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. Currently, two of the units are rented at $750/month each, while the third commands $1,200/month, with projected future rents potentially higher. 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 passive income producing Tri-Plex!
For sale
$449,000
108 Service Rd, Ruidoso, NM 88345
6beds
2,769sqft
Est.:
Residential, Triplex
Built in 1943
-- sqft lot
$435,000 Zestimate®
$162/sqft
$-- HOA
What's special
Well-maintained units
- 93 days
- on Zillow |
- 115 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2025 at 08:47am
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
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mountain,See Remarks
- Property subtype: Residential, 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: $162/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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