$425,000
$24K PRICE DROP

108 Service Rd Ruidoso, NM 88345

Estimated payment $2,738/month

Total Views 3,755
6 Beds
3 Baths
2,769 Sq Ft
$153 Price per Sq Ft

Highlights

  • Views of Trees
  • Mountain Architecture
  • Front Porch
  • Deck
  • Balcony
  • Tile Flooring

About This Home

RARE TRI-PLEX in Ruidoso, NM! This unique 2,769 +- sq ft, great investment opportunity, features 3 well-maintained units. Each unit has 2 bedrooms and 1 bath. Located near bustling Sudderth Dr., it offers both convenience and appeal. Updates include: New 2x6 framing, new gas lines, new furnaces, new incoming water lines, new fixtures, electricity brought up to code, and new sewer lines. Fully rented, consistent 10 year plus month to month renters. This creates a robust rental income stream and an impressive cap rate. Ideal for investors or those seeking a multifamily living arrangement, this tri-plex combines location, income potential, and long-term value. Don't miss out on this rare income producing Tri-Plex!

Listing Agent

Patrick Valliant

Better Homes & Gardens Real Estate - Steinborn & Associates License #REC-2023-0929 Listed on: 01/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,927

Year Built

  • Built in 1943 | Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • Dog Run
  • Level Lot
  • Cleared Lot
  • Back Yard Fenced

Property Views

  • Trees
  • Mountain

Home Design

  • Triplex
  • Mountain Architecture
  • Fixer Upper
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,769 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Parking Lot

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Storage
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • Palmer Gateway Subdivision

Listing and Financial Details

  • Legal Lot and Block 4-6 / 9
  • Assessor Parcel Number 4074065116383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,927

Year Built

Built in 1943 | Remodeled

Lot Details

0

Listing Details

  • Unit Levels: Two
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1943
  • Structure Type: Triplex
  • Lot Size Acres: 0.17
  • Road Frontage Type: City/Public Street
  • Road Surface Type: Paved
  • Co List Office Phone: 855-784-3676
  • MLS Status: Active
  • Subdivision Name: Palmer Gateway
  • Architectural Style: Mountain, See Remarks
  • ResoBuildingAreaSource: Assessor
  • New Construction: No
  • Water Source:Public: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • Cooling:Central Air: Yes
  • View TreesWoods: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Levels:Two: Yes
  • Utilities Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • Fencing Back Yard: Yes
  • Flooring:Carpet: Yes
  • Flooring:Tile2: Yes
  • View:Mountain(s): Yes
  • Roof:Shingle: Yes
  • Other Structures:Storage3: Yes
  • Property Condition:Fixer: Yes
  • Structure Type:Triplex: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Oven, Gas Range, Refrigerator, Washer
  • Flooring: Carpet, Tile
  • Interior Amenities: Appliances Only
  • Other Equipment: None
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Appliances:Gas Range: Yes
  • Fireplace:None10: Yes
  • Appliances:Gas Oven: Yes

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Cleared, Forestry Compliance, Level
  • Other Structures: Storage
  • Patio And Porch Features: Deck, Front Porch
  • Property Condition: Fixer, Updated/Remodeled
  • Roof: Shingle
  • View: Mountain(s), Trees/Woods
  • Construction Type: Wood Siding
  • Exterior Features: Balcony, Dog Run
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Paved

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Natural Gas
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Heating:Central: Yes
  • Heating:Natural Gas2: Yes

Lot Info

  • Zoning: C2
  • Lot Dimensions: See Plat
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 4927.0
  • Tax Block: 9
  • Tax Lot: 4-6
  • Tax Map Number: 4074065116383
  • Tax Tract: -

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,760 $60,253 $5,592 $54,661
2024 $1,760 $58,882 $5,429 $53,453
2023 $1,760 $57,551 $5,271 $52,280
2022 $1,727 $56,259 $5,117 $51,142
2021 $1,695 $41,808 $4,968 $36,840
2020 $1,666 $40,590 $4,823 $35,767
2019 $1,569 $39,794 $4,728 $35,066
2018 $1,525 $38,636 $4,590 $34,046
2017 $1,491 $37,510 $4,456 $33,054
2015 $1,481 $50,706 $4,456 $46,250
2014 $1,472 $50,706 $4,456 $46,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2025 06/07/25 Price Changed $425,000 -5.3% $153 / Sq Ft
01/22/2025 01/22/25 For Sale $449,000 -- $162 / Sq Ft
Source: Ruidoso/Lincoln County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Gsv
Warranty Deed -- Gsv
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $38,000 Future Advance Clause Open End Mortgage
Closed $116,555 Purchase Money Mortgage
Previous Owner $116,000 New Conventional
Source: Public Records

Similar Home in Ruidoso, NM

  • 112 George McCarty Dr, Ruidoso, NM 88345

    $499,000

    • 4 Beds
    • 2 Baths
    • 2,094 Sq Ft
    • 112 George McCarty Dr
    • Ruidoso, NM

    Incredible opportunity for a great investment.Two large units - both are 2 Br/1full bath, kitchen, dining room space, washer & dryer,outdoor deck with grills. Both units are renting for $1600 a month each and they pay their own bills. This is in a great location near our schools, walking trails, and center of town.It would do well as a short term rental also.Seller is offering

    Robin Shackelford Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso

    Section Image
See All Homes in Ruidoso

Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 131983

APN: 4074065116383000000

New Mexico Lincoln County Ruidoso 88345

108 Service Rd, Ruidoso, NM

This home is located at 108 Service Rd, Ruidoso, NM 88345 and is currently priced at $425,000, approximately $153 per square foot. This property was built in 1943. 108 Service Rd is a home located in Lincoln County with nearby schools including Sierra Vista Primary School, White Mountain Elementary School, and Ruidoso Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Patrick Valliant
Listing Agent
Patrick Valliant
Section Image
Better Homes & Gardens Real Estate - Steinborn & Associates
(575) 502-5613