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!
For sale
$325,000
502 E Green Ave, Gallup, NM 87301
4beds
3baths
3,000sqft
Triplex, Multi Family
Built in 1950
-- sqft lot
$315,300 Zestimate®
$108/sqft
$-- HOA
What's special
- 71 days |
- 282 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Kano Malik Nious 505-979-8788,
Coldwell Banker Legacy 505-828-1000,
Frank Andreone,
Coldwell Banker Legacy
Source: SWMLS,MLS#: 1103300
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Propane
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Carpet, Tile, Wood
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: NOTAVAILABLE
- Zoning description: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1950
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Storage Facilities
Location
- Region: Gallup
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $89,640
- Annual tax amount: $1,027
- Date on market: 5/9/2026
- Cumulative days on market: 72 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3045
- Tenant pays: None
Estimated market value
$315,300
$300,000 - $331,000
$1,308/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2026 | Listed for sale | $325,000$108/sqft |
Source:  SWMLS #1103300 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,027 -8.2% | $29,880 +0.1% |
| 2024 | $1,119 -3.1% | $29,860 -2.4% |
| 2023 | $1,155 -11.2% | $30,586 -14.3% |
| 2022 | $1,301 +1.3% | $35,690 +1.3% |
| 2021 | $1,285 +5.1% | $35,246 |
| 2020 | $1,223 +1.6% | $35,246 +1.4% |
| 2019 | $1,204 -1.1% | $34,756 -5.4% |
| 2018 | $1,218 -9.6% | $36,730 -2.6% |
| 2017 | $1,347 | $37,713 -68.3% |
| 2016 | $1,347 -3.4% | $119,070 +200% |
| 2015 | $1,395 | $39,690 -2.6% |
| 2014 | $1,395 | $40,746 |
| 2013 | $1,395 | $40,746 -1.1% |
| 2012 | -- | $41,210 |
| 2011 | -- | $41,210 -6.5% |
| 2010 | -- | $44,069 |
| 2009 | -- | $44,069 +4.6% |
| 2008 | -- | $42,150 |
| 2007 | -- | $42,150 -5.4% |
| 2005 | -- | $44,570 +0.4% |
| 2004 | -- | $44,390 |
| 2003 | -- | $44,390 -9.2% |
| 2002 | -- | $48,880 +340% |
| 2001 | -- | $11,110 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87301
Nearby schools
GreatSchools rating
- 4/10Lincoln Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 7/10Gallup Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Gallup High SchoolGrades: 9-12Distance: 5.1 mi
- $--2 bd1 ba1.2k sqft502 E Green Ave APT A, Gallup, NM 87301Off Market
- $--2 bd1 ba1.2k sqft502 E Green Ave #B, Gallup, NM 87301Off Market
- $280,7003 bd2 ba2.3k sqft506 E Green Ave, Gallup, NM 87301Off Market
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- $93,8431 bd1 ba800 sqft503 E Logan Ave, Gallup, NM 87301Off Market
- $327,500-- bd-- ba-- sqft501 E Logan Ave, Gallup, NM 87301Off Market
- $170,500-- bd-- ba-- sqft508 E Green Ave, Gallup, NM 87301Off Market
- $204,0002 bd2 ba1.7k sqft505 E Logan Ave, Gallup, NM 87301Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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