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Carlsbad, NM Multifamily Home for Sale

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    $220,000

    109 & 107 N Elm St, Carlsbad, NM 88220

    Investment Opportunity: Unique 4-Unit Property! Ready to make a smart investment in the real estate market? This property features four units, providing a fantastic opportunity for both seasoned investors and first-time buyers. Two of the units are 1-bedroom, 1-bath residences, each with a separate kitchen. The other two units are smaller studio-like duplex. While the property does require some

    Veronica Methola CENTURY 21 DUNAGAN ASSOCIATES

    109 & 107 N Elm St, Carlsbad, NM 88220

Why Live in Carlsbad

Carlsbad, NM, known as “The Pearl on the Pecos,” is situated in the Chihuahuan Desert and serves as the seat of Eddy County. This small city is experiencing an oil boom, driven by petroleum production and potash mining, with many residents working in the oil fields or enjoying retirement. The housing market caters to the working class, featuring ranch-style homes from the 1950s to the 1970s on quarter-acre lots, and newer two-story homes with Pueblo Revival or Craftsman-style details on larger lots. Carlsbad Early College High, the district's highest-rated school, offers dual enrollment courses at Southeast New Mexico College. The city boasts over 30 parks, including Halagueno Arts Park, known for its public art and annual Art in the Park festival, and Lake Carlsbad Beach Park, which offers swimming and kayaking. Carlsbad Caverns National Park, a UNESCO World Heritage site, is 20 miles away, while Sitting Bull Falls is 42 miles west. The walkable downtown area, Carlsbad MainStreet, features local restaurants, boutiques, and murals, with Tex-Mex cuisine being a staple. Commuting options include highways leading to Roswell and El Paso, a local transit system, and the regional Cavern City Air Terminal. Carlsbad has lower crime rates compared to state and national averages, with the Carlsbad Police Department providing comprehensive safety measures.

Home Trends in Carlsbad, NM

Housing Trends

Median Sale Price
$350,000
Median Single Family Sale Price
$360,599
Average Price Per Sq Ft
$186
Number of Homes for Sale
16
Last 12 months Home Sales
337
Months of Supply
0.60
Median List Price
$361,249
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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