$950,000

3505 Lafayette Drive NE, Albuquerque, NM 87107

  • 2 beds |
  • 1 bath |
  • 9,100 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon0.38acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $104/sqft
  • Property List Date Icon Listed 7 days ago

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.)

Listing Status:
Active
Date Added:
May 13, 2026
Data Last Updated:
May 20, 2026 at 7:17AM
Listing Office:
NM Apartment Advisors, Inc. : (505) 440-8633
Listing Agent:
Todd D Clarke : (505) 440-8633
MLS ID:
1103496
  • Appliances: Refrigerator
  • Flooring: Vinyl
  • Heating: Forced Air
  • Eco/Green Feature: None
  • Parking: Parking spaces: 11
  • General: FrameStucco2
  • Originating MLS: SWMLS_SWMLS
  • County: Bernalillo
  • Zoning: 101606038517540709
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: SWMLS_SWMLS

This listing courtesy of Todd D Clarke , NM Apartment Advisors, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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