About This Home

This 3-bedroom, 2-bathroom single family at 706 1ST St in Gallup, NM is listed for $227,500 ($89 per sqft). Built in 1959, the home offers 2,542 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 1959
  • 0.27 acre lot
  • Fireplace

Property Details

1 story
2 full
1959

Amenities

Fireplace
Listing Description

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.

Monthly Cost Estimate

$1,217/mo

20% down · 6.5% · 30 years

Principal$165
Interest$986
Insurance$66

Estimates only. Actual payments may vary.

Location

706 1ST St

Gallup, NM 87301

Features & Amenities

Exterior Features

Patio Covered

Property Details

Flooring

LaminateCarpetVinyl

Construction

Frame Siding

Outdoor Features

Patio

Heating

Forced Air

Appliances

Free-Standing RangeGas Water HeaterRefrigerator

Questions & Answers

This 3-bedroom, 2-bathroom single family at 706 1ST St is listed at $227,500 ($89/sqft). The estimated monthly payment is $1,216 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1959, 0.27 acre lot, Fireplace. Exterior Features: Patio Covered.

This property is listed by Michael Mazel.

MM

Michael Mazel

License 50222

Agent at Keller Williams Realty

Listed by Keller Williams Realty · Broker phone: (505) 870-7603 · View on Broker Site · Broker website

MLS# 20263840· Source: New Mexico MLS· 121 days on PropertySimple

Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

706 1ST St, Gallup, NM 87301

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