For sale

$4,099,999

1301-1325 Fillmore Ave, Alamogordo, NM 88310

16beds

8baths

30,952sqft

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Multi Family

Built in 1983

-- sqft lot

$-- Zestimate^®

$132/sqft

$-- HOA

What's special

Freedom Flats is a 32-unit multifamily investment located at 1301 - 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 totaling 967 sf. 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 comparables by $100-$155, and leases roll through 2026-2027, meaning rent growth is built in and requires no additional investment.

7 days

110

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8

Heating

Central, Forced Air

Cooling

Refrigerated, Ceiling Fan(s)

Appliances

Included: Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer
Laundry: Washer Hookup, Dryer Hookup, In Unit

Features

Ceiling Fan(s)
Flooring: Vinyl

Interior area

Total structure area: 30,952
Total interior livable area: 30,952 sqft

Property

Parking

Total spaces: 52

Features

Levels: Two
Stories: 2
Exterior features: Lighting

Lot

Size: 1.32 Acres

Details

Has additional parcels: Yes
Parcel number: O1N4056094416081
Zoning description: R-4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Slump Block

Condition

Resale
New construction: No
Year built: 1983

Utilities & green energy

Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None

Community & HOA

Community

Features: Laundry Facilities

Location

Region: Alamogordo

Financial & listing details

Price per square foot: $132/sqft
Annual tax amount: $14,787
Date on market: 7/1/2026
Listing terms: Cash,Conventional
Total actual rent: 35620
Tenant pays: Electricity, Gas, Other, See Remarks

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/2/2026	Listed for sale	$4,099,999$132/sqft
Source: SWMLS #1106535 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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