9-Unit Condominium
For Sale
$1,850,000
200 Granite Drive, Ruidoso, NM 88345
All residences are occupied and include private garages, decks, and split-level interiors.
Property Size10,845 SF
Price / SF$170.59
Days on Market10
Property Features for 200 Granite Drive
General Information
Standard status
Active
Size
10,845 SF
Zoning
R3
Occupancy
100%
Units
Unit Mix
7 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
9
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,836
Amenities
private garage
foyer
vaulted ceilings
fireplace
deck
Carpet,Varies,Vinyl
2 Bedroom,3 Bedroom
true
18
Unfurnished
Washer Hookup,Gas Dryer Hookup
9
Gas,Wood Burning
Corner Lot,Gentle Sloping,Level,Near Golf Course,Wooded
Public
1
1 acre
See Remarks
Paved,Shared Driveway
Asphalt,Gravel
Balcony
City/Public Street
10845
Building Details
Building Size
10,845 SF
Year Built
1983
Listing Agency:
REMAX Sierra Blanca Realty
(575) 254-2925
Listed By:
Troy and Karen Briggs/Briggs Legacy
Source:
Enchantedlands
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:03PM
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
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Investment Insights
Based on property information with market context.
This 9-unit condominium portfolio comprises 10,845 square feet, with each residence measuring 1,205 square feet. The split-level layouts include a private garage, foyer, vaulted ceilings, fireplace, and deck. Seven units have two bedrooms and two bathrooms; the remaining two offer three bedrooms and two bathrooms. Metal roofs and replacement garage doors are additional property features.
Built in 1983, the property is zoned R3. All nine residences are currently leased. The unit mix and common layout features provide a consistent configuration across the portfolio, with bedroom count varying between the two floor plans.
Built in 1983, the property is zoned R3. All nine residences are currently leased. The unit mix and common layout features provide a consistent configuration across the portfolio, with bedroom count varying between the two floor plans.
Key Highlights
- Nine condominium units, all leased
- 10,845 SF total; each residence is 1,205 SF
- Seven 2‑bedroom/2‑bathroom units and two 3‑bedroom/2‑bathroom units
Property Analytics
Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
185
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
Frequently Asked Questions
What type of property is this?
Multifamily property - All residences are occupied and include private garages, decks, and split-level interiors.
Where is this multifamily property located?
The property is located at 200 Granite Drive Ruidoso, NM.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Nine condominium units, all leased; 10,845 SF total; each residence is 1,205 SF; Seven 2‑bedroom/2‑bathroom units and two 3‑bedroom/2‑bathroom units
