Homes by Carolyn Fischman

1301-1325 Fillmore Avenue, Alamogordo, NM 88310 (MLS# 1106535)

1301-1325 Fillmore Avenue, Alamogordo, NM 88310

$4,099,999
Property Type: Residential Income Square Footage: 30,952 Lot Size (sq. ft.): 57,499 Status: Active
Current Price: $4,099,999 List Date: 7/01/2026 Last Modified: 7/22/2026

Overview

Description

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.

Listing Details MLS# 1106535

Contract Information

List Price/SqFt
132.46

Location

Street #
1301-1325
Street Name
Fillmore
St Suffix
Avenue
County
Otero
City/Town Code
Alamogordo
State/Province
NM
Zip Code
88310
MLS Area Major
550 - Otero
Zone Atlas
NOZA

General Property Description

# of Units
32
5+ Units
Yes
Units for Sale
32
Property Sub-Type
Multi-Family
Living Area
30952
SqFt Source
Broker
Lot Size Source
On-Line
Acres
1.32
Lot SqFt
57499
Directions
From N. White Sands Blvid: Take Indian Wells Rd to Fillmore Avenue.
Stories
2
Total Stories in Bldg
2
Total # of Buildings
4
Year Built
1983
Year Built Source
Public Records
Age
41 - 50
# Parking Spaces
52
Accessory Dwelling Unit
No
Disability Access
Unknown
LBP Disclosure
No
Builder
Unknown
Owner Occupant Unit
No
Multiple Lots
Four
Flood Zone
AH

Cooling

Centrally Ducted
Yes

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
17
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
1095
Max Rent
1250
Market Rent
1195

More Information

# of Unit Types (2)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
1025
Max Rent
1250
Market Rent
1195

# of Unit Types (3)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
1250
Max Rent
1250
Market Rent
1250

# of Unit Types (4)

# of Units
2
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
1250
Max Rent
1250
Market Rent
1195

# of Unit Types (5)

# of Units
2
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
995
Max Rent
1250
Market Rent
1195

# of Unit Types (6)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
1075
Max Rent
1250
Market Rent
1195

# of Unit Types (7)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
1145
Max Rent
1250
Market Rent
1195

# of Unit Types (8)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
967
Actual Rent
1195
Max Rent
1250
Market Rent
1195

Unit Summary

Total Units
32
Average Unit Size
967
Average Actual Rent
1113.12
Annualized
427440
Total Actual Rent
35620

Property Features

Construction Materials: Frame; Slump Block Build Description: Resale Amenities: Ceiling Fan(s); Laundry Community; Laundry Equip. Owned; Outside Lights; Wshr/Dryr HU in Unit Appliances included: Dishwasher; Dryer; Free-Standing Electric Range; Microwave; Refrigerator; Washer Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Refrigerated Flooring: Vinyl Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: All Owner Pays: Sewer; Some Utilities; Trash Removal; Water Tenant Pays: Electric; Gas; Some Utilities Parking: 1.5 Spaces Per Unit Roof: Shingle Rental Info: 6 Month; Current Lse Agreemnt; Yearly Lease Finance Considered: Cash; Conventional Source: Actual Record Zoning: R-4
Listing Office: Deacon Property Services
Last Updated: July - 22 - 2026
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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