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20-Unit Apartment Building with Individual HVAC
For Sale
Contact for pricing
Pending

1018 Lamont St, Carlsbad, NM 88220

Apartment property with individual HVAC systems, wood and tile flooring, and copper wiring throughout.

Property SizeContact for details
Days on Market142

Property Features for 1018 Lamont St

General Information

Standard status Pending
Property subtype Multifamily
Net Operating Income $67,759

Additional Details

Multifamily Units 20
Listing Agency: Waller Group Homes
Listed By: Logan Waller · License #TX 0479147
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 8:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes

Investment Insights

Based on property information with market context.

North Brook is a 20-unit apartment property in Carlsbad, New Mexico, with individual HVAC systems serving the units. Interiors feature wood and tile flooring along with classic cabinetry. The property is currently self-managed, and ownership has completed routine turnover work rather than extensive renovations.

Half of the roof has been replaced, and the building has copper wiring. There is no on-site laundry facility, and the units do not include washer/dryer connections. The property information identifies potential physical improvements such as adding laundry service or unit connections, updating appliances, flooring, plumbing, and fixtures, but those improvements are not currently in place.

Key Highlights

  • 20‑unit apartment property in Carlsbad, NM
  • Individual HVAC systems in each unit
  • 50% of the roof has been replaced

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store HVAC Service Grocery & Convenience Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

455
Businesses Nearby

Demographics for 88220, NM

40,762
Population
17,692
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
1,907.6 sq mi
ZIP Area
21
Density / Sq Mi
$79,668
Median Household Income
$45,302
Median Earnings
$1,218
Median Rent
$192,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with individual HVAC systems, wood and tile flooring, and copper wiring throughout.
Where is this apartment building located?
The property is located at 1018 Lamont St Carlsbad, NM.
What are key features of this property?
This property features: 20‑unit apartment property in Carlsbad, NM; Individual HVAC systems in each unit; 50% of the roof has been replaced
(214) 818-4109 Call to check price and availability
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