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    Ruidoso, NM
    Multifamily

    Ruidoso, NM Multifamily Properties for Sale

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    Alto, NM Ruidoso Downs, NM Hagerman, NM Capitan, NM Lincoln, NM Carrizozo, NM
    C1-Zoned Triplex Property
    Updated: Apr 20
    C1-Zoned Triplex Property

    138 Paradise Canyon Drive, Ruidoso, NM 88345

    $305,000
    0.95 AC lot
    0.95‑acre C1‑zoned property on Paradise Canyon Drive
    Triplex configuration with remodeling construction underway
    Studio casita near completion
    Two‑level structure with separate upper and lower spaces
    Separate electric meters and gas meters for current units
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    Ruidoso Commercial Zoned Property
    Updated: Apr 20
    Ruidoso Commercial Zoned Property

    138 Paradise Canyon Dr, Ruidoso, NM 88345

    $305,000
    1,455 sqft
    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.
    Separate electric and gas meters: current units are separately metered for electric and gas, simplifying tenant billing.
    Studio casita near completion: one unit is a studio casita nearing completion, providing immediate rental income potential.
    View details
    12-Unit Two-Level Apartment Building
    12-Unit Two-Level Apartment Building

    106 Granite Dr, Ruidoso, NM 88345

    $2,500,000
    14,336 sqft

    Fully leased residences feature two-level layouts with private decks, fireplaces, and multiple baths.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    40-Unit Apartment Building
    40-Unit Apartment Building

    110 Starlite Rd, Ruidoso, NM 88345

    Contact for pricing
    28,400 sqft 9.00 AC lot

    C-1 Commercial property with renovated interiors, mountain views, and on-site laundry facilities.

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    Redevelopment Lodge with 16 Units
    Redevelopment Lodge with 16 Units

    107 El Paso Road, Ruidoso, NM 88345

    $990,000

    Redevelopment-ready property with updated building systems and finish-to-suit options for hospitality, apartments, or office uses.

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    Based on your search, we've compiled 38 Potential Opportunities for your consideration. Besides 5 Active listings in Ruidoso, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Duplex with Mini-Splits
    Updated Duplex with Mini-Splits

    1011 Catalina LN, Alamogordo, NM 88310

    $179,900
    1,250 sqft 0.20 AC lot

    Two one-bedroom, one-bath units feature newer windows, stucco, and individual electric heating and cooling.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    609 W 8th Street, Roswell, NM 88201

    $165,000
    1,464 sqft

    Two distinct floor plans provide separate living areas and kitchen layouts for flexible occupancy.

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    Mobile Home and RV Park Community
    Mobile Home and RV Park Community

    1000 MESCALERO AVE, Alamogordo, NM 88310

    Contact for pricing

    Community offers 25 rentable units, with 92% occupancy and city water and sewer services.

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    Rented Triplex with Bonus Room
    Rented Triplex with Bonus Room

    600 S Missouri Avenue, Roswell, NM 88203

    Contact for pricing

    Income-producing triplex combining a single-family residence with a duplex and central air conditioning.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land with Potential Utility Access
    Land with Potential Utility Access

    26 White Mountain Road, Tularosa, NM 88352

    $32,900
    2.71 AC lot

    2+ acre land near Alamogordo, NM, sold as-is.

    View details

    Off-Market Properties in Ruidoso, NM

    Consider similar Off-Market properties in Ruidoso, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    138 Paradise Canyon Dr
    Multifamily properties

    138 Paradise Canyon Dr, Ruidoso, NM 88345

    Estimated value:
    by Request
    1,622 sqft 0.95 AC lot
    View details
    101 Ct
    Multifamily properties

    101 Ct, Ruidoso, NM 88345

    Estimated value:
    by Request
    15,052 sqft
    View details
    Twin Spruce Ln
    MOBILE HOME PARK, TRAILER PARK

    Twin Spruce Ln, Ruidoso, NM 88345

    Estimated value:
    $320,000
    3.53 AC lot
    View details
    120 Service Rd
    MOBILE HOME PARK, TRAILER PARK

