1301 Fillmore Avenue, Alamogordo, NM 88310

Alamogordo
Local realty services provided by:Better Homes and Gardens Real Estate Steinborn & Associates
1301 Fillmore Avenue,Alamogordo, NM 88310
$4,099,999
  • 64 Beds
  • 32 Baths
  • 30,952 sq. ft.
  • Multi-family
  • Active
Listed by: kyle e deacon, marvid charlson
Office: deacon property services, llc.
MLS#:2602162
Source:NM_LCAR

Price summary

  • Price:$4,099,999
  • Price per sq. ft.:$132.46

About this home

Freedom Flats is a 32-unit multifamily investment located at 1301, 1309, 1317, & 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 units with 967 sf per unit. 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 comp set by $100-$155, and leases roll through 2026-2027, meaning rent growth is built in and requires no additional investment.

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Home facts

  • Year built:1983
  • Subdivision & Development:Aspen Park
  • Listing ID #:2602162
  • Added:60 day(s) ago
  • Updated:September 06, 2026 at 03:12 PM

Rooms and interior

  • Bedrooms:64
  • Total bathrooms:32
  • Kitchen Description:Dishwasher, Refrigerator
  • Living area:30,952 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Pitched
  • Year built:1983
  • Building area:30,952 sq. ft.
  • Lot area:1.32 Acres
  • Construction Materials:Frame, Slump Block, Stucco

Finances and disclosures

  • Price:$4,099,999
  • Price per sq. ft.:$132.46

Features and amenities

  • Appliances:Refrigerator

Parking

  • Parking description:Paved Area

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