Description
Investment Opportunity – 3 Unit Multi-Family | Gallup, NM Excellent opportunity to acquire a centrally located 3-unit multi-family property at 610 S Fifth Street. This 2–4 unit property features three 2-bedroom, 1-bath units totaling approximately 2,832 square feet. Property is tenant occupied with separate electric, gas, and water meters, helping simplify management and expense control. Current rents are below market value, creating immediate upside potential for investors seeking improved cash flow. With strategic rent adjustments aligned to market rates, this asset offers strong income growth potential and attractive long-term returns. Situated on a corner lot near Fifth and Logan, the property offers convenient access to city amenities. Each unit includes functional layouts, dedicated living space, and access to on-site laundry facilities. Frame and stucco construction, pitched shingle roof, and city utilities provide a solid foundation for continued performance. Whether you are expanding your portfolio or entering the multi-family market, this property presents a compelling value at $235,000 with room to increase revenue and enhance overall yield. Shown by appointment only. 24-hour notice required. Pre-qualified buyers only.
-
6BEDS
-
0.17ACRES
-
0BATHS
-
01/2 BATHS
-
2,832SQFT
-
$83$/SQFT
School Ratings & Info
Description
Investment Opportunity – 3 Unit Multi-Family | Gallup, NM Excellent opportunity to acquire a centrally located 3-unit multi-family property at 610 S Fifth Street. This 2–4 unit property features three 2-bedroom, 1-bath units totaling approximately 2,832 square feet. Property is tenant occupied with separate electric, gas, and water meters, helping simplify management and expense control. Current rents are below market value, creating immediate upside potential for investors seeking improved cash flow. With strategic rent adjustments aligned to market rates, this asset offers strong income growth potential and attractive long-term returns. Situated on a corner lot near Fifth and Logan, the property offers convenient access to city amenities. Each unit includes functional layouts, dedicated living space, and access to on-site laundry facilities. Frame and stucco construction, pitched shingle roof, and city utilities provide a solid foundation for continued performance. Whether you are expanding your portfolio or entering the multi-family market, this property presents a compelling value at $235,000 with room to increase revenue and enhance overall yield. Shown by appointment only. 24-hour notice required. Pre-qualified buyers only.
© 2026 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than Rivas Real Estate are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2026-04-10T11:14:58.723.This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.