Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

302 E Coal Ave, Gallup, NM, 87301

2beds
3baths
4,257sqft
$129,000
$30price/sqft
$1,064/moest. monthly cost
$42,560/yrincome needed

About This Home

Prime 4-Unit Multi-Family Investment Opportunity Discover an exceptional income-producing property in a desirable location, perfect for investors or owner-occupants seeking rental income. This 4-unit multi-family property, situated on a spacious 0.47-acre lot, offers a diverse mix of living spaces to attract a variety of tenants. With a total of 4,257 square feet of living space across four distinct units, this property is a rare find with strong rental potential. Property Details: • House #1: Spacious 3-bedroom, 1-bathroom home with 1,509 sq. ft. of living space. Ideal for families or professionals, this unit boasts generous room sizes and a comfortable layout, perfect for long-term tenants. • House #2: Cozy 2-bedroom, 1-bathroom home offering 1,156 sq. ft. of living space. This charming unit provides a warm and inviting atmosphere, appealing to small families or couples. • Apartment #1: Expansive 4-bedroom, 1-bathroom apartment with 750 sq. ft. of living space. Perfect for larger households or shared living arrangements, this unit maximizes space and functionality. • Apartment #2: Modern 2-bedroom, 1-bathroom apartment featuring 842 sq. ft. of living space. This unit offers a contemporary layout, ideal for young professionals or small families. Property Highlights: • Large Lot: Situated on a generous 0.47-acre parcel, providing ample outdoor space for tenant enjoyment, potential landscaping. • Versatile Income Potential: Four distinct units offer flexibility for rental income, with a mix of larger and smaller units to attract diverse tenants. • Well-Maintained: Each unit is designed for low-maintenance living, ensuring ease for property management and tenant satisfaction. • Prime Location: Conveniently located in downtown Gallup making it highly desirable for renters. Whether you’re looking to expand your real estate portfolio or secure a property with steady cash flow, this multi-family gem offers endless possibilities. Don’t miss out on this rare opportunity to own a versatile, income-generating property with strong market appeal. Contact us today to schedule a viewing or for more information!

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

4/10
Lincoln Elementary SchoolGrades PK-50.8 mi
7/10
Gallup Middle SchoolGrades 6-80.6 mi
4/10
Gallup High SchoolGrades 9-124.9 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Basement
  • Roof: Metal,Shingle,Down Spouts
  • Construction materials: Brick,Stone,Siding,Stucco

Type & Style

  • Home type: MultiFamily
  • Architectural style: Conventional
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Free-Standing Range,Refrigerator
  • Laundry features: Yes

Basement

  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3

Features

  • Attic,Ceiling Fan(s)
  • Flooring: Carpet,Hardwood,Laminate,Tile,Vinyl
  • Fireplace features: Masonry
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Wall Furnace,Floor Furnace,Fireplace(s)
  • Cooling features: Evaporative Cooling,Electric

Interior Area

  • Total structure area: 4,257
  • Total interior livable area: 4,257 sqft

Property

Details

  • Parcel number: 2105088421197

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck,Patio Covered
  • Fencing: Fenced

Lot

  • Lot size: 0.47 Acres

Parking

  • Parking features: Guest