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309 N Lake Street, 
Carlsbad, NM 88220

$265,000


3

Beds


1

Bath


1,300

Sq Ft


Single Family

Active

Listed by

Jerika Parent

Meagan Carpenter

Century 21 Dunagan Associates

575-234-1516

Last updated:

June 5, 2026, 01:30 AM

MLS#

20263298

Source:

NM RANM

About This Home

309 N Lake Street

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.

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1950

Price Summary

265,000

$203 per Sq. Ft.

MLS #:

20263298

Last Updated:

June 5, 2026, 01:30 AM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,300 Sq. Ft.


Structure

Structure

Building Area:

1,300 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

7,500


Finances & Disclosures

Finances

Price:

$265,000

Price per Sq. Ft:

$203 per Sq. Ft.

Source:NM RANM
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.