3505 Lafayette Dr NE, Albuquerque, NM, 87107
About This Home
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.)
Getting Around
Somewhat Walkable
Some Transit
Not Bike FriendlySchools
Construction
Condition
- Property condition: Resale
- Year built: 1978
Materials
- Construction materials: Frame,Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
Features
- Flooring: Vinyl
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 9,100
- Total interior livable area: 9,100 sqft
Property
Details
- Parcel number: 101606038517540709
- Zoning description: R-ML*
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.38 Acres
Parking
- Total spaces: 11
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Winter Weather
- Hail
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Bernalillo County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,803 | $57,636 |
| Home Insurance * | $141 | $1,692 |
| Property Taxes | $672 | $8,064 |
| Electricity | $647 | $7,764 |
| Total | $6,263 | $75,156 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-13 | Listed for sale | $950,000 |
| 2020-03-09 | Sold | -- |
| 2019-11-25 | Pending sale | $475,000 |
| 2019-11-04 | Price change | $475,000 |
| 2019-08-26 | Pending sale | $486,000 |
| 2019-08-15 | Listed for sale | $486,000 |
| 2019-06-16 | Listing removed | $225,000 |
| 2019-05-13 | Pending sale | $225,000 |
| 2019-05-09 | Listed for sale | $225,000 |
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