An Opportune business venture. This three unit, one level building is ideal for a large family vacation home or to use as rentals. Close to the Ruidoso Downs Race Track and Casino, only ten minutes give or take to beautiful Ruidoso midtown. Ruidoso Downs, a picturesque community in New Mexicorenowned for its natural beauty and recreational opportunities, offers a unique opportunity for real estate investment with its A tri plex zoned R-1 properties. The R-1 zoning designation typically accommodates single-family residential units, promoting a peaceful and suburban atmosphere. 48 hour notice for units #2 & #3 #1 is vacant. Unit #1 is a 2 bedroom 1 bath, with a laundry room and deck, Unit #2 is a 1 bedroom 1 bath efficiency apt., Unit 3 is a 3 bedroom 1 bath with stackable W/D and yard.
For sale
Price cut: $16K (11/12)
$324,000
108 Spring Rd, Ruidoso Downs, NM 88346
6beds
2,100sqft
Est.:
Triplex, Multi Family, Multi Family
Built in 1945
-- sqft lot
$-- Zestimate®
$154/sqft
$-- HOA
What's special
Laundry room
- 316 days |
- 70 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 04:05am
Listed by:
Briggs Legacy 575-937-5654,
Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso 575-257-4011
Source: RLCMLS,MLS#: 132033
Originating MLS: Ruidoso Lincoln County Association of REALTORS
Originating MLS: Ruidoso Lincoln County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Living Room
Heating
- Natural Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Range, Gas Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Main Level Primary
- Flooring: Carpet, Tile
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 2,100 sqft
Property
Parking
- Parking features: Gravel, Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Front Porch, Other
- Exterior features: Rain Gutters
- Fencing: Partial,Wood
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: None
Lot
- Features: Corner Lot, Gentle Sloping, Irregular Lot, Level
Details
- Additional structures: None
- Parcel number: 4077065135099000000
- Zoning: R1
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Triplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Board & Batten Siding, Log, Stone Veneer
- Roof: Metal,Pitched
Condition
- Updated/Remodeled
- Year built: 1945
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
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Palo Verde
HOA
- Amenities included: None
- Services included: None
Location
- Region: Ruidoso Downs
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $78,144
- Annual tax amount: $3,548
- Date on market: 1/31/2025
- Cumulative days on market: 327 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Gravel
Briggs Legacy
(575) 937-5654
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Estimated market value
Not available
Estimated sales range
Not available
$2,215/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Price change | $324,000-4.7%$154/sqft |
Source:  RLCMLS #132033 Report a problem | ||
| 2/3/2025 | Listed for sale | $340,000-5%$162/sqft |
Source: RLCMLS #132030 Report a problem | ||
| 7/5/2023 | Listing removed | -- |
Source: RLCMLS #129192 Report a problem | ||
| 3/28/2023 | Price change | $358,000-3.8%$170/sqft |
Source: RLCMLS #129192 Report a problem | ||
| 2/15/2023 | Listed for sale | $372,000+106.7%$177/sqft |
Source: RLCMLS #129192 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $815 +3.1% | $26,048 +3% |
| 2023 | $791 +6.8% | $25,289 +3% |
| 2022 | $741 +7.1% | $24,552 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,829/mo
Principal & interest
$1570
Property taxes
$146
Home insurance
$113
Climate risks
Neighborhood: 88346
Nearby schools
GreatSchools rating
- 5/10Sierra Vista Primary SchoolGrades: PK-2Distance: 5.3 mi
- 6/10Ruidoso Middle SchoolGrades: 6-8Distance: 4 mi
- 4/10Ruidoso High SchoolGrades: 9-12Distance: 3.8 mi
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