708 N Fifth Street, Carlsbad, NM 88220

Carlsbad
Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
708 N Fifth Street,Carlsbad, NM 88220
$1,400,000
  • - Beds
  • 2 Baths
  • 9,088 sq. ft.
  • Multi-family
  • Active
Listed by: amanda mashaw
Office: dunagan associates
MLS#:20263251
Source:NM_RANM

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$154.05

About this home

Offered for sale is a well maintained 12 unit apartment complex running at a 7.4% CAP rate and is 100% occupied. This 2-story complex offers a newly installed laundry room, eleven 2 bed, 1 bath units and one 1 bed, 1 bath unit all fully furnished. Two-bedroom units are approximately 750 sqf, AC units installed in each apt in 2018, city water, sewer and electric. Located near the Carlsbad High School and PR Leyva Jr High. Dont miss this great investment opportunity located north Carlsbad and in a rapidly growing oil and gas community in the Permian Basin

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Home facts

  • Listing ID #:20263251
  • Added:1 day(s) ago
  • Updated:June 05, 2026 at 01:21 PM

Rooms and interior

  • Total bathrooms:2
  • Flooring:Laminate, Vinyl
  • Kitchen Description:Dishwasher, Free-Standing Range, Refrigerator
  • Living area:9,088 sq. ft.

Heating and cooling

  • Cooling:A/C - Refrigerative, Ceiling Fan(s), Central Air, Refrigerated
  • Heating:FORCED AIR
  • Central air:Yes

Structure and exterior

  • Roof:Pitched
  • Building area:9,088 sq. ft.
  • Construction Materials:Frame, Stucco
  • Exterior Features:Sidewalk
  • Foundation Description:Slab
  • Levels:Two

Utilities

  • Water:Water-City
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$154.05
  • Tax amount:$2,466 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Electric Water Heater, Free-Standing Range, Refrigerator, Washer
  • Laundry features:Dryer, Laundry Yes, Washer
  • Amenities:Ceiling Fan(s), Sidewalk, Walk-In Closet(s)

Parking

  • Total parking spaces:22

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