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    Otero County, NM Residential Income Properties for Sale

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    La Luz Mobile Home Park
    $1,300,000
    3.46 Acres

    La Luz Mobile Home Park

    1 Sams Ct, La Luz, NM 88337

    20-space mobile home park on 3.46 acres in La Luz, NM.

    • High Cap Rate: Approximately over 6% offers a strong return on investment.
    • Value‑Add Potential: Opportunity to add 3‑4 additional homes to maximize returns.
    • Large Lot Size: 3.46 acres provides ample space for flexible management and future improvements.
    • Steady Income Potential: Established 20‑space mobile home park generates consistent revenue.
    • Convenient Location: Minutes from Alamogordo, providing easy access to amenities.
    Updated: Oct 23, 2025
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    Alamogordo Multifamily Investment
    $4,724,000
    1.92 Acres

    Alamogordo Multifamily Investment

    2100 Stardust Ct, Alamogordo, NM 88310

    52-Unit Apartment Complex, High Cap Rate

    • $4,724,000 asking price for a 52‑unit apartment building in Alamogordo, NM.
    • 7.25% cap rate, 7.98% pro‑forma cap rate, with a NOI of $342,544 and a pro‑forma NOI of $377,100.
    • Recently renovated (2022) 52‑unit multifamily property, consisting of 7 buildings on a 1.92‑acre lot.
    • Located near White Sands National Monument and Holloman Air Force Base.
    • Property features a mix of studio, one‑bedroom, and two‑bedroom units.
    Updated: Dec 11, 2024
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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Otero County, NM, we suggest exploring several alternatives: similar 5 Off-Market properties to explore as potential leads, plus 1 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.

    20 Acres with Development Potential
    $850,000
    20.00 Acres

    20 Acres with Development Potential

    Unrestricted 20-acre land near city amenities, ideal for development.

    62 Mesa Verde Ranch Rd, Alamogordo, NM 88310
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    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 Residential Income Properties Investment Opportunities Market Analysis

    Explore 3 residential income properties for sale in Otero County, NM on our real estate platform. These investment opportunities span a total of 234,353 square feet of properties for sale, with an estimated market value of $6,024,000.

    Prices for residential income properties in Otero County, NM start at $1,300,000, averaging $3,012,000, and reaching up to $4,724,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Browse Residential income properties for Sale Near Otero, NM

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