Alamogordo, NM Residential income properties 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 property at 1301–1325 Fillmore Avenue, 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
Fully renovated as of 2024 with over $1,200,000 in interior and exterior upgrades
Stabilized with 100% occupancy and a clean rent roll; current cap rate of 7.21%

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 1 Active listings in Alamogordo, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Luxury Brand-New Fourplex

1323 Mission Nuevo Drive, Las Cruces, NM 88011

$1,300,000

0.26 AC lot

Turnkey fourplex with four identical two-story units, individually metered utilities, and attached double-car garages.

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Ruidoso Investment Property Opportunity

138 Paradise Canyon Drive, Ruidoso, NM 88345

$305,000

0.95 AC lot

Triplex with commercial potential in Ruidoso, near Rio Ruidoso.

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Fenced Residential Land with Mobilehome

7125 Fox Road, Las Cruces, NM 88012

$160,000

0.95 AC lot

Fully fenced nearly one-acre homesite with a 2-bed, 1-bath single-wide and two gated entrances.

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Ruidoso Commercial Zoned Property

138 Paradise Canyon Dr, Ruidoso, NM 88345

$305,000

1,455 sqft

Investment property with remodeling started near Rio Ruidoso.

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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.

27 Acres Residential Land

1653 Ocotillo DR, Alamogordo, NM 88310

$299,000

27.00 AC lot

Residential subdivision development opportunity in Alamogordo, New Mexico.

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20 Acres Land in Alamogordo

62 Mesa Verde Ranch RD, Alamogordo, NM 88310

$800,000

1,900 sqft · 20.00 AC lot

20 acres of unrestricted land with city utilities available.

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Land with Mountain Views

Lady Of The Mountain lot: 2D, Alamogordo, NM 88310

$82,000

4.83 AC lot

4.825 acre lot with privacy in gated community.

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Land with Potential Utility Access

26 White Mountain Road, Tularosa, NM 88352

$40,000

2.71 AC lot

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

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Off-Market Properties in Alamogordo, NM

Consider similar Off-Market properties in Alamogordo, 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.

Land

0 Hamilton Rd, Alamogordo, NM 88310

Value Estimation by Request

32.00 AC lot

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Land

1005 9Th St, Alamogordo, NM 88310

Value Estimation by Request

0.80 AC lot

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Multifamily properties

2100 Stardust Ct, Alamogordo, NM 88310

Value Estimation by Request

1.92 AC lot

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Land

0 Divers Cv, Alamogordo, NM 88310

Value Estimation by Request

4.84 AC lot

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Alamogordo, NM Residential Income Properties Market Trends and Statistics

Explore 5 residential income properties for sale in Alamogordo, 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 residential income properties in Alamogordo, 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.

Alamogordo, NM Residential Income Properties for Sale

1301-1325 Fillmore Avenue, Alamogordo, NM 88310