$324,000
$16K PRICE DROP

108 Spring Rd Ruidoso Downs, NM 88346

Estimated payment $1,988/month

Total Views 5,748
6 Beds
3 Baths
2,100 Sq Ft
$154 Price per Sq Ft

Highlights

  • Mountain View
  • Corner Lot
  • Covered Patio or Porch
  • Contemporary Architecture
  • No HOA
  • Cooling Available

About This Home

An Opportune business venture. This three unit, one level building is ideal for a large family vacation home or to use as rentals. Close to the Ruidoso Downs Race Track and Casino, only ten minutes give or take to beautiful Ruidoso midtown. Ruidoso Downs, a picturesque community in New Mexico
renowned for its natural beauty and recreational opportunities, offers a unique opportunity for real estate investment with its A tri plex zoned R-1 properties. The R-1 zoning designation typically accommodates single-family residential units, promoting a peaceful and suburban atmosphere. 48 hour notice for units #2 & #3 #1 is vacant. Unit #1 is a 2 bedroom 1 bath, with a laundry room and deck, Unit #2 is a 1 bedroom 1 bath efficiency apt., Unit 3 is a 3 bedroom 1 bath with stackable W/D and yard.

Listing Agent

Troy Briggs

Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso License #20291 & 51431 Listed on: 02/05/2025

Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,548

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • Partially Fenced Property
  • Wood Fence
  • Corner Lot
  • Level Lot
  • Irregular Lot

Parking

  • Parking Lot

Home Design

  • Triplex
  • Contemporary Architecture
  • Pitched Roof
  • Metal Roof
  • Board and Batten Siding
  • Log Siding
  • Stone Veneer

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Mountain Views
  • Gas Range
  • Washer Hookup

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Palo Verde Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 & 4 / 4
  • Assessor Parcel Number 4077065135099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,548

Year Built

Built in 1945 | Remodeled

Lot Details

0

Listing Details

  • Directions: Hwy. 70 to Spring Rd. in Ruidoso Downs turn south property sits on the Right.
  • Unit Levels: One
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1945
  • Structure Type: Triplex
  • ResoLaundryFeatures: Washer Hookup
  • Road Frontage Type: City/Public Street
  • Road Surface Type: Gravel
  • Co List Office Phone: 575-257-4011
  • MLS Status: Active
  • Subdivision Name: Palo Verde
  • Architectural Style: Contemporary
  • ResoBuildingAreaSource: Owner
  • New Construction: No
  • Levels:One: Yes
  • Water Source:Public: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Roof:Metal3: 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
  • Flooring:Carpet: Yes
  • Flooring:Tile2: Yes
  • Rooms:Living Room: Yes
  • Fencing:Wood3: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Fencing:Partial: Yes
  • View:Mountain(s): Yes
  • Style:Contemporary2: Yes
  • Structure Type:Triplex: Yes
  • Special Features: None

Interior Features

  • Appliances: Gas Range, Gas Water Heater
  • Flooring: Carpet, Tile
  • Interior Amenities: Appliances Only, Ceiling Fan(s)
  • Other Equipment: None
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:Washer Hookup: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace:None10: Yes

Exterior Features

  • Fencing: Partial, Wood
  • Lot Features: Corner Lot, Gentle Sloping, Irregular Lot, Level, Usable Slopes
  • Other Structures: None
  • Patio And Porch Features: Covered, Front Porch, Other
  • Property Condition: Updated/Remodeled
  • Roof: Metal, Pitched
  • View: Mountain(s)
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Board & Batten Siding, Log, Stone Veneer
  • Exterior Features: Rain Gutters
  • Patio And Porch Features:Covered: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Gentle Sloping: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • Lot Features:Level: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Irregular Lot: Yes
  • Patio And Porch Features:Other24: Yes

Garage/Parking

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

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Natural Gas
  • 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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Amenities:None12: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Zoning: R1
  • Lot Dimensions: See plat
  • Parcel Number: 4077065135099

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 3548.0
  • Tax Block: 4
  • Tax Lot: 3 & 4
  • Tax Tract: 0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $844 $26,830 $8,267 $18,563
2024 $815 $26,048 $8,026 $18,022
2023 $815 $25,289 $7,792 $17,497
2022 $741 $24,552 $7,565 $16,987
2021 $691 $23,834 $7,344 $16,490
2020 $720 $23,140 $7,130 $16,010
2019 $670 $22,686 $6,990 $15,696
2018 $645 $22,025 $6,786 $15,239
2017 $620 $21,384 $6,588 $14,796
2015 $607 $20,763 $6,397 $14,366
2014 $587 $20,159 $6,211 $13,948
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2025 11/12/25 Price Changed $324,000 -4.7% $154 / Sq Ft
02/05/2025 02/05/25 For Sale $340,000 +88.9% $162 / Sq Ft
01/28/2022 01/28/22 Sold -- -- -- View Prior Sale
11/22/2021 11/22/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $180,000 -- $60 / Sq Ft
Source: Ruidoso/Lincoln County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Source: Public Records

Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 132033

APN: 4077065135099000000

New Mexico Lincoln County Ruidoso Downs 88345

108 Spring Rd, Ruidoso Downs, NM

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Troy Briggs
Section Image
Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso
(575) 376-8617