$999,565
Listed on Aug 19, 2026
6 bds · 3 ba · 7,720 sqft
1104 Palomas Drive SE, Albuquerque, 87108
3505 Lafayette Drive NE
Albuquerque, NM 87107
$950,000
$104/SqFt
2
Beds
1
Bath
9,100
SqFt Home
2
Stories
1978
Year Built
16,374
SqFt Lot
About this property
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… Show more
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.)
Property details for 3505 Lafayette Drive NE
Interior
Bedrooms Total:
2
Bathrooms Total:
1
Appliances:
Refrigerator
Flooring:
Vinyl
Exterior and lot
Lot Size Acres:
0.38
Lot Size:
16,374 sqft
Parking Total:
11
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
9,100 sqft
Year Built:
1978
Construction Materials:
Frame, Stucco
New Construction:
No
Levels:
Two
Number Of Units Total:
7
Stories:
2
Property Condition:
Resale
Provisional
MLS #:
1103496
Gross Income:
102693
Listing Terms:
Cash, Conventional
Number Of Buildings:
2
Operating Expense:
39659
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Total Actual Rent:
9107
Area and schools
City:
Albuquerque
Postal Code:
87107
MLS Area Major:
Near North Valley
Subdivision:
Indian Rest Sub
County:
Bernalillo
Parcel Number:
101606038517540709
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heating:
Forced Air
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
May 13, 2026
Location
Directions: From I-25 and Comanche, east to Lafayette, south to property.
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Homes recently sold near 3505 Lafayette Drive NE
3505 Lafayette Drive NE, Albuquerque, NM 87107 listed as MLS #1103496.
This 2 bedroom 9,100 sqft Multi Family built in 1978
located in Indian Rest Sub, Albuquerque NM 87107.
3505 Lafayette Drive NE is listed for $950,000 as MLS #1103496 courtesy of NM Apartment Advisors, Inc. Todd D Clarke.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from
sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’
personal, non-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
Searches related to 3505 Lafayette Drive NE, Albuquerque, NM 87107
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Estimated Mortgage
$4,804/mo
Based on $190K down · 6.5% · 30yr