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1301 Fillmore Avenue, 
Alamogordo, NM 88310

$4,099,999

64

Beds

32

Baths

30,952

Sq Ft

Multi-Family

Active

Listed by

Kyle E Deacon

, 

Marvid Charlson

Deacon Property Services, LLC.

, 

Property Mgt & Investments Of Nm

505-878-0100

Last updated:

September 30, 2026, 04:10 PM

MLS#

2602162

Source:

NM LCAR

About This Home

1301 Fillmore Avenue

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.

Home Facts

Multi-Family

32 Baths

64 Bedrooms

Built in 1983

Subdivision & Development:

Aspen Park

Price Summary

4,099,999

$132 per Sq. Ft.

MLS #:

2602162

Last Updated:

September 30, 2026, 04:10 PM

Added:

3 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

64

Bathrooms

Total Bathrooms:

32

Structure

Structure

Building Area:

30,952 Sq. Ft.

Year Built:

1983

Lot

Lot Size (Sq. Ft):

57,499

Finances & Disclosures

Finances

Price:

$4,099,999

Price per Sq. Ft:

$132 per Sq. Ft.

Source:NM LCAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.