For sale

Price cut: $26K (5/29)

$499,000

103 & 105 Reese Dr, Ruidoso, NM 88345

3beds

2,010sqft

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Triplex, Multi Family, Multi Family, Single Family Residence

Built in 1960

-- sqft lot

$-- Zestimate^®

$248/sqft

$-- HOA

What's special

Beautiful river lotsRiver frontage and views

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!

612 days

166

14

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Laundry

Heating

Natural Gas, Other, Wall Furnace

Cooling

Ceiling Fan(s)

Appliances

Included: Electric Range, Refrigerator, Water Heater

Features

Ceiling Fan(s), High Speed Internet
Flooring: Vinyl
Has fireplace: No
Fireplace features: None

Interior area

Total interior livable area: 2,010 sqft

Property

Parking

Parking features: Circular Driveway, Gravel, RV Access/Parking, Shared Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Front Porch
Exterior features: Dog Run, Other
Fencing: Fenced,Partial
Has view: Yes
View description: River
Has water view: Yes
Water view: River
Waterfront features: River Front, Waterfront

Lot

Size: 1.93 Acres
Features: Sloped Down, Level, Waterfront

Details

Additional structures: See Remarks
Zoning: R2
Other equipment: None
Horse amenities: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Cabin
Property subtype: Triplex, Multi Family, Multi Family, Single Family Residence
Attached to another structure: Yes

Materials

Wood Siding
Roof: Pitched,Shingle

Condition

Updated/Remodeled,See Remarks
Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Palmer Gateway

HOA

Has HOA: Yes
Amenities included: Laundry
Services included: None

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $248/sqft
Annual tax amount: $6,012
Date on market: 10/22/2024
Cumulative days on market: 614 days
Listing terms: Cash,Other
Electric utility on property: Yes
Road surface type: Gravel, Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/29/2026	Price change	$499,000-5%$248/sqft
Source: RLCMLS #131745 Report a problem
4/27/2026	Price change	$525,000-4.4%$261/sqft
Source: RLCMLS #131745 Report a problem
10/13/2025	Price change	$549,000-2%$273/sqft
Source: RLCMLS #131745 Report a problem
9/25/2025	Price change	$560,000-2.6%$279/sqft
Source: RLCMLS #131745 Report a problem
7/8/2025	Price change	$575,000-4%$286/sqft
Source: RLCMLS #131745 Report a problem
10/22/2024	Listed for sale	$599,000$298/sqft
Source: RLCMLS #131745 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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