RARE TRI-PLEX in Ruidoso, NM! This unique 2,769 +- sq ft, great investment opportunity, features 3 well-maintained units. Each unit has 2 bedrooms and 1 bath. Located near bustling Sudderth Dr., it offers both convenience and appeal. Updates include: New 2x6 framing, new gas lines, new furnaces, new incoming water lines, new fixtures, electricity brought up to code, and new sewer lines. Fully rented, consistent 10 year plus month to month renters. This creates a robust rental income stream and an impressive cap rate. Ideal for investors or those seeking a multifamily living arrangement, this tri-plex combines location, income potential, and long-term value. Don't miss out on this rare income producing Tri-Plex!
For sale
Price cut: $24K (6/7)
$425,000
108 Service Rd, Ruidoso, NM 88345
6beds
2,769sqft
Est.:
Residential, Multi Family, Triplex
Built in 1943
-- sqft lot
$-- Zestimate®
$153/sqft
$-- HOA
What's special
Well-maintained units
- 199 days
- on Zillow |
- 95 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 10:56am
Listed by:
Patrick Valliant 575-213-5669,
Better Homes & Gardens Real Estate - Steinborn & Associates 855-784-3676
Source: RLCMLS,MLS#: 131983

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dryer, Gas Oven, Gas Range, Refrigerator, Washer
Features
- Appliances Only
- Flooring: Carpet, Tile
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,769
- Total interior livable area: 2,769 sqft
Property
Parking
- Parking features: Parking Lot, Paved
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch
- Exterior features: Balcony, Dog Run
- Fencing: Back Yard
- Has view: Yes
- View description: Mountain(s), Trees/Woods
Lot
- Size: 7,405.2 Square Feet
- Features: Cleared, Forestry Compliance, Level
Details
- Additional structures: Storage
- Parcel number: 4074065116383000000
- Zoning: C2
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mountain,See Remarks
- Property subtype: Residential, Multi Family, Triplex
Materials
- Wood Siding
- Roof: Shingle
Condition
- Fixer,Updated/Remodeled
- Year built: 1943
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Palmer Gateway
Location
- Region: Ruidoso
Financial & listing details
- Price per square foot: $153/sqft
- Tax assessed value: $176,646
- Annual tax amount: $4,927
- Date on market: 1/22/2025
- Electric utility on property: Yes
- Road surface type: Paved
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