For sale

$325,000

502 E Green Ave, Gallup, NM 87301

4beds

3baths

3,000sqft

$2,291/mo

Get pre-qualified

Triplex, Multi Family

Built in 1950

-- sqft lot

$-- Zestimate^®

$108/sqft

$-- HOA

What's special

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!

153 days
200
9

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: 154 days
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 3195
Tenant pays: None

Estimated market value

Not available

Estimated sales range

Not available

$1,237/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