708 N Fifth Street, Carlsbad, NM 88220

Listing office Dunagan Associates

Listing date Jun 4, 2026

Source Crexi

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Overview

This offering is a well-maintained 12-unit, two-story apartment complex configured with eleven 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All units are fully furnished. The property features a newly installed laundry room and individual AC units installed in 2018. City water, sewer, and electric services are provided for the building.

The complex is located near Carlsbad High School and PR Leyva Jr High. The surrounding area is described as being in the north Carlsbad area.

The property is offered for sale with 100% occupancy in place, and the seller’s remarks cite a 7.4% cap rate. With a mix of 2-bedroom and 1-bedroom floorplans, it may fit operators seeking a furnished, turn-ready multifamily asset supported by in-unit cooling updates completed in 2018 and a recent addition of on-site laundry facilities.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Carlsbad

County

Eddy

State

New Mexico

Longitude

-104.2524032

Latitude

32.4284539

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FAQs

What type of property is this?

Apartment building - Well-maintained two-story complex with fully furnished units and on-site laundry, currently 100% occupied.

Where is this apartment building located?

The property is located at 708 N Fifth Street Carlsbad, NM.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 12‑unit apartment complex, 100% occupied; Unit mix: eleven 2 bed, 1 bath units and one 1 bed, 1 bath unit; Two‑bedroom units are approximately 750 SF