32-Unit Apartment
For Sale
$4,099,999
1301-1325 Fillmore Avenue, Alamogordo, NM 88310
MULTI_FAMILY - Alamogordo, NM
Property Size30,952 SF
Lot Size1.32 Acres
Price / SF$132.46
Days on Market45
Property Features for 1301-1325 Fillmore Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-4
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 15, Bedroom 2, Bedroom 14, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 16, Bathroom 5, Bathroom 2, Bedroom 4, Bedroom 10, Bedroom 8, Bathroom 6, Bedroom 9, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 13, Bedroom 11, Bedroom 6, Bedroom 12, Bathroom 7, Bathroom 8, Bedroom 3
Parking
52
Interior features
CeilingFans
Exterior features
Lighting
Appliances
Dryer, Dishwasher, FreeStandingElectricRange, Microwave, Refrigerator, Washer
Directions
From N. White Sands Blvid: Take Indian Wells Rd to Fillmore Avenue.
Subdivision
550 - Otero
Standard status
Active
APN
O1N4056094416081
Size
30,952 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Annual Amount
14787
Utilities
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s)
Building Details
Year built
1983
Floors in Building
2
Number of units
32
Flooring type
Vinyl
Building materials
Frame, SlumpBlock
Listing Agency:
Deacon Property Services
(505) 878-0100
Listed By:
Kyle E Deacon · License #15579
(505) 878-0100
Added: Jun 29
Changed: Aug 3
Last Checked: Aug 12 at 2:06AM
MLS# 1106535
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freedom Flats is a 32-unit multifamily investment consisting of four 2-story buildings with eight units each. The property was built in 1983 and sits on 1.32 acres. All 32 units are 2-bed, 1-bath homes totaling 967 SF, with amenities that include ceiling fans, central forced-air heating, and in-unit appliances such as washer, dryer, dishwasher, microwave, refrigerator, and free-standing electric range.
The exterior features include lighting, and the property is described as fully renovated as of 2024 following interior and exterior upgrades totaling more than $1,200,000. Operations are presented as stabilized, with a 7.21% current cap rate at 100% occupancy and a clean rent roll. Leases are stated to roll through 2026–2027.
The building area is listed as 30,952 SF, supporting a consistent unit mix across the four structures.
The exterior features include lighting, and the property is described as fully renovated as of 2024 following interior and exterior upgrades totaling more than $1,200,000. Operations are presented as stabilized, with a 7.21% current cap rate at 100% occupancy and a clean rent roll. Leases are stated to roll through 2026–2027.
The building area is listed as 30,952 SF, supporting a consistent unit mix across the four structures.
Key Highlights
- 32 units across four 2‑story buildings with 8 units each
- All units are 2‑bed, 1‑bath totaling 967 SF
- Built in 1983 on 1.32 acres
Property Analytics
Current Use
Lease Details
32
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 88310, NM
35,935
Population
18,112
Households
2
Avg Household Size
40
Median Age
25%
College-Educated
92%
High-School Grad
618.9 sq mi
ZIP Area
58
Density / Sq Mi
$53,833
Median Household Income
$35,616
Median Earnings
$877
Median Rent
$164,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four 2-story buildings with 32 renovated units, all configured as 2-bed, 1-bath apartments.
Where is this apartment building located?
The property is located at 1301-1325 Fillmore Avenue Alamogordo, NM.
What is the asking price?
The asking price for this property is $4,099,999.
What are key features of this property?
This property features: 32 units across four 2‑story buildings with 8 units each; All units are 2‑bed, 1‑bath totaling 967 SF; Built in 1983 on 1.32 acres
