Triplex With Separate
For Sale
$305,000
138 Paradise Canyon Drive, Ruidoso, NM 88345
COMMERCIAL - Ruidoso, NM
Property SizeContact for details
Lot Size0.95 Acres
Days on Market120
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
Carpet, Concrete, Tile - Ceramic
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: Aug 4
Last Checked: Aug 17 at 12:06AM
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 triplex property is mid-remodel, with owner-initiated remodeling construction on the three units. One unit is a studio casita near completion. Another unit is a two-level setup with separate upstairs and downstairs areas, each with one bedroom and one bath. A third unit still requires remodel, along with a separate multi-use storage building.
The existing units have separate electric meters, and there are separate gas meters. Water-sewer service is through a single water-sewer meter. The home uses frame construction with a metal roof, and flooring includes concrete, carpet, and ceramic tile. Additional features include ample parking. The property is identified as being not flood damaged according to the seller, and buyers should independently verify documents, floodway, zoning, and building code.
The site is described as one of the few commercial (C1) zoned properties on Paradise Canyon in Ruidoso, NM, near the Rio Ruidoso. The layout and zoning are presented as potentially suitable for a finish-to-suit configuration that could include a possible four-unit residential rental and/or commercial use.
The existing units have separate electric meters, and there are separate gas meters. Water-sewer service is through a single water-sewer meter. The home uses frame construction with a metal roof, and flooring includes concrete, carpet, and ceramic tile. Additional features include ample parking. The property is identified as being not flood damaged according to the seller, and buyers should independently verify documents, floodway, zoning, and building code.
The site is described as one of the few commercial (C1) zoned properties on Paradise Canyon in Ruidoso, NM, near the Rio Ruidoso. The layout and zoning are presented as potentially suitable for a finish-to-suit configuration that could include a possible four-unit residential rental and/or commercial use.
Key Highlights
- 0.95‑acre triplex property on Paradise Canyon in Ruidoso, NM in C1 zoning
- Studio casita unit near completion plus two‑level unit with separate upstairs and downstairs areas
- Upstairs and downstairs areas each include one bedroom and one bath
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
285
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 - Triplex remodeling includes separate electric and gas meters plus public water and sewer on 0.95 acres.
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 triplex property on Paradise Canyon in Ruidoso, NM in C1 zoning; Studio casita unit near completion plus two‑level unit with separate upstairs and downstairs areas; Upstairs and downstairs areas each include one bedroom and one bath
