302 E Coal Ave Gallup, NM 87301
Estimated payment $920/month
Total Views
4,429
2
Beds
3
Baths
4,257
Sq Ft
$34
Price per Sq Ft
Highlights
- Deck
- Attic
- Covered Patio or Porch
- Wood Flooring
- No HOA
- Fireplace
About This Home
Prime 4-Unit Multi-Family Investment Opportunity Discover an exceptional income-producing property in a desirable location, perfect for investors or owner-occupants seeking rental income. This 4-unit multi-family property, situated on a spacious 0.47-acre lot, offers a diverse mix of living spaces to attract a variety of tenants. With a total of 4,257 square feet of living space across four distinct units, this property is a rare find with strong rental potential. Property Details: • House #1: Spacious 3-bedroom, 1-bathroom home with 1,509 sq. ft. of living space. Ideal for families or professionals, this unit boasts generous room sizes and a comfortable layout, perfect for long-term tenants. • House #2: Cozy 2-bedroom, 1-bathroom home offering 1,156 sq. ft. of living space. This charming unit provides a warm and inviting atmosphere, appealing to small families or couples. • Apartment #1: Expansive 4-bedroom, 1-bathroom apartment with 750 sq. ft. of living space. Perfect for larger households or shared living arrangements, this unit maximizes space and functionality. • Apartment #2: Modern 2-bedroom, 1-bathroom apartment featuring 842 sq. ft. of living space. This unit offers a contemporary layout, ideal for young professionals or small families. Property Highlights: • Large Lot: Situated on a generous 0.47-acre parcel, providing ample outdoor space for tenant enjoyment, potential landscaping. • Versatile Income Potential: Four distinct units offer flexibility for rental income, with a mix of larger and smaller units to attract diverse tenants. • Well-Maintained: Each unit is designed for low-maintenance living, ensuring ease for property management and tenant satisfaction. • Prime Location: Conveniently located in downtown Gallup making it highly desirable for renters. Whether you’re looking to expand your real estate portfolio or secure a property with steady cash flow, this multi-family gem offers endless possibilities. Don’t miss out on this rare opportunity to own a versatile, income-generating property with strong market appeal. Contact us today to schedule a viewing or for more information!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,568
Year Built
- Built in 1940
Lot Details
- 0.47 Acre Lot
- Fenced
Parking
- Guest Parking
Home Design
- Brick Exterior Construction
- Shingle Roof
- Metal Roof
- Siding
- Masonry
- Stucco
Interior Spaces
- 4,257 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Fireplace
- Surveillance System
- Free-Standing Range
- Attic
- Unfinished Basement
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Refrigerated and Evaporative Cooling System
- Forced Air Heating and Cooling System
- Floor Furnace
- Wall Furnace
- Separate Meters
- Natural Gas Connected
- Individual Gas Meter
- Master Water Meter
- Wi-Fi Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2105088421197
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,570 | $41,870 | $19,970 | $21,900 |
| 2023 | $1,570 | $41,294 | $19,970 | $21,324 |
| 2022 | $1,472 | $40,091 | $19,970 | $20,121 |
| 2021 | $1,419 | $38,884 | $19,950 | $18,934 |
| 2020 | $1,322 | $38,055 | $19,950 | $18,105 |
| 2019 | $1,282 | $36,946 | $19,950 | $16,996 |
| 2018 | $1,238 | $37,336 | $19,968 | $17,368 |
| 2017 | $1,280 | $37,460 | $19,968 | $17,492 |
| 2016 | $1,282 | $113,300 | $0 | $0 |
| 2015 | $1,283 | $37,767 | $0 | $0 |
| 2014 | $1,266 | $38,007 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $145,000 | -12.1% | $34 / Sq Ft |
| 07/16/2025 07/16/25 | For Sale | $165,000 | -- | $39 / Sq Ft |
Source: New Mexico MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document |
Source: Public Records
Similar Home in Gallup, NM
Source: New Mexico MLS
MLS Number: 20254073
APN: R022640
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