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1145 S 5th Street

Montrose, CO 81401
  • $374,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 820378
Price Reduced
UPDATED: 60 min ago
$374,000
  • 2
    BEDS
  • 0.51
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,845
    SQFT
  • $203
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1948
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Style Real Estate LLC: 970-901-6532.


Description

HUGE INVESTMENT OPPORTUNITY! This beautifully updated 1,845-square-foot home is a rare gem located in the heart of Montrose's vibrant ReDo District. Sitting on an expansive 2.5 city lots, this property offers both charm and opportunity with two rental units, each featuring 1 bedroom and 1 full bathroom. The main level is approximately 1113 unfurnished square feet and currently rents for $1700 a month. The upstairs unit is fully furnished including all appliances and furniture and currently rents for $1475 a month. The home has been thoughtfully modernized while preserving its original character, boasting stylish finishes, an open layout, and abundant natural light. The two rental units are equally well-appointed, providing ideal living spaces for tenants or extended family, with private entrances and a shared outdoor area. The large lot offers ample outdoor space, perfect for building another one or two units with room for entertaining, gardening, or even future expansion. Conveniently located near trendy shops, dining, and entertainment, this property is a unique investment opportunity in a sought-after neighborhood. Whether you're looking for a multi-family rental or a spacious home with income potential, this property checks all the boxes!

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2025-02-09T17:56:37.56.
www.destinationdro.com/homes/159336956
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1145 S 5th Street Montrose, CO 81401

  • Price: $374,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 60 min ago
  • MLS #: 820378
2
Beds
2
Baths
0
½ Baths
0.51
Acres
1,845
SQFT
$203
$/SQFT
1948
Built
Neighborhood:
Loutsenhizer Addn
County:
Montrose
Area:
Montrose Se
Elementary School:
Johnson K-5
Middle School:
Centennial 6-8
High School:
Montrose 9-12
Property Description
HUGE INVESTMENT OPPORTUNITY! This beautifully updated 1,845-square-foot home is a rare gem located in the heart of Montrose's vibrant ReDo District. Sitting on an expansive 2.5 city lots, this property offers both charm and opportunity with two rental units, each featuring 1 bedroom and 1 full bathroom. The main level is approximately 1113 unfurnished square feet and currently rents for $1700 a month. The upstairs unit is fully furnished including all appliances and furniture and currently rents for $1475 a month. The home has been thoughtfully modernized while preserving its original character, boasting stylish finishes, an open layout, and abundant natural light. The two rental units are equally well-appointed, providing ideal living spaces for tenants or extended family, with private entrances and a shared outdoor area. The large lot offers ample outdoor space, perfect for building another one or two units with room for entertaining, gardening, or even future expansion. Conveniently located near trendy shops, dining, and entertainment, this property is a unique investment opportunity in a sought-after neighborhood. Whether you're looking for a multi-family rental or a spacious home with income potential, this property checks all the boxes!
Exterior Features

Acreage Range .5 - .99 Carport No Construction Type WoodWood Frame Exterior Inclusions Shed/Storage Exterior Structures Shed Garage No Lot Dimension 62.42 x 125.08 Property Attached Yes Roof Metal Sewer Source Public Sewer Siding Stucco Stories Two Story Street Description City/Town Style Bungalow Utilities Cable TVElectricInternetNatural Gas Water Source City WaterPublic Water Well No Waterfront YN No Windows CladDouble PaneMetal

Interior Features

Additional Living Quarters Yes Appliance Inclusions DryerRange/OvenRefrigeratorWasher Cooling Central A/C Dining Eat-in Kitchen Flooring Carpet-PartialLaminateTile Foundation Basement Crawl SpacePermanent Heating Fuel Source Natural Gas Heating System Heat Pump Interior Inclusions Window CoveringsPart Furnished Main Sq Ft 1113 Master Bedroom Level Main Level One Quarter Baths 0 Total Office Dens 0 Upper Sq Ft 715 Water Heater Gas Water Heater

Property Features

Current Use Residential Green Certification No Hoa No New Construction YN No Possible Property Use Residential Real Estate Included Yes Reo Lender Owned No Special Assement No Tax Year 2024 Total Taxes 1219.68 Water Rights No Zoning Residential Single Family

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2025-02-09T17:56:37.56.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Style Real Estate LLC: 970-901-6532.