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309 N Lake St

Carlsbad, NM 88220
  • $255,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 20263298
UPDATED: 21 min ago
$255,000
  • 3
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,300
    SQFT
  • $196
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Charming property with exceptional versatility and income potential in the heart of town. The main residence offers approximately 1,300 square feet of comfortable living space with 3 bedrooms and 1 bathroom, complemented by a detached 1-car garage. Situated at the rear of the property is a separate approximately 444-square-foot guest house featuring a loft area, private entrance, and convenient alley access with dedicated parking. Currently generating $2,450 in monthly rental income, with the main home leased at $1,500 per month and the rear unit at $950 per month, this property presents an attractive opportunity for investors seeking immediate cash flow. At the same time, its flexible layout makes it equally appealing for owner-occupants looking for additional rental income, guest accommodations, or multigenerational living options. The shared laundry area is in the garage for added convenience. Well-loved and full of character, this property offers a welcoming atmosphere, established rental history, and plenty of potential for its next owner. Tenants may convey with the sale or be provided a 30-day notice, offering flexibility to suit a variety of buyer needs.

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© 2026 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than Rivas Real Estate are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2026-08-15T21:15:07.02.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
www.rivasrealestatenm.com/homes/177289663
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309 N Lake St Carlsbad, NM 88220

  • Price: $255,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 21 min ago
  • MLS #: 20263298
3
Beds
1
Baths
0
½ Baths
0.17
Acres
1,300
SQFT
$196
$/SQFT
1950
Built
Neighborhood:
Lowe
County:
Eddy
Area:
Carlsbad
Elementary School:
None/Other
Middle School:
None/Other
High School:
None/Other
Property Description
Charming property with exceptional versatility and income potential in the heart of town. The main residence offers approximately 1,300 square feet of comfortable living space with 3 bedrooms and 1 bathroom, complemented by a detached 1-car garage. Situated at the rear of the property is a separate approximately 444-square-foot guest house featuring a loft area, private entrance, and convenient alley access with dedicated parking. Currently generating $2,450 in monthly rental income, with the main home leased at $1,500 per month and the rear unit at $950 per month, this property presents an attractive opportunity for investors seeking immediate cash flow. At the same time, its flexible layout makes it equally appealing for owner-occupants looking for additional rental income, guest accommodations, or multigenerational living options. The shared laundry area is in the garage for added convenience. Well-loved and full of character, this property offers a welcoming atmosphere, established rental history, and plenty of potential for its next owner. Tenants may convey with the sale or be provided a 30-day notice, offering flexibility to suit a variety of buyer needs.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials FrameStucco Covered Spaces 1 Exterior Features DeckPatio Garage YN Yes Mobile Length 0 Mobile Width 0 Open Parking YN Yes Parking Features Detached Parking Total 1 Pool Private YN No Roof PitchedShingle Spa YN No View YN No

Interior Features

Basement Crawl Space Building Area Total 1300 Cooling Central AirRefrigerated Cooling YN Yes Fireplace YN No Flooring CarpetTileVinyl Heating Forced Air Heating YN Yes Inclusions Electric Water Heater Interior Features AtticCeiling Fan(s)Audio/Video Surveillance Rooms Total 4

Property Features

Adu YN No Association YN No Construction Status Blt./Standing Covenants YN No Fencing Cross Fenced For Lease YN No Frontage Length 50.0 Home Warranty YN No Horse YN No Lease Considered YN No Lease Hold YN No Listing Terms CashConventionalFHAVA Loan New Construction YN No Property Attached YN No Property Sub Type Single Family Site Build Senior Community YN No Short Term Rental YN No Tax Annual Amount 1744 Topography Cross Fenced Utilities Electricity ConnectedSewer Connected Water Source Public Waterfront YN No

Listing courtesy of Century 21 Dunagan Associates: 575-234-1516.
© 2026 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than Rivas Real Estate are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2026-08-15T21:15:07.02.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
 
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3420 N. Grimes Ste 100
Hobbs NM, 88240