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1301-1325 Fillmore Avenue, 
Alamogordo, NM 88310

$4,099,999

16

Beds

8

Baths

30,952

Sq Ft

Multi-Family

Active

Listed by

Kyle E Deacon

Deacon Property Services

505-878-0100

Last updated:

July 2, 2026, 10:16 AM

MLS#

1106535

Source:

NM SWMLS

About This Home

1301-1325 Fillmore Avenue

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.

Home Facts

Multi-Family

8 Baths

16 Bedrooms

Built in 1983

Price Summary

4,099,999

$132 per Sq. Ft.

MLS #:

1106535

Last Updated:

July 2, 2026, 10:16 AM

Added:

10 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

16

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

30,952 Sq. Ft.

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 SWMLS
The information being provided by Greater Albuquerque Aor/Southwest Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Albuquerque Aor/Southwest Mls All rights reserved.

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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.