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3505 Lafayette Drive NE
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3505 Lafayette Drive NE
3505 Lafayette Drive NE
3505 Lafayette Drive NE
3505 Lafayette Drive NE
3505 Lafayette Drive NE
3505 Lafayette Drive NE
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3505 Lafayette Drive NE

Albuquerque, NM 87107

$950,000
2 bd • 1 ba • 9,100 sqft • 0.38 acres
2 Story
Stories
$104
Per SQFT
1978
Year Built
05/13/2026
Listing Date
1103496
Listing #
87107
Zip Code

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 (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.)

Interior

Bathrooms Total: 1
Appliances: Refrigerator
Flooring: Vinyl

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
Levels: Two
Number Of Units Total: 7
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.38
Lot Size Square Feet: 16,374 sqft
Parking Total: 11

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

Location

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Directions: From I-25 and Comanche, east to Lafayette, south to property.

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Listing courtesy of NM Apartment Advisors, Inc.
Southwest MLS Logo 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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550