C1-Zoned Triplex
For Sale
$305,000
138 Paradise Canyon Drive, Ruidoso, NM 88345
Commercial Sale, Ruidoso, NM
Property SizeContact for details
Lot Size0.95 Acres
Days on Market139
Property Features for 138 Paradise Canyon Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Palmer Gateway
Directions
map App
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
Legal 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
Tile - Ceramic, Concrete, Carpet
Building materials
Frame
Roof type
Metal
Listing Agency:
RE/MAX Classic Realty · RE/MAX International
(575) 524-8788
Listed By:
Eugene A Heathman · License ##19925
(575) 937-9330
Added: Apr 20
Changed: Sep 2
Last Checked: Sep 5 at 4:06AM
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 0.95-acre C1-zoned property is configured for triplex use and includes several residential spaces at different stages of completion. A studio casita is nearing completion, while a two-level structure contains separate upstairs and downstairs spaces, each with one bedroom and one bath. Another unit requires remodeling, and a separate multi-use storage building is also included. Construction materials include frame, with ceramic tile, concrete, and carpet flooring and a metal roof.
The property is located on Paradise Canyon Drive near the Rio Ruidoso in Ruidoso, New Mexico. Electrical service is separately metered for the current units, with individual gas meters, while water and sewer are served through public systems using a single meter. The site also offers ample parking.
The property is located on Paradise Canyon Drive near the Rio Ruidoso in Ruidoso, New Mexico. Electrical service is separately metered for the current units, with individual gas meters, while water and sewer are served through public systems using a single meter. The site also offers ample parking.
Key Highlights
- 0.95‑acre C1‑zoned property on Paradise Canyon Drive
- Triplex configuration with remodeling construction underway
- Studio casita near completion
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 88345, NM
8,423
Population
8,844
Households
1
Avg Household Size
52
Median Age
33%
College-Educated
92%
High-School Grad
39.3 sq mi
ZIP Area
214
Density / Sq Mi
$51,008
Median Household Income
$30,842
Median Earnings
$916
Median Rent
$232,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Remodeling is underway across multiple residential spaces with separate electric and gas metering.
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: 0.95‑acre C1‑zoned property on Paradise Canyon Drive; Triplex configuration with remodeling construction underway; Studio casita near completion
