$325,000

502 E Green Ave Gallup, NM 87301

Estimated payment $1,820/month

Total Views 288
4 Beds
3 Baths
3,000 Sq Ft
$108 Price per Sq Ft

Highlights

  • Popular Property
  • Window Unit Cooling System
  • Heating System Uses Propane
  • Wood Flooring
  • Community Storage Space

About This Home

Excellent investment opportunity in the heart of Gallup, NM! This fully rented triplex offers strong cash flow with an estimated 8.4% cap rate and a proven tenant track record, making it an ideal addition to any investor's portfolio. Each unit includes in-unit washer and dryer hookups, providing added convenience and tenant appeal. Located along the I-40 corridor, Gallup serves as a major hub for healthcare, railroad, tourism, and regional commerce, attracting consistent rental demand. Out-of-town investors will appreciate Gallup's affordability, stable rental market, proximity to outdoor recreation, and rich Native American culture and history. A turnkey income-producing property with long-term upside potential!

Listing Agent

Kano Nious

Coldwell Banker Legacy License #54529 Listed on: 05/09/2026

Coldwell Banker Legacy

Co-Listing Agent

Frank Andreone

Coldwell Banker Legacy License #25713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,027

Lot Details

  • 7,100 Sq Ft Lot

Home Design

  • Triplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Propane
  • Natural Gas Connected

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number NOTAVAILABLE

Community Details

Building Details

  • Operating Expense $5,700
  • Gross Income $36,000

Additional Features

  • 3,000 Sq Ft Building
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,027

Lot Details

7,100 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: take I-40 West toward Gallup. take Exit 22 for Miyamura Drive/Montoya Boulevard. Stay left toward the Central Business District. Continue on Ford Drive, then keep left onto Miyamura Opas and continue onto S. Ford Drive. Turn right onto E. Green Avenue. Property will be on the left.
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: CBLR01
  • Co List Office Phone: (505) 828-1000
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Stories: 2
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Total Bedrooms: 4
  • Living Area: 3000.0

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: UNKNOWN
  • Construction Type: Frame, Stucco
  • Property Condition: Resale

Utilities

  • Cooling: Window Unit(s)
  • Heating: Propane
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry Features: Washer Hookup, Dryer Hookup, In Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Storage Facilities

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 7100.0
  • Parcel #: NOTAVAILABLE
  • Zoning Description: R-1

Rental Info

  • Tenant Pays: None
  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36000.0
  • Annual Operating Expense: 5700.0
  • Total Actual Rent: 3045.0

Tax Info

  • Tax Annual Amount: 1027.4

Map

Range of Values:

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Value Increase
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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
2025 $1,027 $29,880 $7,693 $22,187
2024 $1,027 $29,860 $7,693 $22,167
2023 $1,119 $30,586 $7,693 $22,893
2022 $1,310 $35,690 $7,693 $27,997
2021 $1,285 $35,212 $7,686 $27,526
2020 $1,223 $35,212 $7,686 $27,526
2019 $1,204 $34,722 $7,686 $27,036
2018 $1,218 $36,726 $7,693 $29,034
2017 $1,288 $37,713 $7,693 $30,020
2016 $1,347 $119,070 $0 $0
2015 $1,358 $39,690 $0 $0
2014 $1,358 $40,746 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2026 05/09/26 For Sale $325,000 -- $108 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Gallup Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $219,423 FHA
Source: Public Records

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1103300

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: R003670

New Mexico Mckinley County Gallup 87301

502 E Green Ave, Gallup, NM

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Kano Nious
Listing Agent
Kano Nious
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Coldwell Banker Legacy
(505) 578-7540
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