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    Otero County, NM Residential Income Properties for Sale

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    Albuquerque, NM Santa Fe, NM Las Cruces, 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 10 Potential Opportunities for your consideration. Besides 1 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.

    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
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    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
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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
    Lot: 32.00 Acres
    Value Estimation by Request
    Hamilton Rd

    0 Hamilton Rd, Alamogordo, NM 88310

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    1005 9Th St
    Land
    Lot: 0.80 Acres
    Value Estimation by Request

    1005 9Th St, Alamogordo, NM 88310

    View details
    Central Ave
    Land
    Lot: 0.73 Acres
    Value Estimation by Request
    Central Ave

    0 Central Ave, Tularosa, NM 88352

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    2100 Stardust Ct
    Multifamily properties
    Lot: 1.92 Acres
    Value Estimation by Request

    2100 Stardust Ct, Alamogordo, NM 88310

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    Divers Cv
    Land
    Lot: 4.84 Acres
    Value Estimation by Request
    Divers Cv

    0 Divers Cv, Alamogordo, NM 88310

    View details

    Otero County, NM Residential Income Properties Investment Opportunities Market Analysis

    Explore 6 residential income 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 residential income 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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