# 3505 Lafayette Drive NE, Albuquerque, NM 87107

> **TL;DR:** 2bd/1ba residential multi family, $950,000 ($104/sqft), built 1978, 9,100 sqft. Est. $4,117/mo. Listed 19 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $950,000 |
| Price/sqft | $104 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 9,100 |
| Year Built | 1978 |
| Lot Size | 16,553 sqft (0.38 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 19 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,117 |
| **Total** | **$4,117** |

## Property Highlights

- Built in 1978
- 0.38 acre lot
- 2 stories
- 11 parking spaces

## Description

### Agent 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.)

## Location

- **Address:** 3505 Lafayette Drive NE, Albuquerque, NM 87107
- **County:** Bernalillo
- **Neighborhood:** Indian Rest Sub
- **Coordinates:** 35.121353, -106.608852
- **Google Maps:** https://www.google.com/maps?q=35.121353,-106.608852

## Listing Agent

- **Name:** Todd D Clarke
- **Brokerage:** NM Apartment Advisors, Inc.
- **Phone:** 5054408633
- **Email:** tclarke@nmapartment.com

## Primary Photo

![3505 Lafayette Drive NE - Primary Photo](http://lh.rdcpix.com/9e2156f875e1ce8c753d6cb7a4daacb2l-f1822052337r.jpg)

*15 total photos available on [listing page](https://www.propertysimple.com/listing/3505-lafayette-drive-ne-albuquerque-nm-87107-1103496)*

---

**MLS#:** 1103496 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3505-lafayette-drive-ne-albuquerque-nm-87107-1103496)

---

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