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
$2,943,200 Zestimate®
$132/sqft
$-- HOA
What's special
- 109 days
- 45
- 2
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
- Date on market: 7/8/2026
- Listing terms: Cash,Conventional
Estimated market value
$2,943,200
$2.06M - $4.27M
$1,105/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $4,099,999$132/sqft |
Source: SNMMLS as distributed by MLS GRID #2602162 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
