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64 Beds
32 Baths
30,952 sqft

$4,099,999

1301 Fillmore Avenue, Alamogordo NM, 88310

Price per sqft$132.46
Built in1983
Property size30,952 sqft
Property typeResidential
Courtesy of Deacon Property Services, LLC, Kyle E Deacon Listing Contact: (505) 803-3775

Overview

Active

Listed Jul 2, 2026

Updated Jul 9

Freedom Flats is a 32-unit multifamily investment located at 1301, 1309, 1317, & 1325 Fillmore Avenue in Alamogordo, New Mexico. The property features four 2-story buildings with 8 units each, built in 1983 on 1.32 acres total. All 32 units are 2 bed 1 bath units with 967 sf per unit. The property has undergone over $1,200,000 in interior and exterior upgrades and is fully renovated as of 2024.Stabilized and cash-flowing, this investment offers a 7.21% current cap rate at 100% occupancy with a clean rent roll. The property is priced at $128,125 per unit and is priced below replacement cost. Current rents trail the comp set by $100-$155, and leases roll through 2026-2027, meaning rent growth is built in and requires no additional investment.

$27,277/mo

Est. mortgage payment based on a $4,099,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2602162

Interior Features

Bedrooms
64
Bathrooms
32
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.32 Acres
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Listings courtesy of Las Cruces Association of REALTORS® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Charlotte Trone shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 2:21 AM UTC on 7/9/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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