For sale

$349,000

108 Service Rd, Ruidoso, NM 88345

6beds

2,769sqft

$2,142/mo

Get pre-qualified

Triplex, Multi Family, Multi Family

Built in 1943

-- sqft lot

$341,000 Zestimate^®

$126/sqft

$-- HOA

What's special

Quiet neighborhoodWell-kept triplexUpdated plumbing

Turn-key income opportunity in the cool pines! This renovated, well-kept triplex features three 2-bedroom, 1-bathroom units, each thoughtfully updated and currently occupied by full-time, paying tenants, so your cash flow starts on Day 1. Tucked into a quiet neighborhood with quick access to Ruidoso's hospital complex and more, the property has updated plumbing, electrical, framing, painting, and more. Each unit is low-maintenance and appealing to long-term renters in a town where long-term rentals are very hard to find. Whether you're expanding your portfolio or making your first investment, this triplex delivers reliable returns with none of the renovation legwork. Three units, one roof, zero vacancy = a rare chance to own an established income stream in a bustling tourist town.

8 days

269

17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

Central, Natural Gas

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Gas Oven, Gas Range, Refrigerator, Washer

Features

Has fireplace: No
Fireplace features: None

Interior area

Total interior livable area: 2,769 sqft

Property

Parking

Parking features: Paved, Parking Lot

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Balcony
Exterior features: Balcony
Fencing: Back Yard
Has view: Yes
View description: Trees/Woods

Lot

Size: 7,405 Square Feet
Features: Cleared, Level

Details

Additional structures: Storage
Parcel number: 4074065116383000000
Zoning: C2
Special conditions: Standard
Other equipment: None
Horse amenities: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Triplex, Multi Family, Multi Family
Attached to another structure: Yes

Materials

Wood Siding
Roof: Shingle

Condition

Updated/Remodeled
Year built: 1943

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Palmer Gateway

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $126/sqft
Tax assessed value: $180,759
Annual tax amount: $3,518
Date on market: 8/13/2026
Cumulative days on market: 9 days
Listing terms: Cash,Conventional,1031 Exchange
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$341,000

$324,000 - $358,000

$1,346/mo

Price history

Date	Event	Price
8/13/2026	Listed for sale	$349,000-12.8%$126/sqft
Source: RLCMLS #134525 Report a problem
11/1/2025	Listing removed	$400,000$144/sqft
Source: RLCMLS #131983 Report a problem
8/30/2025	Price change	$400,000-5.9%$144/sqft
Source: RLCMLS #131983 Report a problem
6/7/2025	Price change	$425,000-5.3%$153/sqft
Source: RLCMLS #131983 Report a problem
1/22/2025	Listed for sale	$449,000$162/sqft
Source: RLCMLS #131983 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,820 +3.4%	$60,253 +2.3%
2024	$1,760 +2%	$58,882 +2.3%
2023	$1,725 -0.1%	$57,551 +2.3%
2022	$1,727 +1.9%	$56,259 +2.3%
2021	$1,695 +1.8%	$55,005 +2.3%
2020	$1,666 +6.2%	$53,787 +1.5%
2019	$1,569 +2.8%	$52,991 +2.2%
2018	$1,525 +2.3%	$51,832 +38.2%
2017	$1,491	$37,510 -26%
2015	$1,491 +1.3%	$50,706
2014	$1,472 +5.9%	$50,706
2013	$1,391 -0.1%	$50,706
2012	$1,392 -0.2%	$50,706
2010	$1,394	$50,706