Updated:November 04, 2026 at 04:50 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Flooring:Vinyl
  • Kitchen Description:Refrigerator
  • Living area:9,100 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1978
  • Building area:9,100 sq. ft.
  • Lot area:0.38 Acres
  • Construction Materials:Frame, Stucco
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$950,000
  • Price per sq. ft.:$104.4
  • Tax amount:$7,291

Features and amenities

  • Appliances:Refrigerator

Parking

  • Total parking spaces:11

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