509 N 5th St Carlsbad, NM 88220
Estimated payment $1,397/month
Highlights
- No HOA
- Patio
- Shed
- 4 Car Detached Garage
- Surveillance System
- Central Air
About This Home
Investment Opportunity Meets Comfortable Living in the Heart of Carlsbad! Welcome to 509 N 5th in Carlsbad, New Mexico — a unique and versatile property offering endless possibilities! The main residence features 3 bedrooms, 2 bathrooms, a cozy fireplace, and even a small basement for added storage or flexible use. Whether you're looking for a primary residence or income-producing potential, this property checks all the boxes. Out back, you'll find a detached 4-car garage with an additional 1-bedroom, 1-bath guest apartment complete with a small kitchen, perfect for extended family, guests, rental income, or a private office space. With separate electric meters for Units A, B, and C, this property offers outstanding potential as an investment opportunity, multi-generational living setup, or owner-occupant income property. Conveniently located in Carlsbad, this rare find combines space, functionality, and income potential all in one package. Don’t miss your chance to own a property with flexibility and opportunity at every turn!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,647
Year Built
- Built in 1945
Lot Details
- 1,612 Sq Ft Lot
- Fenced
Parking
- 4 Car Detached Garage
Home Design
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,404 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room with Fireplace
- Carpet
- Surveillance System
- Basement
Kitchen
- Free-Standing Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Patio
- Shed
Utilities
- Central Air
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R047614
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $1,523 | $64,894 | $2,126 | $62,768 |
| 2022 | $1,421 | $57,594 | $1,472 | $56,122 |
| 2021 | $1,374 | $55,916 | $1,472 | $54,444 |
| 2020 | $1,394 | $56,047 | $1,472 | $54,575 |
| 2019 | $1,382 | $54,415 | $1,472 | $52,943 |
| 2018 | $917 | $36,250 | $1,472 | $34,778 |
| 2017 | $443 | $17,643 | $809 | $16,834 |
| 2015 | $291 | $0 | $0 | $0 |
| 2014 | $252 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/09/2026 05/09/26 | For Sale | $236,000 | +21.0% | $168 / Sq Ft | |
| 08/30/2022 08/30/22 | Sold | -- | -- | -- | View Prior Sale |
| 07/02/2022 07/02/22 | Pending | -- | -- | -- | |
| 06/06/2022 06/06/22 | Price Changed | $195,000 | -4.9% | $111 / Sq Ft | |
| 05/27/2022 05/27/22 | For Sale | $205,000 | 0.0% | $116 / Sq Ft | |
| 05/15/2022 05/15/22 | Pending | -- | -- | -- | |
| 04/28/2022 04/28/22 | Price Changed | $205,000 | -2.4% | $116 / Sq Ft | |
| 04/05/2022 04/05/22 | For Sale | $210,000 | +27.9% | $119 / Sq Ft | |
| 12/06/2018 12/06/18 | Sold | -- | -- | -- | View Prior Sale |
| 10/19/2018 10/19/18 | Pending | -- | -- | -- | |
| 10/19/2018 10/19/18 | For Sale | $164,135 | +164.7% | $135 / Sq Ft | |
| 09/12/2017 09/12/17 | Sold | -- | -- | -- | View Prior Sale |
| 07/25/2017 07/25/17 | Pending | -- | -- | -- | |
| 10/20/2016 10/20/16 | For Sale | $62,000 | -- | $45 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Pioneer Title | |
| Warranty Deed | -- | Alliance Abstract And Title | |
| Interfamily Deed Transfer | -- | Guaranty Title Company | |
| Interfamily Deed Transfer | -- | Guaranty Title Company | |
| Warranty Deed | -- | Guaranty Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $191,468 | FHA | |
| Previous Owner | $3,500,000 | Future Advance Clause Open End Mortgage |
Source: New Mexico MLS
MLS Number: 20262727
APN: 4-156-127-069-106
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Ask me questions while you tour the home.