USANMCarlsbadLowe309 N Lake St
309 N Lake St | Image 1
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$255,000

For Sale

2 months ago

309 N Lake St, Carlsbad, NM

House

MLS® 20263298

3 Bed

1 Bath

1300 sqft

1 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1300 sqft
Garage Yes
Taxes $1,744
Days Active 70
Lot Size 0.17 Acres
Approx. Age 1950
Avg. Price Per Sqft $196
MLS® Number 20263298

Property Address: 309 N Lake St, Carlsbad, NM, 88220

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20263298
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1950
BasementCrawl Space
DrivewayDetached
Garage Spaces
HeatForced Air
A/CCentral Air, Refrigerated

Extras

Electric Water Heater

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 4, 2026List Date
$255,000List Price
  • Commute

Commute

Starting Address
Destination Address
309 N Lake St, Carlsbad, NM

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