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    La Luz, NM Residential Income Properties for Sale

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    Alamogordo, NM Tularosa, NM Timberon, 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 9 Potential Opportunities for your consideration. Besides 1 Active listings in La Luz, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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
    $1,300,000
    0.26 Acres
    Luxury Brand-New Fourplex

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

    1323 Mission Nuevo Drive, Las Cruces, NM 88011

    View details
    Fenced Residential Land with Mobilehome
    $160,000
    0.95 Acres
    Fenced Residential Land with Mobilehome

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

    7125 Fox Road, Las Cruces, NM 88012

    View details
    Ruidoso Commercial Zoned Property
    $305,000
    1,455 SF
    Ruidoso Commercial Zoned Property

    Investment property with remodeling started near Rio Ruidoso.

    138 Paradise Canyon Dr, Ruidoso, NM 88345

    View details
    Multifamily Property with 26 Units
    $1,000,000
    Multifamily Property with 26 Units

    26-unit multifamily property available for sale.

    25912 US-70, Ruidoso, NM 88345

    View details

    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.

    20 Acres Land in Alamogordo
    $800,000
    1,900 SF
    20 Acres Land in Alamogordo

    20 acres of unrestricted land with city utilities available.

    62 Mesa Verde Ranch RD, Alamogordo, NM 88310

    View details
    27 Acres Residential Land
    $299,000
    27.00 Acres
    27 Acres Residential Land

    Residential subdivision development opportunity in Alamogordo, New Mexico.

    1653 Ocotillo DR, Alamogordo, NM 88310

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    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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    Land with Mountain Views
    $82,000
    4.83 Acres
    Land with Mountain Views

    4.825 acre lot with privacy in gated community.

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

    View details

    La Luz, NM Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in La Luz, 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 residential income properties in La Luz, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Mobile home & RV parks 1
    Multifamily properties 1

    Demographics Overview

    Population 1,945
    Population Growth (5Y) -9.1%
    Median Household Income $58,171
    College Educated 32.9%

    High-Yield Neighborhoods for Investment

    Identify La Luz submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    88337 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.95%
    Property Tax per SF $93.11 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Otero County

    New Delisted

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