Exceptional Multi-Unit Investment Property in Fast-Growing Grandview – Nearly 2 Acres with Mountain Views Discover a rare investment opportunity in the rapidly expanding Grandview area of Durango, Colorado. Situated on nearly 2 acres just minutes from Mercy Hospital and the popular Three Springs subdivision, this fiveplex property offers both immediate rental income and long-term growth potential in one of La Plata County’s most active development corridors. Enjoy exceptional mountain views from this elevated property, adding to its appeal for both residents and investors. The five units, two of which have been recently remodeled, are divided between two buildings—two units in one structure and three in the other. Unit breakdown includes one 2-bedroom, 1-bathroom unit and four 1-bedroom, 1-bathroom units, catering perfectly to the area’s demand for quality, smaller-footprint housing. Utilities include a private water well, South Durango Sanitation sewer service, propane for heating, and electricity through LPEA. With new housing and commercial development springing up all around, this property is ideally positioned for the ever-increasing rental demand. Don’t miss this outstanding investment opportunity in one of Durango’s most strategic growth areas with breathtaking views.
Active
Price cut: $62K (7/23)
$1,198,000
195 Silverview Lane #1-5, Durango, CO 81303
6beds
3,556sqft
Est.:
Fiveplex
Built in 1973
-- sqft lot
$1,125,600 Zestimate®
$337/sqft
$-- HOA
What's special
Mountain views
- 96 days
- on Zillow |
- 290 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 06:27am
Listed by:
Makala Jewell 970-880-4196,
EXIT Realty Home & Ranch,
Jon Tyler Frakes,
EXIT Realty Home & Ranch
Source: CREN,MLS#: 823550

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Interior area
- Total structure area: 3,556
- Total interior livable area: 3,556 sqft
Property
Lot
- Size: 1.8 Acres
Details
- Parcel number: 566911104006
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fiveplex
Condition
- New construction: No
- Year built: 1973
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Durango
Financial & listing details
- Price per square foot: $337/sqft
- Annual tax amount: $2,251
- Date on market: 5/1/2025
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