Discover a prime investment opportunity with this property featuring two homes on a single 0.29-acre lot, located on the outskirts of Carlsbad, NM. Priced at $155,000, this deal is ideal for investors seeking potential rental income. The property includes a 3-bedroom, 1-bath home and a 2-bedroom, 1-bath home. Both homes are fixer-uppers, offering significant potential for those looking to invest in affordable housing with promising returns. Whether you're interested in creating a dual rental income stream or flipping for profit, this property is a great chance to invest in a growing area.
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Price Unknown
5005 Bannister Rd, Carlsbad, NM 88220
5beds
2,768sqft
Single Family Residence
Built in 1979
0.29 Acres Lot
$115,000 Zestimate®
$--/sqft
$3,127 Estimated rent
Home value
$115,000
Estimated sales range
Not available
$3,127/mo
Zestimate® history
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Zillow last checked: 8 hours ago
Listing updated: May 08, 2025 at 10:18am
Listed by:
Jared English 888-881-4118,
Congress Realty, Inc.
Bought with:
Jaqueline Beltran, REC-2022-0828
United Realty, LLC - Carlsbad
Source: New Mexico MLS,MLS#: 20246832
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Has fireplace: No
Interior area
- Total structure area: 2,768
- Total interior livable area: 2,768 sqft
Property
Parking
- Parking features: No Garage
Lot
- Size: 0.29 Acres
Details
- Parcel number: 4160132415010
- Special conditions: Arm Length Sale (Unrelated Parti
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Community & neighborhood
Location
- Region: Carlsbad
- Subdivision: Otis
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2025 | Sold | -- |
Source:  New Mexico MLS #20246832 Report a problem | ||
| 4/23/2025 | Price change | $120,000-7.7%$43/sqft |
Source: New Mexico MLS #20246832 Report a problem | ||
| 12/27/2024 | Price change | $130,000-3.7%$47/sqft |
Source: New Mexico MLS #20246832 Report a problem | ||
| 12/17/2024 | Price change | $135,000-6.9%$49/sqft |
Source: New Mexico MLS #20246832 Report a problem | ||
| 12/13/2024 | Price change | $145,000-6.5%$52/sqft |
Source: New Mexico MLS #20246832 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $372 +2.6% | $18,472 +3% |
| 2023 | $363 +4.1% | $17,934 +3% |
| 2022 | $349 +3.5% | $17,412 +3% |
Find assessor info on the county website
Neighborhood: 88220
Nearby schools
GreatSchools rating
- 7/10Desert Willow Elementary SchoolGrades: K-5Distance: 3.9 mi
- 8/10Carlsbad Intermediate SchoolGrades: 6-8Distance: 6.3 mi
- 6/10Carlsbad High SchoolGrades: 9-12Distance: 7.5 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$115,000
2% more
+$2,300
With Zillow Showcase(estimated)
$117,300
- New Mexico
- Eddy County
- Carlsbad
- 88220
- 5005 Bannister Rd