Alamogordo Homes for Sale

2100 Stardust Court, Alamogordo

This 52-unit community is nestled in tall pines trees on a cul-de-sac just a short distance to the foothills of the Sacramento mountains and short drive to New Mexico's iconic White Sands national monument.The area economy is driven by the military (Holloman air force base, hope to the 54th Fighter group and the MQ-9 Reaper/Predator Drones.)Built in 1986-1987, this 52 unit community has solid 2''x6'' construction, higher end finishes and vaulted ceilings in the upstairs units. The property contains 24 studios, 24 x 1 bedroom/1 bathrooms and 4 two bedrooms, two of which have garages.Based on an ask price of $4,724,000 the current average rents of $821 per month, the property's measures of investment performance include a 9.22 GRM, 7.50% cap rate before reserves

1301-1325 Fillmore Avenue, Alamogordo

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.

909 CEDAR Avenue, Alamogordo

Beautiful home over 1800 sq ft on a corner lot! Featuring 2 spacious bedrooms, 2 bathrooms, and a convenient 1-car garage. Enjoy two comfortable living areas perfect for family or entertaining. Make this home your own by adding your personal touches! Ideally located close to White Sands, offering neighborhood charm and easy access to amenities. Don't miss this fantastic opportunity to create your dream space in a desirable location. Schedule a showing today!

State Rte 2001, Alamogordo

This property is just a few hundred yards from NASA's NM Museum of Space History. Opportunity to develop into a subdivision, retirement community, or as a solar field. The views from this property are breathtaking.

0 Divers Cove, Alamogordo

This is an outstanding 4.84 acre lot surrounded by high-end custom homes, it is adjacent to the Tierra de Suenos Subdivision, and yet it is still very private with great mountain views. Build your dream home or develop the property for your needs. Joint ventures are possible, land lease, replats, use your imagination. This is nearly 5 acres with utilities on three different sides. All information is subject to buyer due diligence.

0 Hamilton Road, Alamogordo

This is a well-located 32+ acre property where much development is occurring. It is priced well and it is very difficult to find such a large parcel in town. Too big for you? Purchase a portion of it. Joint ventures, owner financing, replats, and more is possible. Use your imagination. The zoning map says R1 but the taxes seem to indicate commercial. Come with your plan and let's pass it by planning and zoning. You can also hold for future investments because taxes are low. Buyer due diligence recommended.