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114 W Adams Ave, Gallup, NM, 87301

2beds
2baths
--sqft
$81,000
--price/sqft
$625/moest. monthly cost
$25,000/yrincome needed

About This Home

Discover a rare opportunity on the quiet, private Northside of town—two separate 1-bedroom, 1-bath homes situated on a generous quarter-acre lot, offering exceptional potential for both investors and families seeking flexibility. Tucked away on a quiet street yet still close to parks, shopping, and everyday amenities, this property provides the convenience of in-town living with the privacy and space that tenants or loved ones will appreciate. Whether you’re looking to expand your rental portfolio or create a unique multi-generational living setup, the layout here opens the door to multiple possibilities. Each home offers its own individual space, making it easy to accommodate long-term tenants, provide independent living for family members, or even live in one unit while generating income from the other. The homes do require some updating, but that only adds to their appeal for buyers seeking a property they can tailor to their vision. With the footprint already in place, it’s easy to imagine how thoughtful improvements could quickly elevate both value and comfort. Versatile, well-located, and full of potential, come explore what this unique property can become and take the first step toward creating something truly special.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

7/10
4/10
3/10
Miyamura High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1938

Materials

  • Roof: Pitched,Shingle
  • Construction materials: Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Free-Standing Range

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Flooring: Tile,Vinyl

Heating

  • Heating features: Forced Air

Property

Details

  • Parcel number: 2106088090442

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.28 Acres
  • Features: Irregular Lot

Parking

  • Total spaces: 1
  • Parking features: Covered
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High

How This Home’s Risks Compare

Lightning
Cold Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters in McKinley County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $409$4,908
Home Insurance *$45$540
Property Taxes $23$276
Electricity $148$1,780
Total$625$7,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$21,428/yr
40% on housing$18,750/yr
45% on housing$16,666/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 12.1%
12.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 87301$120
McKinley County$119

vs Homes Sold Last Month

Median $/sqft

ZIP 87301$133
McKinley County$141

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-27Listed for sale$90,000

For Sale by Agent

AgentChristopher Acevedo
BrokerageExp Realty, LLC

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