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Local Realty Service Provided By: Coldwell Banker High Desert Realty Co.
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708 N Fifth Street, 
Carlsbad, NM 88220

$1,400,000

—

Bed

2

Baths

9,088

Sq Ft

Multi-Family

Active

Listed by

Amanda Mashaw

Dunagan Associates

575-885-2138

Last updated:

June 5, 2026, 01:21 PM

MLS#

20263251

Source:

NM RANM

About This Home

708 N Fifth Street

Offered for sale is a well maintained 12 unit apartment complex running at a 7.4% CAP rate and is 100% occupied. This 2-story complex offers a newly installed laundry room, eleven 2 bed, 1 bath units and one 1 bed, 1 bath unit all fully furnished. Two-bedroom units are approximately 750 sqf, AC units installed in each apt in 2018, city water, sewer and electric. Located near the Carlsbad High School and PR Leyva Jr High. Dont miss this great investment opportunity located north Carlsbad and in a rapidly growing oil and gas community in the Permian Basin

Home Facts

Multi-Family

2 Baths

Price Summary

1,400,000

$154 per Sq. Ft.

MLS #:

20263251

Last Updated:

June 5, 2026, 01:21 PM

Added:

5 day(s) ago

Rooms & Interior

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

9,088 Sq. Ft.

Structure

Structure

Building Area:

9,088 Sq. Ft.

Lot

Lot Size (Sq. Ft):

18,000

Finances & Disclosures

Finances

Price:

$1,400,000

Price per Sq. Ft:

$154 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.