309 N Lake Street
Carlsbad, NM 88220
3
Bed
1
Bath
1,300Sqft
7,500Sqft(Lot)
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 accommo
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Basement: Crawl Space -
Flooring Information
Carpet, Tile, Vinyl -
Roofing Information
Shingle -
Interior Features
Ceiling Fan(s), Eat-in Kitchen Roof: Shingle Appliances: Electric Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s), Electric, Central Air
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Building Information
Year Built: 1950 Building Area Total: 1300 Construction Materials: Frame, Stucco Stories: 1 Patio And Porch Features: Deck, Patio Private Pool: No
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Lot Information
Lot Dimensions: 50 x 150 Main Square Feet: 7500 Square Feet Lot Size Acres: 0.1722 Lot Size Square Feet: 7500Property Information
Subdivision: Lowe Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 76
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Listing Price Information
Listing Price: $255000 Original Price: $265000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 4157127049197 Tax Year: 2026 Annual Tax: $1743.82 Tax Legal Desc: Subd: Lowe Lot:5 Block: 87 Quarter: NW S:06 T-22S R: 27E
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Parking Information
Parking Total: 1 DetachedGarage Information
Has Garage: Yes Garage Space: 1
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Utility Information
Electricity Connected, Sewer Connected -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2520 Segovia Court, Carlsbad, NM, 88220 | $429,550 | 4 | 2 | 2,173 | 2,173 SqFt |
| 1301 E Fiesta Drive, Carlsbad, NM, 88220 | $390,000 | 3 | 2 | 1,588 | 1,588 SqFt |
| 2001 E Derrick Road, Carlsbad, NM, 88220 | $552,000 | 3 | 2 | 2,937 | 2,937 SqFt |
| 507 Oakwood Place, Carlsbad, NM, 88220 | $500,000 | 5 | 3 | 2,748 | 2,748 SqFt |
| 3625 S Sunnyview Avenue, Carlsbad, NM, 88220 | $413,370 | 4 | 3 | 2,102 | 2,102 SqFt |
| 5002 Los Nogales Drive, Carlsbad, NM, 88220 | $620,000 | 3 | 3 | 3,780 | 3,780 SqFt |
| 3621 S Sunnyview Avenue, Carlsbad, NM, 88220 | $390,250 | 4 | 3 | 1,898 | 1,898 SqFt |
| 3605 Saguaro Road, Carlsbad, NM, 88220 | $365,000 | 3 | 3 | 1,674 | 1,674 SqFt |
| 3707 N Pat Garrett Road, Carlsbad, NM, 88220 | $418,950 | 5 | 3 | 2,102 | 2,102 SqFt |
| 3721 Honeysuckle Drive, Carlsbad, NM, 88220 | $374,625 | 4 | 2 | 1,897 | 1,897 SqFt |
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Nearby For Sale
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the New Mexico Association of Realtors.
ByOwner last updated this listing 07/02/2026 @ 13:32
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