543 S 5th Street

Description

Come experience one of Montrose’s most iconic historic homes, ideally situated in the heart of the Montrose Town Core where walkability, convenience, and classic Western Colorado charm come together. Built in 1900, this beautifully restored turn-of-the-century estate reflects the architectural elegance that helped shape Montrose, while offering modern comforts and a flexible lifestyle that today’s buyers value. Its central location provides easy access to shops, dining, medical facilities, and air service, making it an ideal home base for both full-time living and investment. Set on a fully developed 6,250 square foot lot, the property includes two distinct residences: a stately 3,300 square foot manor and a thoughtfully converted carriage house ADU. The guest cottage provides a strong and proven income stream, currently functioning as a highly desirable rental, while also offering versatility as a long-term rental, guest home, office, or studio. This dual-home configuration creates an exceptional opportunity to offset ownership costs while preserving privacy and flexibility. The main residence spans three expansive levels and showcases classic architectural details throughout, including soaring ceilings, oversized windows, original hardwood floors, and intricate wood trim. These historic elements are seamlessly blended with modern systems, fixtures, and appliances. Gracious living and dining spaces flow from the elegant front porch entry, while the well-appointed kitchen serves as the heart of the home, opening to a beautifully landscaped backyard retreat. Additional living space on the lower level offers separate access and further income or guest potential, complete with a fireplace and bath. The upper level features oversized bedrooms and a refined primary suite with a walk-in closet, soaking tub, and oversized tiled shower. Outdoors, stone pathways, mature landscaping, and a greenhouse complete this private oasis. This is a rare opportunity to own a landmark Montrose property that combines historic architecture, an income-producing ADU, and a premier in-town location.