SOLD OCT 9, 2026

Sold on oct 2026

—

•

2,769

sq ft

108 Service Rd, Ruidoso, NM 88345

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About this home

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.

Multi-familyProperty Type

1943Year Built

7,405 sq ftLot Size

Listed by Leroy Smith • Fathom Realty NM

Bought with Out Of Area Area • Out of Area

Redfin checked: 2 minutes ago

•Source:RLCAR #134525

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 88345, NM

Last updated September 2026

Sale-to-list price

110.0%

0.0% MoM

Median sale price

$370K

$5K MoM

Avg. days on market

126d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 17 HRS AGO
$675,000
5 beds4 baths3,187 sq ft
118 Peak Dr, Ruidoso, NM 88345
$415,000
4 beds2 baths2,552 sq ft
301 Guajolote Rd, Ruidoso, NM 88345
$47,900
2 beds1 bath400 sq ft
222 Paradise Canyon Dr, Ruidoso, NM 88345
$750,000
3 beds3 baths2,711 sq ft
114 Reservoir Rd, Ruidoso, NM 88345
$430,000
3 beds2 baths1,808 sq ft
212 Jack Little Dr, Ruidoso, NM 88345
$209,000
2 beds1 bath776 sq ft
108 Twin Mountain Rd, Ruidoso, NM 88345
$525,000
4 beds3 baths2,122 sq ft
335 Country Club Dr, Ruidoso, NM 88345
$142,000
1 bed1 bath500 sq ft
904 Carrizo Canyon Rd #214, Ruidoso, NM 88345
$539,000
3 beds4.5 baths3,265 sq ft
103 Coker Ln, Ruidoso, NM 88345
$235,000
2 beds1 bath768 sq ft
130 Larch Dr, Ruidoso, NM 88345
See all

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Sale and tax history for 108 Service Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$1,820 (+3.4%)

$5,592 + $54,661

$60,253

2024

$1,760 (+2.0%)

$5,592 + $54,661

$60,253

2023

$1,725

$5,429 + $53,453

$58,882

2022

$1,727 (+1.9%)

$5,271 + $52,280

$57,551

2021

$1,695 (+1.8%)

$5,117 + $51,142

$56,259

2020

$1,666 (+6.2%)

$4,968 + $50,037

$55,005

2019

$1,569 (+2.8%)

$4,823 + $48,964

$53,787

2018

$1,525 (+2.3%)

$4,728 + $48,263

$52,991

2017

$1,491 (+1.1%)

$4,590 + $47,242

$51,832

2016

$1,474 (−0.5%)

$4,456 + $46,250

$50,706

2015

$1,481 (+0.6%)

$4,456 + $46,250

$50,706

2014

$1,472 (+5.8%)

$13,368 + $138,750

$152,118

2013

$1,391

$13,368 + $138,750

$152,118

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

7,530 Sq. Ft.

Year renovated

—

Sq. Ft.

2,055

Year built

1943

Style

Other

County

Lincoln County

APN

4074065116383000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 16, 2026.

C-2

Community Commercial District

The purpose of the C-2 community commercial district is to provide for low-intensity retail or service outlets which deal directly with the consumer for whom the goods or services are intended. The uses allowed in this district are to provide goods and services on a community market scale and should be located in areas which are served by arterial street facilities.

Permitted uses

Include but are not limited to:

Bank
Laundromat
General retail
Restaurant
Hospital / medical center
Hotel / motel
Office
Public service
Educational / school
Veterinary clinic

Property details

Parking

Parking/Garage Information
Parking Features: Paved, Parking Lot

Interior

Bathroom Information
# of Full Bathrooms: 3

Heating & Cooling
Has Cooling
Cooling: Central Air, Ceiling Fan(s)
Has Heating
Heating: Central, Natural Gas

Interior Features
Furnished: Unfurnished
Appliances: Dryer, Gas Oven, Gas Range, Refrigerator, Washer
Fireplace Features: None

