Skip To Content

3505 Lafayette Drive NE

Albuquerque, NM 87107
  • $950,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 1103496
UPDATED: 183 min ago
$950,000
  • 2
    BEDS
  • 0.38
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 9,100
    SQFT
  • $104
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Ratings & Info

Description

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.)

Monthly Payment Calculator



IDX information © 2026 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Rush Real Estate Group | Realty One of New Mexico. Data last updated: 2026-06-09T23:05:11.76.
www.albuquerquerealestateservices.com/homes/176466127
Print Image

3505 Lafayette Drive NE Albuquerque, NM 87107

  • Price: $950,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 183 min ago
  • MLS #: 1103496
2
Beds
1
Baths
0
½ Baths
0.38
Acres
9,100
SQFT
$104
$/SQFT
1978
Built
Neighborhood:
Indian Rest Sub
County:
Bernalillo
Area:
101 - Near North Valley
Property Description
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.)
Exterior Features

Construction Materials Frame Stucco Levels Two Parking Total 11 Stories Total 2

Interior Features

Appliances Refrigerator Flooring Vinyl Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 9100 Green Energy Generation None Gross Income 102693 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN No Operating Expense 39659 Owner Pays Other See Remarks Property Condition Resale Property Sub Type Multi Family Property Sub Type Additional Multi Family Tax Annual Amount 7291 Tenant Pays Other See Remarks Total Actual Rent 9107 Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- ML*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2026 Southwest Multiple Listing Service, Inc.


IDX information © 2026 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Rush Real Estate Group | Realty One of New Mexico. Data last updated: 2026-06-09T23:05:11.76.
 
https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1103496-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1103496-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1103496-2.jpg
Logo
Rush Real Estate Group | Realty One of New Mexico
8500 Menaul Blvd. NE, Suite A-240
Albuquerque NM, 87112