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    Ruidoso, NM
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    Ruidoso, NM Apartment Buildings for Sale

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    Alto, NM Ruidoso Downs, NM Hagerman, NM Capitan, NM Lincoln, NM Hondo, NM Carrizozo, NM
    40-Unit Apartment Building
    Updated: Aug 2
    40-Unit Apartment Building

    110 Starlite Rd, Ruidoso, NM 88345

    Contact for pricing
    28,400 sqft 9.00 AC lot
    40‑unit apartment property with efficiency, studio, one-, two-, and three‑bedroom units
    Over 28,400 square feet of leasable space on 5.5 acres
    Most units occupied under long‑term leases with security deposits on file
    Newer metal roofs across all buildings; interior unit renovations ongoing
    Roughly 2,300 square‑foot lobby and approximately 2,000 square‑foot enclosed storage building
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    12-Unit Two-Level Apartment Building
    Updated: Aug 5, 2025
    12-Unit Two-Level Apartment Building

    106 Granite Dr, Ruidoso, NM 88345

    $2,500,000
    14,336 sqft
    12 fully leased condominium units
    Approved potential for 13 additional units, for a total of 25
    14,336 square feet of property size
    Two‑level layouts with 2 bedrooms per unit
    Each unit includes a fireplace and deck
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    Redevelopment Lodge with 16 Units
    Redevelopment Lodge with 16 Units

    107 El Paso Road, Ruidoso, NM 88345

    $990,000

    Redevelopment-ready property with updated building systems and finish-to-suit options for hospitality, apartments, or office uses.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Ruidoso, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Multifamily Property
    Historic Multifamily Property

    303 Eaton Avenue, Socorro, NM 87801

    $450,000
    4,023 sqft 1.06 AC lot

    Three adobe buildings offer flexible restoration possibilities with up to seven potential residential units.

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    Courtyard Apartment Building
    Courtyard Apartment Building

    115 J O Gallegos Rd, Socorro, NM 87801

    $324,000
    5,124 sqft

    Ten-apartment property with resident parking and a central courtyard in Socorro.

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    8-Unit Residential Income Property
    8-Unit Residential Income Property

    503 Mims, Truth Or Consequences, NM 87901

    Contact for pricing

    Eight residential units are leased in a downtown multifamily complex, offering an income-producing setup for new ownership.

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    Fully Leased Apartment Complex
    Fully Leased Apartment Complex

    470 S Foch St, Truth Or Consequences, NM 87901

    Contact for pricing

    Charming fully leased apartment complex in the historic hot water district of Truth or Consequences, NM.

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    Off-Market Properties in Ruidoso, NM

    Consider similar Off-Market properties in Ruidoso, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    138 Paradise Canyon Dr
    Multifamily properties

    138 Paradise Canyon Dr, Ruidoso, NM 88345

    Value Estimation by Request
    1,622 sqft 0.95 AC lot
    View details
    101 Ct
    Multifamily properties

    101 Ct, Ruidoso, NM 88345

    Value Estimation by Request
    15,052 sqft
    View details

    Ruidoso, NM Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Ruidoso, NM, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 42,736 square feet of properties for sale, with an estimated market value of $3,490,000.

    Sale prices for two-family homes in Ruidoso, NM start at $990,000, averaging $1,745,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 8,005
    Population Growth (5Y) -8.0%
    Median Household Income $51,008
    College Educated 23.8%

    High-Yield Neighborhoods for Investment

    Identify Ruidoso submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    88345 $990K

    Taxes & Financing

    Tax Rate (average for all types) 2.90%
    Property Tax per SF $0.12 per SF
    Tax Rate vs County Average 0.36 pp above county avg
    Average Loan-to-Value 65.0%

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