Multi-Family Investment Opportunity: Dual 3-Bedroom Units + Vacant Lot with Storage Discover an excellent income-producing property featuring two separate 3-bedroom residences and additional development/storage potential on a vacant lot. Perfect for investors seeking strong rental cash flow, house hacking, or portfolio expansion. Property Highlights Main Unit: 3 bedrooms, 2 bathrooms, 1,720 sq ft of living space Second Unit: 3 bedrooms, 1 bathroom, 822 sq ft of living space Total Living Space: Approximately 2,542 sq ft Additional Lot: Vacant parcel included with two storage units already in place ideal for extra rental income, workshop space, or future expansion This multi-family setup offers flexible living arrangements or turn-key rental income. The larger unit provides spacious family-style living with two full baths, while the smaller unit delivers efficient, cozy accommodations. Both units are well-suited for attracting quality tenants in a steady rental market. Call Michael Mazel at 505-519-6715.
For sale
$235,000
706 N 1st St, Gallup, NM 87301
--beds
--baths
2,542sqft
Single Family Residence
Built in 1959
0.27 Acres Lot
$-- Zestimate®
$92/sqft
$-- HOA
What's special
- 13 days |
- 181 |
- 2 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Munoz-Hamilton 505-863-4363,
Keller Williams Realty Gallup Living 505-488-2344
Source: New Mexico MLS,MLS#: 20263840
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Facts & features
Interior
Heating
- Forced Air
Features
- Flooring: Carpet, Laminate, Vinyl
- Has fireplace: No
- Fireplace features: Pellet
Interior area
- Total structure area: 2,542
- Total interior livable area: 2,542 sqft
Property
Features
- Stories: 1
- Patio & porch: Covered, Patio Covered
- Exterior features: Covered
- Fencing: Cross Fenced,Fence
Lot
- Size: 0.27 Acres
- Topography: Cross Fenced, Fence, Irregular Lot
Details
- Parcel number: 2106088059437
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Siding
Condition
- Year built: 1959
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Gallup
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $55,444
- Annual tax amount: $655
- Date on market: 6/29/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Free-Standing Range, Gas Water Heater, Refrigerator
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,515/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $235,000$92/sqft |
Source:  New Mexico MLS #20263840 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $635 +41.9% | $18,481 +3% |
| 2024 | $448 -35.9% | $17,943 -2.9% |
| 2023 | $698 -16% | $18,486 -18.8% |
| 2022 | $831 +41.4% | $22,780 +3% |
| 2021 | $588 +11.8% | $22,116 +46% |
| 2020 | $526 +4.4% | $15,152 -26.2% |
| 2019 | $504 -10.2% | $20,536 -10.4% |
| 2018 | $561 -15% | $22,920 -4.4% |
| 2017 | $660 | $23,965 -68.6% |
| 2016 | $660 -27.9% | $76,340 +200% |
| 2015 | $916 | $25,446 -4.9% |
| 2014 | $916 | $26,753 |
| 2013 | $916 | $26,753 -4.5% |
| 2012 | -- | $28,025 |
| 2011 | -- | $28,025 +6.1% |
| 2010 | -- | $26,410 |
| 2009 | -- | $26,410 +6.1% |
| 2008 | -- | $24,890 |
| 2007 | -- | $24,890 +6.1% |
| 2005 | -- | $23,470 +1.9% |
| 2004 | -- | $23,040 |
| 2003 | -- | $23,040 +2% |
| 2002 | -- | $22,590 |
| 2001 | -- | $22,590 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 87301
Nearby schools
GreatSchools rating
- 7/10Indian Hills Elementary SchoolGrades: PK-5Distance: 3.9 mi
- 4/10John F. Kennedy Middle SchoolGrades: 6-8Distance: 2.3 mi
- 3/10Miyamura High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: None/Other
- Middle: None/Other
- High: None/Other
Source: New Mexico MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- New Mexico
- McKinley County
- Gallup
- 87301
- 706 N 1st St
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