12-Unit Two-Level Apartment
For Sale
$2,500,000
106 Granite Dr, Ruidoso, NM 88345
Fully leased residences feature two-level layouts with private decks, fireplaces, and multiple baths.
Property Size14,336 SF
Price / SF$174.39
Days on Market393
Property Features for 106 Granite Dr
General Information
Standard status
Active
Size
14,336 SF
Occupancy
100%
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$5,754
Listing Agency:
REMAX Sierra Blanca Realty
(575) 937-2756
Listed By:
James Russ
(575) 937-2756
Source:
Exprealty
Added: Aug 5, 2025
Changed: Aug 31
Last Checked: Aug 31 at 7:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Sierra Blanca Realty
Investment Insights
Based on property information with market context.
This 14,336-square-foot apartment property comprises 12 fully leased condominiums, with approved potential for 13 additional units and a planned total of 25. Each residence is arranged across two levels for a defined separation between living and sleeping areas.
The main floor includes a kitchen, dining area, living room, fireplace, half bath, and deck. The lower level provides two bedrooms, one full bathroom, and an additional half bath. The property is located at 106 Granite Dr in Ruidoso, New Mexico, near businesses and attractions.
The main floor includes a kitchen, dining area, living room, fireplace, half bath, and deck. The lower level provides two bedrooms, one full bathroom, and an additional half bath. The property is located at 106 Granite Dr in Ruidoso, New Mexico, near businesses and attractions.
Key Highlights
- 12 fully leased condominium units
- Approved potential for 13 additional units, for a total of 25
- 14,336 square feet of property size
Property Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
240
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?
Apartment building - Fully leased residences feature two-level layouts with private decks, fireplaces, and multiple baths.
Where is this apartment building located?
The property is located at 106 Granite Dr Ruidoso, NM.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12 fully leased condominium units; Approved potential for 13 additional units, for a total of 25; 14,336 square feet of property size
