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    Otero County, NM Residential Income Properties for Sale

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    Albuquerque, NM Santa Fe, NM Las Cruces, NM Rio Rancho, NM Farmington, NM Santa Teresa, NM Taos, NM Belen, NM
    La Luz Multifamily Investment
    Updated: Oct 6, 2025
    La Luz Multifamily Investment

    La Luz, NM 88337

    $1,300,000
    3.46 AC lot
    29 total spaces on 3.46 acres, with 20 manufactured homes currently occupied
    All manufactured homes have separate metering, with existing meter infrastructure on site
    11 of the 20 occupied homes are already rehabbed
    Owner‑rehab process underway: rehabbing one home every 30 days to increase gross annual income by over $7,000 every 30 days
    Heating includes central and forced‑air systems
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    Renovated 32-Unit Apartment Community
    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 investment at 1301–1325 Fillmore Avenue in 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
    Over $1,200,000 in interior/exterior upgrades; fully renovated as of 2024
    7.21% current cap rate with 100% occupancy and a clean rent roll
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    Mobile Home and RV Park Community
    Mobile Home and RV Park Community

    1000 MESCALERO AVE, Alamogordo, NM 88310

    $1,400,000

    Community offers 25 rentable units, with 92% occupancy and city water and sewer services.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Otero County, NM, we suggest exploring several alternatives: similar 5 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
    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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    27 Acres Residential Land
    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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    Land with Mountain Views
    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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    Residential Land Near Grindstone Lake
    Residential Land Near Grindstone Lake

    104 Middle Fork lot: 44A, Ruidoso, NM 88345

    $95,000
    0.48 AC lot

    0.485 acre lot near National Forest and Grindstone Lake.

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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.

    Hamilton Rd
    Land

    0 Hamilton Rd, Alamogordo, NM 88310

    Value Estimation by Request
    32.00 AC lot
    View details
    1005 9Th St
    Land

    1005 9Th St, Alamogordo, NM 88310

    Value Estimation by Request
    0.80 AC lot
    View details
    Central Ave
    Land

    0 Central Ave, Tularosa, NM 88352

    Value Estimation by Request
    0.73 AC lot
    View details
    2100 Stardust Ct
    Multifamily properties

    2100 Stardust Ct, Alamogordo, NM 88310

    Value Estimation by Request
    1.92 AC lot
    View details
    Divers Cv
    Land

    0 Divers Cv, Alamogordo, NM 88310

    Value Estimation by Request
    4.84 AC lot
    View details

    Otero County, NM Residential Income Properties Market Trends and Statistics

    Explore 8 residential income properties for sale in Otero County, NM, showcased through 3 active listings 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 Otero County, 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.

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