40 residential apartment units on 5.5 acres of Sierra Blanca mountain-view land. C-1 Commercial zoning. Additional 2300 square-foot lobby and 2000 square-foot indoor storage room containing former inground pool. Excess flat buildable land suitable for adding 20 additional units. Price also includes adjacent 3.5 acre panoramic view R-1 parcel at 120 Starlite Road, existing website (Apartments-Ruidoso.com) and domain name, extra billboards including prime location at corner of Sudderth and Paradise Canyon Road. May consider joint venture, or 100% sale of property or LLC (grandfathered property taxes); will assist with 1031 Exchange. Possible partial financing of 1st or 2nd TD.
For sale by owner
$5,000,000
110 Starlite Rd, Ruidoso, NM 88345
57beds
30,000sqft
MultiFamily
Built in 1960
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
Excess flat buildable land
What the owner loves about this home
Prominent location with incredible panoramic views, currently operational and cash flowing with significant additional upside opportunities including expansion, conversion to townhouses, remodeling/converting to senior living, nightly/short-term rentals, etc. Sufficient additional buildable land could add extra 20 units. Adjacent 3.5 acre parcel can be used for an estate property or sold separately. Prime high-visibility billboard location at Sudderth and Paradise Canyon Road has electric and could be converted into multi-sided/directional digital billboard. Website and domain name are established and draw significant traffic, can be utilized for expanding throughout other parts of of Ruidoso.
- 153 days
- 316
- 5
Listed by:
Property Owner (575) 257-4058
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 57
- Bathrooms: 42
- Full bathrooms: 40
- 1/2 bathrooms: 2
Interior area
- Total interior livable area: 30,000 sqft
Video & virtual tour
Property
Lot
- Size: 9 Acres
Details
- Parcel number: 4072064346334000000
Construction
Type & style
- Home type: MultiFamily
Condition
- New construction: No
- Year built: 1960
Community & HOA
Location
- Region: Ruidoso
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $800,061
- Annual tax amount: $8,069
- Date on market: 4/16/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Listed for sale | $5,000,000$167/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,069 +6.4% | $266,687 +3% |
| 2024 | $7,585 +1.9% | $258,920 +3% |
| 2023 | $7,446 +0.9% | $251,378 +3% |
| 2022 | $7,377 +3.5% | $244,057 +3% |
| 2021 | $7,129 +2.1% | $236,949 +3% |
| 2020 | $6,984 +4.9% | $230,047 +0.1% |
| 2019 | $6,658 +3.6% | $229,794 +3% |
| 2018 | $6,425 +3.9% | $223,101 +3% |
| 2017 | $6,185 | $216,582 +3% |
| 2015 | $6,185 +5.9% | $210,294 +3% |
| 2014 | $5,842 | $204,169 |
Find assessor info on the county website
Monthly payment
Est. payment
