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    Otero County, NM Multifamily Properties for Sale

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    Albuquerque, NM Rio Rancho, NM Santa Fe, 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 Organ Mountain Views
    $80,000
    1.26 Acres

    Land with Organ Mountain Views

    1.26 acre lot with mountain views in Las Cruces.

    9455 Luna Vista Road, Las Cruces, NM 88012
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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
    View details
    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
    View details
    Las Cruces Land For Sale
    $75,000
    1.00 Acre

    Las Cruces Land For Sale

    One acre lot suitable for building or mobile home.

    5047 Balsam Road, Las Cruces, NM 88011
    View details

    Explore 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

    2100 Stardust Ct

    Multifamily properties • 1.92 Acres
    Value Estimation by Request
    2100 Stardust Ct, Alamogordo, NM 88310
    View details

    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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