Otero County, NM Apartment buildings for sale

Updated: Jun 29

Renovated 32-Unit Apartment Community

1301-1325 Fillmore Avenue, Alamogordo, NM 88310

$4,099,999

30,952 sqft 1.32 AC lot

32‑unit multifamily investment at 1301–1325 Fillmore Avenue in Alamogordo, NM
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 per unit
Over $1,200,000 in interior/exterior upgrades; fully renovated as of 2024
7.21% current cap rate with 100% occupancy and a clean rent roll

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Otero County, NM, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000

0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Pahrump Land Investment Opportunity

2001 Casino Street, Pahrump, NV 89048

Contact for pricing

0.31 AC lot

0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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San Jacinto Land with Utilities

Rosario, San Jacinto, CA 92583

$155,000

0.33 AC lot

Unique lot with utilities available for multiple residential uses.

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Off-Market Properties in Otero County, NM

Consider similar Off-Market properties in Otero County, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

2100 Stardust Ct, Alamogordo, NM 88310

Value Estimation by Request

1.92 AC lot

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Otero County, NM Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Otero County, NM on our real estate platform. These investment opportunities span a total of 30,952 square feet of properties for sale, with an estimated market value of $4,099,999.

Sale prices for two-family homes in Otero County, NM start at $4,099,999, averaging $4,099,999, and reaching up to $4,099,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Otero County, NM Apartment Buildings for Sale

1301-1325 Fillmore Avenue, Alamogordo, NM 88310