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.)
For sale
$950,000
3505 Lafayette Dr NE, Albuquerque, NM 87107
2beds
1baths
9,100sqft
:
Get pre-qualified$6,326/mo
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$104/sqft
$-- HOA
What's special
Electric rangesWell-apportioned roomsForced central heating
- 86 days |
- 168 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc. 505-440-8633,
Kyle E Deacon 505-878-0100,
Deacon Property Services
Source: SWMLS,MLS#: 1103496
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Forced Air
Appliances
- Included: Refrigerator
Features
- Flooring: Vinyl
Interior area
- Total structure area: 9,100
- Total interior livable area: 9,100 sqft
Property
Parking
- Total spaces: 11
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.38 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101606038517540709
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1978
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Indian Rest Sub
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $104/sqft
- Tax assessed value: $221,884
- Annual tax amount: $7,291
- Date on market: 5/13/2026
- Cumulative days on market: 86 days
- Listing terms: Cash,Conventional
- Total actual rent: 9107
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,310/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Listed for sale | $950,000+100%$104/sqft |
Source:  SWMLS #1103496 Report a problem | ||
| 3/9/2020 | Sold | -- |
Source: SWMLS #951814 Report a problem | ||
| 11/25/2019 | Pending sale | $475,000$52/sqft |
Source: Armstrong Properties, Inc. #951814 Report a problem | ||
| 11/4/2019 | Price change | $475,000-2.3%$52/sqft |
Source: Armstrong Properties, Inc. #951814 Report a problem | ||
| 8/26/2019 | Pending sale | $486,000$53/sqft |
Source: Armstrong Properties, Inc. #951814 Report a problem | ||
| 8/15/2019 | Listed for sale | $486,000+116%$53/sqft |
Source: Armstrong Properties, Inc. #951814 Report a problem | ||
| 6/16/2019 | Listing removed | $225,000$25/sqft |
Source: Armstrong Properties, Inc. #944085 Report a problem | ||
| 5/13/2019 | Pending sale | $225,000$25/sqft |
Source: Armstrong Properties, Inc. #944085 Report a problem | ||
| 5/9/2019 | Listed for sale | $225,000$25/sqft |
Source: Armstrong Properties, Inc. #944085 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,125 +3.2% | $73,954 +3% |
| 2024 | $3,029 +1.7% | $71,800 +3% |
| 2023 | $2,979 | $69,710 +3% |
| 2022 | -- | $67,679 +3% |
| 2021 | $2,782 -3.4% | $65,708 -2.2% |
| 2020 | $2,881 | $67,158 +3% |
| 2019 | -- | $65,203 |
| 2018 | $2,671 -1% | $65,203 +3% |
| 2017 | $2,697 +2.1% | $63,304 +2% |
| 2016 | $2,640 -95.8% | $62,060 -0.9% |
| 2015 | $62,627 +2255% | $62,627 |
| 2014 | $2,659 | $62,627 -23.1% |
| 2013 | $2,659 | $81,435 |
| 2012 | -- | $81,435 |
| 2011 | -- | $81,435 |
| 2010 | -- | $81,435 +3% |
| 2009 | -- | $79,064 +3% |
| 2008 | -- | $76,761 +3% |
| 2007 | -- | $74,526 +27.6% |
| 2006 | -- | $58,414 +3% |
| 2005 | -- | $56,713 |
| 2004 | -- | $56,713 +3% |
| 2003 | -- | $55,062 |
| 2002 | -- | $55,062 |
| 2001 | -- | $55,062 +18.9% |
| 2000 | -- | $46,296 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Alta Monte
Nearby schools
GreatSchools rating
- 4/10Montezuma Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 4/10Mc Kinley Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Del Norte High SchoolGrades: 9-12Distance: 1.6 mi
- $--2 bd2 ba1.3k sqft3505 Lafayette Dr NE #A, Albuquerque, NM 87107Off Market
- $--2 bd2 ba1.3k sqft3505 Lafayette Dr NE #C, Albuquerque, NM 87107Off Market
- $295,842-- bd-- ba5.1k sqft3509 Lafayette Dr NE, Albuquerque, NM 87107Off Market
- $--2 bd2 ba1.3k sqft3509 Lafayette Dr NE #3509B, Albuquerque, NM 87107Off Market
- $--2 bd2 ba1.3k sqft3509 Lafayette Dr NE #B, Albuquerque, NM 87107Off Market
- $--2 bd2 ba1.3k sqft3509 Lafayette Dr NE APT C, Albuquerque, NM 87107Off Market
- $152,2598 bd4 ba2.8k sqft3501 Lafayette Dr NE, Albuquerque, NM 87107Off Market
- $186,843-- bd-- ba3.2k sqft3419 Lafayette Dr NE, Albuquerque, NM 87107Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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