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1301-1325 Fillmore Avenue Alamogordo, NM $ 4,099,999
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1301-1325 Fillmore Avenue
$ 4,099,999
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1301-1325 Fillmore Avenue

Alamogordo, NM, 88310
$ 4,099,999
Bedrooms16 Baths8.0 Sq 30,952

Monthly Estimate*

$ 25,888

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Multi-Family Home for sale in Alamogordo, NM

for $4,099,999 with 16 bedrooms and 8 full baths. This 30,952 square foot home was built in 1983 on a lot size of 1.32.

Freedom Flats is a 32-unit multifamily investment located at 1301 - 1325 Fillmore Avenue in Alamogordo, New Mexico. The property features four 2-story buildings with 8 units each, built in 1983 on 1.32 acres total. All 32 units are 2 bed 1 bath totaling 967 sf. The property has undergone over $1,200,000 in interior and exterior upgrades and is fully renovated as of 2024.Stabilized and cash-flowing, this investment offers a 7.21% current cap rate at 100% occupancy with a clean rent roll. The property is priced at $128,125 per unit and is priced below replacement cost. Current rents trail the comparables by $100-$155, and leases roll through 2026-2027, meaning rent growth is built in and requires no additional investment.

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Multi-Family Active

Price

$ 4,099,999

Bedrooms

16

Full Bath

8

Property Type

Multi-Family

Taxes

$ 14,787

Style

Lot Size

1.32

Year Built

1983

Town/City

Alamogordo

County/Region

Otero

MLS | Web ID

1106535
Features
General
Heating Central Forced Air
Cooling Refrigerated Ceiling Fan(s)
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Dryer Dishwasher Free-Standing Electric Range Microwave Refrigerator Washer
Construction Materials Frame Slump Block
Year Built 1983
Tenant Pays Electricity Gas Other See Remarks
Stories Count 2
Levels Two
Property Subtype Multi Family
Gross Income 420120
Community Features Laundry Facilities
County Otero
Operating Expense 137195.8
New Construction false
Property Type Residential Income
Green Energy Generation None
Status Active
Directions From N. White Sands Blvid: Take Indian Wells Rd to Fillmore Avenue.
City Alamogordo
Disclosures Principal is Real Estate Licensed RANM 2100 Disclosure
Zoning Description R-4
Number Of Units Total 32
MLS Area 550 - Otero
Lot Size Square Feet 57499
Listing Terms Cash Conventional
Tax Annual Amount 14787.2
Property Condition Resale
Additional Parcels Y/N true
Builder Name Unknown
Standard Status Active
Year Built Source Public Records
Total Actual Rent 35620
Property Sub Type Additional Multi Family
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Vinyl
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Washer Hookup Dryer Hookup In Unit
Total Bedrooms 16
Total Baths 8
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Exterior
Exterior Amenities Lighting
Total Parking 52
Number of Buildings 4
Building Area Total 30952
Lot Size Acres 1.32
Lot Size Source Public Records
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* Excluded Features
List By
Kyle E Deacon

Listing Agent

Deacon Property Services

Broker

kdeacon24@swcp.com

Email

Affordability Calculator

$27,120
Per Month
95%
5%
0%
Monthly Principal & Interest
$25,888
Monthly Property Taxes
$1,232
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/2/2026$4,099,999 Listed Price

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1301-1325 Fillmore Avenue, Alamogordo, NM, 88310 is a Multi-Family Home for sale at $4,099,999 with 30,952 sqft and a lot size of 1.32. 1301-1325 Fillmore Avenue has 16 bedrooms, 8.0 baths, and was built in 1983. The property's zip code is 88310 which is in Alamogordo, NM

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