Listing Agency: Marcus & Millichap - Dallas

Listed By: Trey Green · License #TX

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 1:37PM

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Investment Insights

Based on property information with market context.

This multifamily property comprises 101 apartment units at 601 W Orchard Ln in Carlsbad, New Mexico. The asset is classified as an apartment building and is offered for sale.

Key Highlights

• 101 apartment units
• Located at 601 W Orchard Ln, Carlsbad, NM 88220

Property Analytics

Property Profile

Current Use

Cielo Vista Apartments Apartment Complex

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

101

Residential units

Location Intelligence

Trade Area within ½ mile

70

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property at 601 W Orchard Ln in Carlsbad, New Mexico.

Where is this apartment building located?

The property is located at 601 W Orchard Ln Carlsbad, NM.

What are key features of this property?

This property features: 101 apartment units; Located at 601 W Orchard Ln, Carlsbad, NM 88220