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Ruidoso, NM Multifamily Homes & Duplexes for Sale

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  • 112 George McCarty Dr, Ruidoso, NM 88345
    112 George McCarty Dr, Ruidoso, NM 88345
    112 George McCarty Dr, Ruidoso, NM 88345
    /28

    $499,000

    • 4 Beds
    • 2 Baths
    • 2,094 Sq Ft

    112 George McCarty Dr, Ruidoso, NM 88345

    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.

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

    112 George McCarty Dr, Ruidoso, NM 88345
  • 413 Mechem Dr, Ruidoso, NM 88345
    413 Mechem Dr, Ruidoso, NM 88345
    413 Mechem Dr, Ruidoso, NM 88345
    /81

    $535,000

    • 4 Beds
    • 3.5 Baths
    • 3,162 Sq Ft

    413 Mechem Dr, Ruidoso, NM 88345

    So many possibilities await you in this unique property with high visibility for your business or investment ideas. Private access through a gated entrance you'll find a classy 3 bdr. 2 bth residence, with beautiful amenities. Custom kitchen w/stainless appliances & counters. The private, walled back courtyard has numerous outdoor spaces to relax, gather or dine, including a unique soaking

    Mary Austin Coldwell Banker SDC

    413 Mechem Dr, Ruidoso, NM 88345
  • 108 Service Rd, Ruidoso, NM 88345
    108 Service Rd, Ruidoso, NM 88345
    108 Service Rd, Ruidoso, NM 88345
    /55

    $425,000

    • 6 Beds
    • 3 Baths
    • 2,769 Sq Ft

    108 Service Rd, Ruidoso, NM 88345

    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

    Patrick Valliant Better Homes & Gardens Real Estate - Steinborn & Associates

    108 Service Rd, Ruidoso, NM 88345
  • 103 & 105 Reese Dr, Ruidoso, NM 88345
    103 & 105 Reese Dr, Ruidoso, NM 88345
    103 & 105 Reese Dr, Ruidoso, NM 88345
    /74

    $575,000

    • 3 Beds
    • 3 Baths
    • 2,010 Sq Ft

    103 & 105 Reese Dr, Ruidoso, NM 88345

    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

    Nancy Lincoln Coldwell Banker SDC

    103 & 105 Reese Dr, Ruidoso, NM 88345
  • 108 Horton Cir, Ruidoso, NM 88345
    108 Horton Cir, Ruidoso, NM 88345
    108 Horton Cir, Ruidoso, NM 88345
    /114

    $599,000

    • 6 Beds
    • 4 Baths
    • 3,300 Sq Ft

    108 Horton Cir, Ruidoso, NM 88345

    This C-1 zoned property (residential/commercial) consists of a 2,175 sq.ft. 3-bedroom home, a 750 sq.ft. 2-bedroom attached AirBnb rental, a 400 sq.ft. detached AirBnb studio cabin, and a 288 sq.ft. detached cabin with a pet bathing station, all on 1/2 acre.•The AirBnb rentals come furnished and include: appliances, decor, TVs, beds, mattresses, blankets, and linens. It's turnkey and

    Harvey Foster Century 21 Aspen Real Estate

    108 Horton Cir, Ruidoso, NM 88345
  • 112 Lower Terrace Dr, Ruidoso, NM 88345
    112 Lower Terrace Dr, Ruidoso, NM 88345
    112 Lower Terrace Dr, Ruidoso, NM 88345
    /66

    $1,100,000

    • 14 Beds
    • 15 Baths
    • 8,850 Sq Ft

    112 Lower Terrace Dr, Ruidoso, NM 88345

    Escape to your very own woodland retreat with this enchanting property nestled among the towering pines. Imagine owning 14 cozy log cabins each adorned with vintage charm, perfectly blending nostalgia with modern comfort. Just a stone's throw from the vibrant midtown area, this unique offering promises both serenity and convenience for long-term rentals or a personal investment treasure.Every

    Shelley McAlister Full Circle Realty

    112 Lower Terrace Dr, Ruidoso, NM 88345
New Mexico Lincoln County Ruidoso

Multi-Family Homes & Duplexes for Sale in Ruidoso, NM

Why Live in Ruidoso

Ruidoso, NM, is an eclectic mountain town named for its noisy river, nestled in a valley surrounded by the Lincoln National Forest. The town offers a variety of seasonal activities, from skiing and hiking to fishing. Home styles in Ruidoso range from country cabins and Southwestern-style homes to ranch styles and custom builds, with options for single-family homes, manufactured dwellings, condos, and townhouses. The gated neighborhood of White Mountain Meadows provides privacy, while the Innsbrook Village golf community offers amenities like a year-round heated pool and pickleball courts. The South Fork Fire in 2024 affected neighborhoods such as Upper Canyon, Cedar Creek, and Alpine Village. Ruidoso Municipal Schools are recognized for their bilingual education, with Sierra Vista Primary School and Ruidoso Middle School both earning high ratings. For things to do, Wingfield Park offers ice skating and a playground, while Cree Meadows Public Golf Course and Grindstone Lake Picnic Area provide outdoor recreation. Ruidoso Winter Park features year-round tubing and a mountain coaster, and Pillow's Funtrackers amusement park has bumper boats and go-kart tracks. Dining and shopping are centered in the midtown district along New Mexico State Road 48, with popular spots like Cafe Rio Pizza, Noisy Water Winery, and the Village Buttery. Events in Ruidoso include concerts, trivia nights, and pop-up yoga classes, with the Inn of the Mountain Gods hosting diverse music acts. The town is accessible via New Mexico State Road 48, with Roswell about 75 miles away and Albuquerque just over 180 miles distant. ZIA Transit and Shuttle Ruidoso provide local transportation options.

Learn more about living in Ruidoso

Home Trends in Ruidoso, NM

On average, homes in Ruidoso, NM sell after 101 days on the market compared to the national average of 70 days. The median sale price for homes in Ruidoso, NM over the last 12 months is $430,000, up 26% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$430,000
Median Single Family Sale Price
$430,000
Median Townhouse Sale Price
$499,500
Median 2 Bedroom Sale Price
$215,000
Median 1 Bedroom Sale Price
$110,000
Average Price Per Sq Ft
$254
Number of Homes for Sale
92
Last 12 months Home Sales
396
Months of Supply
2.80
Median List Price
$445,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
26%
How to Buy a Home How to Finance a Home How to Sell a Home

In Ruidoso, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $425,000 to $1,100,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Ruidoso is $445,000, while the average sale price is $472,977, offering insights into the local housing market. On average, multi-family homes spend 101 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Ruidoso, NM.

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