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    Otero County, NM Multifamily Properties for Sale

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    Albuquerque, NM Santa Fe, NM Las Cruces, NM
    La Luz Multifamily Investment
    $1,300,000
    3.46 Acres
    La Luz Multifamily Investment

    La Luz, NM 88337

    Growing investment opportunity with 29 spaces in La Luz.
    • High cap rate: Approximate cap rate over 7%, representing a strong investment opportunity.
    • Immediate income with upside: 20 of 29 spaces are occupied, with 11 already rehabbed, providing immediate income and potential for increased revenue.
    • Increasing income: The current owner is actively rehabbing one home every 30 days, increasing gross annual income by over $7,000 monthly.
    • Large 3.46 acre lot: Offering ample space for tenants and potential future development.
    • Convenient location: Located in La Luz, providing convenient access to Alamogordo's schools, shopping, and amenities.
    Updated: Oct 6, 2025
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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.

    Land with Potential Utility Access
    $40,000
    2.71 Acres
    Land with Potential Utility Access

    2+ acre land near Alamogordo, NM, sold as-is.

    26 White Mountain Road, Tularosa, NM 88352

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    Spacious Lot with Mountain Views
    $90,000
    1.16 Acres
    Spacious Lot with Mountain Views

    1.16-acre lot with mountain views, ready for your dream home.

    9200 El Centro Boulevard lot: 4, Las Cruces, NM 88012

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    Land in Las Cruces, NM
    $133,500
    4.04 Acres
    Land in Las Cruces, NM

    4.04 acre lot zoned for house or mobile home.

    7563 El Centro Boulevard, Las Cruces, NM 88012

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    Two-Acre Lot with 360 Views
    $109,000
    2.00 Acres
    Two-Acre Lot with 360 Views

    Two-acre lot in Chaparral, NM with manufactured home allowance.

    1955 Hot Peppers Road, Chaparral, NM 88081

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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.

    2100 Stardust Ct
    Multifamily properties
    Lot: 1.92 Acres
    Value Estimation by Request

    2100 Stardust Ct, Alamogordo, NM 88310

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    Otero County, NM Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Otero County, NM on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,300,000.

    Sale prices for multifamily properties in Otero County, NM start at $1,300,000, averaging $1,300,000, and reaching up to $1,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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