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.
For sale
$4,099,999
1301 Fillmore Ave, Alamogordo, NM 88310
64beds
32baths
30,952sqft
Multi Family
Built in 1983
-- sqft lot
$3,712,800 Zestimate®
$132/sqft
$-- HOA
What's special
- 70 days
- 81
- 5
Zillow last checked:
Listing updated:
Listed by:
Kyle E Deacon 505-803-3775,
Deacon Property Services, LLC 505-878-0100,
Marvid Charlson 575-642-6844,
Property Mgt & Investments of NM
Source: SNMMLS as distributed by MLS GRID,MLS#: 2602162
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 64
- Bathrooms: 32
Heating
- Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Range, Refrigerator, Dishwasher, Microwave Hood
Features
- Flooring: Flooring Foundation: Heavy Duty, Flooring Foundation: Vinyl, Flooring Foundation Remarks: Luxury Vinyl Plank
Interior area
- Total structure area: 30,952
- Total interior livable area: 30,952 sqft
Property
Parking
- Parking features: Paved
Lot
- Size: 1.32 Acres
- Dimensions: 1.01 to 1.5 AC
Details
- Parcel number: 01N4056094416081
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco, Slump Block
- Roof: Asphalt,Pitched
Condition
- Good to Excellent
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Aspen Park
HOA
- Has HOA: No
- Amenities included: Laundry, See Flyer And Apod
Location
- Region: Alamogordo
Financial & listing details
- Price per square foot: $132/sqft
- Tax assessed value: $410,294
- Annual tax amount: $3,490
- Date on market: 7/8/2026
- Listing terms: Cash,Conventional
Estimated market value
$3,712,800
$3.53M - $3.90M
$1,111/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $4,099,999+75.3%$132/sqft |
Source: SNMMLS as distributed by MLS GRID #2602162 Report a problem | ||
| 11/9/2022 | Listing removed | -- |
Source: SNMMLS as distributed by MLS GRID #2201244 Report a problem | ||
| 9/16/2022 | Pending sale | $2,339,292$76/sqft |
Source: SNMMLS as distributed by MLS GRID #2201244 Report a problem | ||
| 4/27/2022 | Listed for sale | $2,339,292$76/sqft |
Source: SNMMLS as distributed by MLS GRID #2201244 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,490 +3.5% | $136,765 +3% |
| 2024 | $3,371 +1.2% | $132,781 +3% |
| 2023 | $3,332 +92.9% | $128,914 +94.3% |
| 2022 | $1,727 -1.7% | $66,353 +0.5% |
| 2021 | $1,756 +1% | $66,029 |
| 2020 | $1,740 +1.4% | $66,029 +2% |
| 2019 | $1,716 +2.8% | $64,735 +1% |
| 2018 | $1,670 +6.5% | $64,094 -25.7% |
| 2017 | $1,568 -23.6% | $86,242 +2% |
| 2016 | $2,052 | $84,550 +2% |
| 2015 | -- | $82,893 |
Find assessor info on the county website
Monthly payment
Est. payment
