24
See all 24 photos
$1,300,000
Est. payment /mo
12 Beds
7 Baths
6,208 SqFt
New
832 N 2nd Street Montrose, CO 81401
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Key Details
Property Type Multi-Family
Sub Type Apartment Bldg.
Listing Status Active
Purchase Type For Sale
Square Footage 6,208 sqft
Price per Sqft $209
MLS Listing ID 838919
Style Garden/Low Rise Apts
Bedrooms 12
Full Baths 7
Year Built 1971
Tax Year 2026
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Apartment Bldg.
Property Description
832 N. 2nd St. presents a compelling opportunity to acquire a 7-unit residential income property in one of Western Colorado's steadily growing rental markets. Ideally located within close proximity to downtown Montrose, this asset benefits from strong tenant demand, convenient access to amenities, and a stable rental environment. Situated right next to City of Montrose Bike/Pedestrian path and park. The property offers immediate income with existing tenants in place, while also providing upside through rent growth and operational improvements. Its manageable size makes it an attractive option for both seasoned investors and those looking to expand or enter the multi-family sector. With Montrose continuing to experience population growth and increased demand for quality housing, 832 N 2nd St is well-positioned for long-term appreciation and consistent cash flow, making it a strategic addition to any investment portfolio.
Location
State CO
County Montrose
Zoning Residential Multi Family
Rooms
Basement Concrete
Interior
Flooring Carpet, Laminate
Inclusions Range/Oven, Refrigerator
Furnishings Unfurnished
Exterior
Waterfront Description Creek
Roof Type Composition
Building
Story One Story
Foundation Concrete
Sewer City Sewer
Water City Sewer
New Construction No
Schools
Elementary Schools Northside K-5
Middle Schools Centennial 6-8
High Schools Montrose 9-12
Listed by Renfrow Realty
NEARBY SCHOOL & BUSINESS
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