Pending

$1,200,000

520 NE 1st St, Carlsbad, NM 88220

--beds

--baths

--sqft

Est.:

Multi Family

Built in 2024

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Laundry facilitiesTasteful furnishingsModern high-end fixtures

Excellent multi-family investment potential exists at the newer constructed 4 plex unit, currently functioning as a highly in demand, short term rental. In each unit of this impressive property are 3 bedrooms, 2 bathrooms, laundry facilities and tasteful furnishings, creating desirability in each unit. Modern, high-end fixtures finish out each unit nicely. Recorded high occupancy rates and documented rental income make this property appealing. The listing price indicates a 10% CAP rate. Explore this investment opportunity today!

61 days

17

0

Facts & features

Interior

Heating

Electric, Forced Air

Cooling

Electric, Central Air

Appliances

Included: Dishwasher, Dryer, Microwave, Free-Standing Range, Refrigerator, Washer, Electric Water Heater
Laundry: Yes

Features

Ceiling Fan(s)
Flooring: Vinyl
Has fireplace: No

Property

Features

Levels: One
Stories: 1

Lot

Size: 9,918.61 Square Feet
Dimensions: 70.85 x 140

Details

Parcel number: 4156127250062

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Stucco
Foundation: Slab
Roof: Pitched,Shingle

Condition

Year built: 2024

Utilities & green energy

Electric: Combined Meters
Water: City
Utilities for property: Electricity Connected, Sewer Connected, Garbage, Cable Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Carlsbad

Financial & listing details

Tax assessed value: $4,992
Annual tax amount: $9,832
Date on market: 10/9/2025
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/9/2025	Pending sale	$1,200,000
Source: New Mexico MLS #20255865 Report a problem
10/9/2025	Listed for sale	$1,200,000
Source: New Mexico MLS #20255865 Report a problem
10/9/2025	Listing removed	$1,200,000
Source: New Mexico MLS #20255733 Report a problem
10/2/2025	Listed for sale	$1,200,000
Source: New Mexico MLS #20255733 Report a problem