    120 Service Rd, Ruidoso, NM 88345-6045

    Estimated value:
    $250,000
    840 sqft
    View details
    122 Service Rd
    MOBILE HOME PARK, TRAILER PARK

    122 Service Rd, Ruidoso, NM 88345

    Estimated value:
    $270,000
    924 sqft
    View details
    115 Robin Rd
    MOBILE HOME PARK, TRAILER PARK

    115 Robin Rd, Ruidoso, NM 88345-6233

    Estimated value:
    $245,000
    768 sqft
    View details
    206 Gavilan Cyn Rd
    MOBILE HOME PARK, TRAILER PARK

    206 Gavilan Cyn Rd, Ruidoso, NM 88345-6159

    Estimated value:
    $340,000
    1,280 sqft
    View details
    200 Gavilan Cyn Rd
    MOBILE HOME PARK, TRAILER PARK

    200 Gavilan Cyn Rd, Ruidoso, NM 88345-6077

    Estimated value:
    $250,000
    980 sqft
    View details
    400 Gavilan Cyn Rd
    MOBILE HOME PARK, TRAILER PARK

    400 Gavilan Cyn Rd, Ruidoso, NM 88345-6059

    Estimated value:
    $415,000
    1,680 sqft
    View details
    200 Gavilan Cyn Rd
    MOBILE HOME PARK, TRAILER PARK

    200 Gavilan Cyn Rd, Ruidoso, NM 88345-6077

    Estimated value:
    $270,000
    924 sqft
    View details
    206 Gavilan Cyn Rd
    MOBILE HOME PARK, TRAILER PARK

    206 Gavilan Cyn Rd, Ruidoso, NM 88345-6159

    Estimated value:
    $350,000
    1,280 sqft
    View details
    115 2nd St
    MOBILE HOME PARK, TRAILER PARK

    115 2nd St, Ruidoso, NM 88345-7528

    Estimated value:
    $255,000
    1,064 sqft
    View details
    2nd St
    MOBILE HOME PARK, TRAILER PARK

    2nd St, Ruidoso, NM 88345

    Estimated value:
    $250,000
    840 sqft
    View details
    115 Robin Rd Trlr, Unit 8
    MOBILE HOME PARK, TRAILER PARK

    115 Robin Rd Trlr, Ruidoso, NM 88345-6233

    Unit 8
    Estimated value:
    $255,000
    672 sqft
    View details
    Ruidoso, NM 88345
    MOBILE HOME PARK, TRAILER PARK

    Ruidoso, NM 88345

    Estimated value:
    $290,000
    1,216 sqft
    View details
    Allison Ln
    MOBILE HOME PARK, TRAILER PARK

    Allison Ln, Ruidoso, NM 88345

    Estimated value:
    $265,000
    784 sqft
    View details
    Ruidoso, NM 88345
    MOBILE HOME PARK, TRAILER PARK

    Ruidoso, NM 88345

    Estimated value:
    $250,000
    980 sqft
    View details
    Ruidoso, NM 88345
    MOBILE HOME PARK, TRAILER PARK

    Ruidoso, NM 88345

    Estimated value:
    $280,000
    840 sqft
    View details
    Ruidoso, NM 88345
    MOBILE HOME PARK, TRAILER PARK

    Ruidoso, NM 88345

    Estimated value:
    $355,000
    1,280 sqft
    View details

    Ruidoso, NM Multifamily Properties Market Trends and Statistics

    Explore 33 multifamily properties for sale in Ruidoso, NM, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 44,191 square feet of properties for sale, with an estimated market value of $4,100,000.

    Sale prices for multifamily properties in Ruidoso, NM start at $305,000, averaging $1,025,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 3
    Triplexes 2

    Demographics Overview

    Population 8,005
    Population Growth (5Y) -8.0%
    Median Household Income $51,008
    College Educated 23.8%

    High-Yield Neighborhoods for Investment

    Identify Ruidoso submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    88345 $1M

    Taxes & Financing

    Tax Rate (average for all types) 2.90%
    Property Tax per SF $0.12 per SF
    Tax Rate vs County Average 0.36 pp above county avg
    Average Loan-to-Value 65.0%

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