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For sale
    • Price cut: $26K (5/29)
    $499,000

    103 & 105 Reese Dr, Ruidoso, NM 88345

    3beds
    2,010sqft
    : 
    $3,062/mo
    Get pre-qualified
    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!
    657 days
    |
    103
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Don & Nancy Lincoln 575-937-0110,

    Coldwell Banker SDC 575-257-5111

    Source: RLCMLS,MLS#: 131745MLS LogoOriginating MLS: Ruidoso Lincoln County Association of REALTORS

      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: 659 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

        Not available

        Price history

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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: 88345

        Getting around

        35 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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