Exterior

Exterior Features
Exterior Features: Balcony
Patio And Porch Features: Deck
Fencing: Back Yard
Roof: Shingle

Building Information
Structure Type: Triplex
Levels: Two
Construction Materials: Wood Siding

Property Features
Has View
Horse Amenities: None
Other Equipment: None
Other Structures: Storage

Property Information
Property Type: Residential
Property Sub Type: Triplex
Raw Mls Property Sub Type: Triplex
Property Condition: Updated/Remodeled

Lot Information
Lot Features: Cleared, Level
Road Surface Type: Paved
Road Frontage Type: City Street
Lot Size : 0.17
Lot Size Area: 0.17
Lot Size Units: Acres
Lot Size Acres: 0.17
Zoning: C2

Financial

Tax Information
Tax Annual Amount: $3,518

Utilities

Utility Information
Water Source: Public
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer: Public Sewer

Location

Location Information
Directions: From Sudderth Drive, turn north on to Reese Drive and then a quick right again on Service Road. Property will be immediately on the right.
Subdivision Name: Palmer Gateway

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,055
Stories: 2.0
Lot Size: 7,530 square feet
Style: Other
Year Built: 1943
Year Renovated: —
County: Lincoln County
APN: 4074065116383000000

Home facts updated by county records on Oct 16, 2026

Other

Listing Information
List AOR: RuidosoLincolnCountyAssociationOfRealtors

Around this home

Schools

White Mountain Elementary School

Public 3-5 • Assigned • 2.7mi

6/10

Ruidoso Middle School

Public 6-8 • Assigned • 2.0mi

6/10

Ruidoso High School

Public 9-12 • Assigned • 1.9mi

4/10

Provided by GreatSchools

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

8/10 Fire Factor

34% chance of being in a wildfire in next 30 years

2/10 Heat Factor

9 days above 86° expected this year, 26 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Ruidoso, NM • 88345

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 88345

NEW 17 HRS AGO

$675,000

5 beds4 baths3,187 sq ft

118 Peak Dr, Ruidoso, NM 88345

$415,000

4 beds2 baths2,552 sq ft

301 Guajolote Rd, Ruidoso, NM 88345

$47,900

2 beds1 bath400 sq ft

222 Paradise Canyon Dr, Ruidoso, NM 88345

$750,000

3 beds3 baths2,711 sq ft

114 Reservoir Rd, Ruidoso, NM 88345

$430,000

3 beds2 baths1,808 sq ft

212 Jack Little Dr, Ruidoso, NM 88345

$209,000

2 beds1 bath776 sq ft

108 Twin Mountain Rd, Ruidoso, NM 88345

$525,000

4 beds3 baths2,122 sq ft

335 Country Club Dr, Ruidoso, NM 88345

$142,000

1 bed1 bath500 sq ft

904 Carrizo Canyon Rd #214, Ruidoso, NM 88345

$539,000

3 beds4.5 baths3,265 sq ft

103 Coker Ln, Ruidoso, NM 88345

Home values near 108 Service Rd

Data from public records.

Address
132 Service Rd, Ruidoso, NM - Beds \| - Baths \| - Sq. Ft.
122 Service Rd, Ruidoso, NM - Beds \| - Baths \| - Sq. Ft.

Address
128 Service Rd, Ruidoso, NM - Beds \| - Baths \| - Sq. Ft.
214 Service Rd, Ruidoso, NM - Beds \| - Baths \| 986 Sq. Ft.

Address
124 Service Rd, Ruidoso, NM - Beds \| - Baths \| - Sq. Ft.
120 Service Rd, Ruidoso, NM - Beds \| - Baths \| - Sq. Ft.

Property information provided by RLCAR when last listed in 2026. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 88345, NM

Homeowner tools

Sale and tax history for 108 Service Rd

Public record

Property details

Around this home

Schools

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 88345

Home values near 108 Service Rd

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