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Sold
  • Price Unknown

    108 Service Rd, Ruidoso, NM 88345

    6beds
    2,769sqft
    Triplex, Multi Family, Multi Family
    Built in 1943
    -- sqft lot
    $315,000 Zestimate®
    $--/sqft
    $1,570 Estimated rent

    Home value

    $315,000

    Estimated sales range

    Not available

    $1,570/mo

    Zestimate® history
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    What's special

    Quiet neighborhoodWell-kept triplexUpdated plumbing
    Turn-key income opportunity in the cool pines! This renovated, well-kept triplex features three 2-bedroom, 1-bathroom units, each thoughtfully updated and currently occupied by full-time, paying tenants, so your cash flow starts on Day 1. Tucked into a quiet neighborhood with quick access to Ruidoso's hospital complex and more, the property has updated plumbing, electrical, framing, painting, and more. Each unit is low-maintenance and appealing to long-term renters in a town where long-term rentals are very hard to find. Whether you're expanding your portfolio or making your first investment, this triplex delivers reliable returns with none of the renovation legwork. Three units, one roof, zero vacancy = a rare chance to own an established income stream in a bustling tourist town.

    Zillow last checked:

    Listing updated:

    Listed by:

    Leroy Smith 575-973-2345,

    Fathom Realty NM

    Bought with:

    Out Of Area

    Out of Area

    Source: RLCMLS,MLS#: 134525MLS LogoOriginating MLS: Ruidoso Lincoln County Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Central, Natural Gas
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dryer, Gas Oven, Gas Range, Refrigerator, Washer
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total interior livable area: 2,769 sqft

    Property

    Parking
    • Parking features: Paved, Parking Lot
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Balcony
    • Exterior features: Balcony
    • Fencing: Back Yard
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 7,405 Square Feet
    • Features: Cleared, Level
    Details
    • Additional structures: Storage
    • Parcel number: 4074065116383000000
    • Zoning: C2
    • Special conditions: Standard
    • Other equipment: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Triplex, Multi Family, Multi Family
    • Attached to another structure: Yes
    Materials
    • Wood Siding
    • Roof: Shingle
    Condition
    • Updated/Remodeled
    • Year built: 1943

    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
    • Subdivision: Palmer Gateway
    Location
    • Region: Ruidoso

    Financial & listing details

    • Tax assessed value: $180,759
    • Annual tax amount: $3,518
    • Date on market: 8/13/2026
    • Cumulative days on market: 26 days
    • Listing terms: Cash,Conventional,1031 Exchange
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/9/2026Sold--
    Source: RLCMLS #134525 Report a problem
    9/8/2026Contingent$349,000$126/sqft
    Source: RLCMLS #134525 Report a problem
    8/13/2026Listed for sale$349,000-12.8%$126/sqft
    Source: RLCMLS #134525 Report a problem
    11/1/2025Listing removed$400,000$144/sqft
    Source: RLCMLS #131983 Report a problem
    8/30/2025Price change$400,000-5.9%$144/sqft
    Source: RLCMLS #131983 Report a problem
    6/7/2025Price change$425,000-5.3%$153/sqft
    Source: RLCMLS #131983 Report a problem
    1/22/2025Listed for sale$449,000$162/sqft
    Source: RLCMLS #131983 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,820 +3.4%$60,253 +2.3%
    2024$1,760 +2%$58,882 +2.3%
    2023$1,725 -0.1%$57,551 +2.3%
    2022$1,727 +1.9%$56,259 +2.3%
    2021$1,695 +1.8%$55,005 +2.3%
    2020$1,666 +6.2%$53,787 +1.5%
    2019$1,569 +2.8%$52,991 +2.2%
    2018$1,525 +2.3%$51,832 +38.2%
    2017$1,491 $37,510 -26%
    2015$1,491 +1.3%$50,706
    2014$1,472 +5.9%$50,706
    2013$1,391 -0.1%$50,706
    2012$1,392 -0.2%$50,706
    2010$1,394 $50,706
    Find assessor info on the county website

    Neighborhood: 88345

    Nearby schools

    GreatSchools rating