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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 Hondo, NM Carrizozo, NM

Triplex with Redevelopment Potential

Updated: Apr 20

Triplex with Redevelopment Potential

138 Paradise Canyon Drive, Ruidoso, NM 88345

$305,000

0.95 AC lot

Commercial (C1) zoned Paradise Canyon property in Ruidoso, NM near the Rio Ruidoso, with potential for triplex, possible 4‑unit residential rental, and/or commercial uses
3 units under remodeling: one studio casita near completion; other units include a two‑level layout with separate upstairs and downstairs one‑bedroom unit/bath
Two‑level unit has separate upstairs and downstairs one‑bedroom/bath areas; separate electrical meters and separate gas meters reported
Utilities: natural gas available; public water and public sewer (single water‑sewer meter)
Metal roof; frame construction; flooring includes concrete, ceramic tile, and carpet

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.

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.

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

Based on your search, we've compiled 39 Potential Opportunities for your consideration. Besides 3 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 4 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.

Small Multifamily Investment Property

Small Multifamily Investment Property

700 E Riverside Dr, Truth Or Consequences, NM 87901

$599,000

Five site-built units plus one ground-set doublewide offer an estimated total of eight to nine rentable units.

Small RV Park With Mobile Home

Small RV Park With Mobile Home

23 Dingo Rd, Alamogordo, NM 88310

Contact for pricing

RV park offering eight full-hookup spaces plus a permanent-foundation 2-bed mobile home with multiple outbuildings.

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.

Riverfront Duplex with Mountain Views

Riverfront Duplex with Mountain Views

613-615 N Riverside Drive, Truth Or Consequences, NM 87901

Contact for pricing

Remodeled riverfront duplex featuring modern amenities and stunning mountain views.

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

$40,000

2.71 AC lot

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

Half-Acre Lot with Mountain Views

Half-Acre Lot with Mountain Views

Sunrunner Avenue, Las Cruces, NM 88012

$62,500

0.50 AC lot

Half-acre lot with Organ Mountain views, mobile homes welcome.

Spacious Lot with Mountain Views

Spacious Lot with Mountain Views

9200 El Centro Boulevard lot: 4, Las Cruces, NM 88012

$86,000

1.00 AC lot

1.16-acre lot with mountain views, ready for your dream home.

Land in Las Cruces, NM

Land in Las Cruces, NM

7563 El Centro Boulevard, Las Cruces, NM 88012

$133,500

4.04 AC lot

4.04 acre lot zoned for house or mobile home.

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

Value Estimation by Request

1,622 sqft 0.95 AC lot

101 Ct

Multifamily properties

101 Ct, Ruidoso, NM 88345

Value Estimation by Request

15,052 sqft

MOBILE HOME PARK, TRAILER PARK

Twin Spruce Ln, Ruidoso, NM 88345

Value Estimation by Request

3.53 AC lot

MOBILE HOME PARK, TRAILER PARK

120 Service Rd, Ruidoso, NM 88345-6045

Value Estimation by Request

840 sqft

MOBILE HOME PARK, TRAILER PARK

122 Service Rd, Ruidoso, NM 88345

Value Estimation by Request

924 sqft

MOBILE HOME PARK, TRAILER PARK

115 Robin Rd, Ruidoso, NM 88345-6233

Value Estimation by Request

768 sqft

206 Gavilan Cyn Rd

MOBILE HOME PARK, TRAILER PARK

206 Gavilan Cyn Rd, Ruidoso, NM 88345-6159

Value Estimation by Request

1,280 sqft

200 Gavilan Cyn Rd

MOBILE HOME PARK, TRAILER PARK

200 Gavilan Cyn Rd, Ruidoso, NM 88345-6077

Value Estimation by Request

980 sqft

400 Gavilan Cyn Rd

MOBILE HOME PARK, TRAILER PARK

400 Gavilan Cyn Rd, Ruidoso, NM 88345-6059

Value Estimation by Request

1,680 sqft

200 Gavilan Cyn Rd

MOBILE HOME PARK, TRAILER PARK

200 Gavilan Cyn Rd, Ruidoso, NM 88345-6077

Value Estimation by Request

924 sqft

206 Gavilan Cyn Rd

MOBILE HOME PARK, TRAILER PARK

206 Gavilan Cyn Rd, Ruidoso, NM 88345-6159

Value Estimation by Request

1,280 sqft

MOBILE HOME PARK, TRAILER PARK

115 2nd St, Ruidoso, NM 88345-7528

Value Estimation by Request

1,064 sqft

MOBILE HOME PARK, TRAILER PARK

2nd St, Ruidoso, NM 88345

Value Estimation by Request

840 sqft

115 Robin Rd Trlr, Unit 8

MOBILE HOME PARK, TRAILER PARK

115 Robin Rd Trlr, Ruidoso, NM 88345-6233

Unit 8

Value Estimation by Request

672 sqft

Ruidoso, NM 88345

MOBILE HOME PARK, TRAILER PARK

Ruidoso, NM 88345

Value Estimation by Request

1,216 sqft

MOBILE HOME PARK, TRAILER PARK

Allison Ln, Ruidoso, NM 88345

Value Estimation by Request

784 sqft

Ruidoso, NM 88345

MOBILE HOME PARK, TRAILER PARK

Ruidoso, NM 88345

Value Estimation by Request

980 sqft

Ruidoso, NM 88345

MOBILE HOME PARK, TRAILER PARK

Ruidoso, NM 88345

Value Estimation by Request

840 sqft

Ruidoso, NM 88345

MOBILE HOME PARK, TRAILER PARK

Ruidoso, NM 88345

Value Estimation by Request

1,280 sqft

Ruidoso, NM 88345

MOBILE HOME PARK, TRAILER PARK

Ruidoso, NM 88345

Value Estimation by Request

1,120 sqft

Ruidoso, NM 88345

MOBILE HOME PARK, TRAILER PARK

Ruidoso, NM 88345

Value Estimation by Request

952 sqft

Ruidoso, NM Multifamily Properties Market Trends and Statistics

Explore 31 multifamily properties for sale in Ruidoso, NM, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,455 square feet of properties for sale, with an estimated market value of $1,600,000.

Sale prices for multifamily properties in Ruidoso, NM start at $305,000, averaging $533,333, and reaching up to $990,000 — 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

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	$536.7K

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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