$575,000
$24K PRICE DROP

103 & 105 Reese Dr Ruidoso, NM 88345

Estimated payment $3,610/month

Total Views 6,307
3 Beds
3 Baths
2,010 Sq Ft
$286 Price per Sq Ft

Highlights

  • RV Access or Parking
  • 1.93 Acre Lot
  • Circular Driveway
  • River View
  • No HOA
  • Front Porch

About This Home

Very unique tri-plex that was a single-family home, can be converted to a 3 bdrm, 3 bath home. Presently 3 one bdrm. units rented to 3 different tenants. Owner remodeled the home & made it into income property. Huge 1.9+acres, 2 beautiful river lots, can build a large home on the 1st lot on the left that goes down to the river with beautiful river frontage & views. Very special property w/great potential for multiple uses!

Listing Agent

Nancy Lincoln

Coldwell Banker SDC License #9590 30385 Listed on: 10/22/2024

Coldwell Banker SDC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,012

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 1.93 Acre Lot
  • River Front
  • Dog Run
  • Partially Fenced Property
  • Level Lot

Home Design

  • Triplex
  • Cabin
  • Pitched Roof
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,010 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • River Views
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Circular Driveway
  • Shared Driveway
  • RV Access or Parking

Outdoor Features

  • Front Porch

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 59 & 60 / 1A
  • Assessor Parcel Number 4074065049356

Community Details

Overview

  • No Home Owners Association
  • Palmer Gateway Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,012

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Directions: Just off 449 Sudderth Dr, 103 & 105 Reese Dr, on the left/river side of Reese Dr.
  • Unit Levels: One
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1960
  • Structure Type: Triplex
  • Lot Size Acres: 1.93
  • Road Frontage Type: City/Public Street
  • Road Surface Type: Gravel, Paved
  • Co List Office Phone: 575-257-5111
  • MLS Status: Active
  • Subdivision Name: Palmer Gateway
  • Architectural Style: Cabin
  • ResoBuildingAreaSource: Assessor
  • New Construction: No
  • Levels:One: Yes
  • Water Source:Public: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • Appliances Refrigerators: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Utilities:Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Fencing:Partial: Yes
  • Roof:Shingle: Yes
  • Flooring:Vinyl: Yes
  • Fencing Fenced: Yes
  • View:River: Yes
  • Structure Type:Triplex: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator, Water Heater
  • Flooring: Vinyl
  • Interior Amenities: Appliances Only, Ceiling Fan(s), High Speed Internet
  • Other Equipment: None
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: No
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fans: Yes
  • Fireplace:None10: Yes
  • Interior Features:High Speed Internet: Yes

Exterior Features

  • Fencing: Fenced, Partial
  • Lot Features: Forestry Compliance, Level, Sloped Down, Usable Slopes, Waterfront
  • Other Structures: See Remarks
  • Patio And Porch Features: Front Porch
  • Property Condition: Updated/Remodeled, See Remarks
  • Roof: Pitched, Shingle
  • View: River
  • Waterfront Features: Rio Ruidoso, River Front
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Dog Run, Other
  • Patio And Porch Features:Front Porch: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • Lot Features:Level: Yes
  • Lot Features:Sloped Down: Yes
  • Lot Features:Waterfront: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Circular Driveway, Gravel, RV Access/Parking, Shared Driveway

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Natural Gas, Wall Furnace, Other
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Heating:Natural Gas2: Yes
  • Water Heater: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Amenities:Laundry: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Zoning: R2
  • Lot Dimensions: 1.93
  • Lot Size Sq Ft: 84070.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 6012.0
  • Tax Block: 1A
  • Tax Lot: 59 & 60
  • Tax Map Number: 4074065049356
  • Tax Tract: -

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $575,000 -4.0% $286 / Sq Ft
10/22/2024 10/22/24 For Sale $599,000 -- $298 / Sq Ft
Source: Ruidoso/Lincoln County Association of REALTORS®

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Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 131745

New Mexico Lincoln County Ruidoso 88345

103 & 105 Reese Dr, Ruidoso, NM

This home is located at 103 & 105 Reese Dr, Ruidoso, NM 88345 and is currently priced at $575,000, approximately $286 per square foot. This property was built in 1960. 103 & 105 Reese Dr is a home located in Lincoln County with nearby schools including Sierra Vista Primary School, White Mountain Elementary School, and Ruidoso Middle School.

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Nearby Homes
Listing Agent
Nancy Lincoln
Section Image
Coldwell Banker SDC
(575) 257-5111