40-Unit Apartment
New
For Sale
Contact for pricing
110 Starlite Rd, Ruidoso, NM 88345
C-1 Commercial property with renovated interiors, mountain views, and on-site laundry facilities.
Property Size28,400 SF
Lot Size9.00 Acres
Price / SF$191.90
Days on Market5
Property Features for 110 Starlite Rd
General Information
Standard status
Active
Size
28,400 SF
Class
C
Lot size
9.00 Acres
Property subtype
Multifamily
Zoning
C-1 Commercial
Investment Type
Stabilized
Additional Details
Multifamily Units
40
Amenities
on-site coin-operated laundry room
Building Details
Year Built
1960
Units
40
Tenancy
Multi
Listing Agency:
HRI Commercial Realty
Listed By:
Natalie Luneva · License #9016902-BB
Source:
Crexi
Added: Aug 2
Changed: Aug 5
Last Checked: Aug 6 at 7:21AM
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 HRI Commercial Realty
Investment Insights
Based on property information with market context.
This 40-unit apartment property, built in 1960, provides over 28,400 square feet of leasable space across efficiency, studio, one-, two-, and three-bedroom units. Most apartments are occupied under long-term leases, with security deposits on file. Recent capital work includes newer metal roofs throughout the buildings, while interior renovations remain underway. The site also features a roughly 2,300 square-foot lobby, an approximately 2,000 square-foot enclosed storage building, and a coin-operated laundry room.
The property occupies 5.5 acres in the Sierra Blanca area of Ruidoso at roughly 7,000 feet elevation and sits above the local floodplain. C-1 Commercial zoning and surrounding upscale single-family homes define the setting. The sale includes an adjacent 3.5-acre parcel with panoramic views, an established website and domain, and additional billboard signage, including an electrified location at a major area intersection. Ruidoso’s ski, casino, golf, and tourism activity contributes to its mountain-resort character.
The property occupies 5.5 acres in the Sierra Blanca area of Ruidoso at roughly 7,000 feet elevation and sits above the local floodplain. C-1 Commercial zoning and surrounding upscale single-family homes define the setting. The sale includes an adjacent 3.5-acre parcel with panoramic views, an established website and domain, and additional billboard signage, including an electrified location at a major area intersection. Ruidoso’s ski, casino, golf, and tourism activity contributes to its mountain-resort character.
Key Highlights
- 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
Property Analytics
Current Use
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
238
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 - C-1 Commercial property with renovated interiors, mountain views, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 110 Starlite Rd Ruidoso, NM.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: 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
