Ruidoso Investment Property
138 Paradise Canyon Drive Ruidoso, NM 88345
138 Paradise Canyon Drive, Ruidoso, NM, 88345
$305,000
For Sale
$305,000
COMMERCIAL - Ruidoso, NM
Lot Size0.95 Acres
Days on Market93
Property Features for 138 Paradise Canyon Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 4-073-065-258-280
- Lot size
- 0.95 Acres
Taxes and HOA fees
- Tax Description
- Block 14, Lot 2, 3 of Palmer Gateway
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Concrete, Tile - Ceramic
- Building materials
- Frame
- Roof type
- Metal
Listing agency
RE/MAX Classic Realty
(575) 524-8788
Listed by
Eugene A Heathman · License #1925
(575) 937-9330
Added: Apr 20 Updated: May 14 at 3:59PM Checked: Jul 21 at 9:06AM
MLS# 2601261
Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents an excellent investment opportunity in Ruidoso, New Mexico. The property is zoned commercial (C1), one of the few such properties on Paradise Canyon, near the Rio Ruidoso. The existing structure is a triplex with the potential for a four-unit residential rental or commercial space. Remodeling construction has commenced on the three units. One unit is a studio casita nearing completion. Another unit is a two-level structure with separate upstairs and downstairs units, each featuring one bedroom and bath. An additional unit requires remodeling, and there is also a multi-use storage building on the premises. The current units have separate electric meters and gas meters. A single water-sewer meter serves the property. Ample parking is available. The lot size is 0.95 acres. According to the seller, the property has not sustained flood damage.
Key Highlights
- C1 commercial zoning offers a rare opportunity for residential rental and/or commercial use.
- Triplex with potential for 4 units: finish as a triplex or convert to a 4‑unit residential rental.
- Remodeling started, with one studio casita near completion.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with commercial potential in Ruidoso, near Rio Ruidoso.
Where is this triplex located?
The property is located at 138 Paradise Canyon Drive Ruidoso, NM.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: C1 commercial zoning offers a rare opportunity for residential rental and/or commercial use.; Triplex with potential for 4 units: finish as a triplex or convert to a 4‑unit residential rental.; Remodeling started, with one studio casita near completion.
