138 Paradise Canyon Dr Ruidoso, NM 88345

Listing office RE/MAX Classic Realty e***@yahoo.com Show Phone

Listing date Apr 20, 2026

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity with remodeling already underway. Zoned C1, the property is located on Paradise Canyon Drive in Ruidoso, New Mexico, near the Rio Ruidoso. The site includes a triplex with the potential for a four-unit residential rental or commercial use. Remodeling construction has commenced on the three units, including a near-complete studio casita. The other 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 are separately metered for electric and gas. There is a single water-sewer meter. Ample parking is available. The property size is 1455 square feet. According to the seller, the property has not sustained flood damage.

Key Highlights

• C1 commercial zoning: rare opportunity for residential rental and/or commercial use on Paradise Canyon.
• Triplex with remodeling started: owner has begun remodeling into three units, offering a head start on value creation.
• Potential for 4 units: opportunity to expand to four units, increasing rental income potential.

Property Analytics

Property Profile Location Intelligence

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FAQs

What type of property is this?

Triplex - Investment property with remodeling started near Rio Ruidoso.

Where is this triplex located?

The property is located at 138 Paradise Canyon Dr 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: rare opportunity for residential rental and/or commercial use on Paradise Canyon.; Triplex with remodeling started: owner has begun remodeling into three units, offering a head start on value creation.; Potential for 4 units: opportunity to expand to four units, increasing rental income potential.