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.
For sale
$4,099,999
1301-1325 Fillmore Ave, Alamogordo, NM 88310
16beds
8baths
30,952sqft
Multi Family
Built in 1983
-- sqft lot
$3,597,300 Zestimate®
$132/sqft
$-- HOA
What's special
- 80 days
- 31
- 1
Zillow last checked:
Listing updated:
Listed by:
Kyle E Deacon 505-878-0100,
Deacon Property Services 505-878-0100
Source: SWMLS,MLS#: 1106535
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
- Cumulative days on market: 80 days
- Listing terms: Cash,Conventional
- Total actual rent: 35620
- Tenant pays: Electricity, Gas, Other, See Remarks
Estimated market value
$3,597,300
$3.35M - $3.81M
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
Est. payment
