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107 S 8th St, Carlsbad, NM, 88220

2beds
1baths
1,900sqft
$189,000
$99price/sqft
$1,314/moest. monthly cost
$52,560/yrincome needed

About This Home

Investor Opportunity Fully Occupied Duplex! This multi-family duplex is perfect for investors seeking a property with immediate income! Featuring two one-bedroom units, both currently occupied with tenants, this is a turnkey investment you don't want to miss. Each unit offers comfortable living spaces and steady rental income potential. The property is located in a convenient area close to schools, shopping, and local amenities. Whether you're expanding your rental portfolio or getting started in real estate investing, this duplex is an ideal fit!

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

10/10
2/10
6/10
Carlsbad High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1960

Materials

  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1

Features

  • Flooring: Tile

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,900
  • Total interior livable area: 1,900 sqft

Property

Details

  • Parcel number: 4155127428286

Features

  • Stories: 1
  • Fencing: Cross Fenced,Fence
  • Frontage length: 50.0
  • Topography of land: Cross Fenced, Fence

Lot

  • Lot size: 1,742 sqft
  • Lot size dimensions: 50.0x75.0x75.0

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Winter Weather
Lightning
Strong Wind
Cold Wave
Hail
Heat Wave
Inland Flooding
Ice Storm

FEMA Declared Disasters in Eddy County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $955$11,460
Home Insurance *$141$1,692
Property Taxes $70$840
Electricity $148$1,780
Total$1,314$15,768
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$45,051/yr
40% on housing$39,420/yr
45% on housing$35,040/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 6.8%
6.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$99This listing

vs Other Active Listings

Avg $/sqft

ZIP 88220$153
Eddy County$143

vs Homes Sold Last Month

Median $/sqft

ZIP 88220$193
Eddy County$184

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Price change$175,000
2026-03-12Price change$189,000
2025-12-18Price change$190,000
2025-10-29Listed for sale$208,000
2020-07-28Sold--

For Sale by Agent

AgentVeronica Methola
BrokerageCentury 21 Dunagan Associates

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