Residential Income

Gallup, NM Residential Income Properties for Sale

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Mentmore, NM Ramah, NM Mcgaffey, NM
Triplex with In-Unit Laundry Hookups
Updated: Apr 29
Triplex with In-Unit Laundry Hookups

502 E Green Avenue, Gallup, NM 87301

$325,000
3,000 sqft 0.16 AC lot
3,000‑square‑foot triplex on a 0.16‑acre parcel
Fully rented three‑unit residential property
Estimated 8.4% cap rate
Washer and dryer hookups included in each unit
Built in 1950 with frame and stucco construction
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Red Roof Inn
Updated: Jan 28, 2025
Red Roof Inn

3304 West Highway 66, Gallup, NM 87301

$5,350,000
52,000 sqft
103 units, 2 story, exterior corridor
Located on I‑40 and 2 hours from Albuquerque
2022 room revenue: $1,699,534
2023 room revenue: $1,557,561
TTM November 2024 Revenue: $1,478,611
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Gallup, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Apartment Property With House
Apartment Property With House

416 hwy 66, Milan, NM 87021

$865,000
22,000 sqft

The property includes apartment units, a house, and tile flooring.

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Duplex with Separate Utilities
Duplex with Separate Utilities

701 Lava, Milan, NM 87021

$139,000
1,922 sqft 0.38 AC lot

Two occupied residences offer distinct layouts, individual meters, and additional lot area for a manufactured home.

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Off-Grid Cabin on 20 Acres
Off-Grid Cabin on 20 Acres

Box S Ranch Road lot: 20-23, Ramah, NM 87321

$185,000
20.15 AC lot

Turnkey off-grid cabin with equipment on 20 acres.

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Private Wooded Acres with Cabin
Private Wooded Acres with Cabin

Forest Road 157, Ramah, NM 87321

$89,000
16.40 AC lot

Off-grid log cabin on 16.4 acres with forest access.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land with Views and Utilities
Land with Views and Utilities

E Elk Drive lot: 14, Ramah, NM 87321

$39,000
5.40 AC lot

5.4 acres of land with power, meadows, and views.

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Recreation and Home Building Land
Recreation and Home Building Land

700 Timberlake Road, Ramah, NM 87321

$117,000
6.36 AC lot

6.36-acre parcel in Timberlake Ranch with existing well, septic system, and RV hookups.

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Off-Market Properties in Gallup, NM

Consider similar Off-Market properties in Gallup, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

610 Wilson Ave
Multifamily properties

610 Wilson Ave, Gallup, NM 87301

Estimated value:
No data
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Duplicate
Land

0 Duplicate, Gallup, NM 87301

Estimated value:
No data
12.20 AC lot
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Duplicate
Land

0 Duplicate, Gallup, NM 87301

Estimated value:
No data
12.20 AC lot
View details
Gallup, NM 87301
MOBILE HOME PARK, TRAILER PARK

Gallup, NM 87301

Estimated value:
$300,000
2.33 AC lot
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Gallup, NM Residential Income Properties Market Trends and Statistics

Explore 6 residential income properties for sale in Gallup, NM on our real estate platform. These investment opportunities span a total of 55,000 square feet of properties for sale, with an estimated market value of $5,675,000.

Sale prices for residential income properties in Gallup, NM start at $325,000, averaging $2,837,500, and reaching up to $5,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 1
Triplexes 1

Demographics Overview

Population 37K
Population Growth (5Y) +6.9%
Median Household Income $50,451
College Educated 9.2%

High-Yield Neighborhoods for Investment

Identify Gallup submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
87301 $2.8M

Taxes & Financing

Tax Rate (average for all types) 4.17%
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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