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Sold for $762,000
  • $762,000

    337 E 5th St, Rifle, CO 81650

    5beds
    6,824sqft
    Multi Family
    Built in 1911
    -- sqft lot
    $762,100 Zestimate®
    $112/sqft
    $2,228 Estimated rent

    Home value

    $762,100

    $709,000 - $815,000

    $2,228/mo

    Zestimate® history
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    What's special

    Fully Occupied fourplex with positive cash flow. 337 E 5th Street offers a rare opportunity to acquire a well-maintained four-unit property generating $6,900/month in gross rental income with a self managed 8.45% cap rate or 7.4% cap rate with professional management. This income-producing asset includes a spacious 3 bed / 2.5 bath unit, two comfortable 1 bed / 1 bath units, and a roomy studio for a balanced mix that attracts a broad range of tenants. Rifle's rental market continues to show strong, steady demand, fueled by a stable local workforce, limited rental inventory, and proximity to key industries like energy, healthcare, and outdoor recreation. With a gross annual income of $82,880, this property delivers immediate cash flow in a market where vacancy rates remain low. The building has been well cared for, making it a true plug-and-play investment with potential for rent growth and long-term appreciation. Rifle is widely considered a strong buy-and-hold market, with both property values and rental rates trending upward. This is the kind of opportunity investors look back on and wish they took the opportunity when they had the chance.

    Zillow last checked: 8 hours ago

    Listing updated: December 30, 2025 at 10:03am

    Listed by:

    Travis J Cox (970)945-8988,

    Keller Williams Colorado West Realty (GWS)

    Bought with:

    Amy Luetke, ER40014669

    The Property Shop

    Source: AGSMLS,MLS#: 190859

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Heating
    • Forced Air
    Cooling
    • Central Air
    Features
    • Basement: Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 6,824
    • Total interior livable area: 6,824 sqft

    Property

    Lot
    • Size: 1 sqft
    Details
    • Parcel number: 217716106005
    • Zoning: Res

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Masonite
    • Roof: Composition
    Condition
    • Good
    • New construction: No
    • Year built: 1911

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Location
    • Region: Rifle
    • Subdivision: Murphy

    Other

    Other facts
    • Listing terms: New Loan,Cash

    Price history

    DateEventPrice
    12/30/2025Sold$762,000+1.6%$112/sqft
    Source: AGSMLS #190859 Report a problem
    11/25/2025Contingent$750,000$110/sqft
    Source: AGSMLS #190859 Report a problem
    11/21/2025Listed for sale$750,000-31.8%$110/sqft
    Source: AGSMLS #190859 Report a problem
    11/21/2025Listing removed$1,100,000$161/sqft
    Source: AGSMLS #189210 Report a problem
    7/15/2025Listed for sale$1,100,000-31.3%$161/sqft
    Source: AGSMLS #189210 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,707 $40,530
    2023$2,707 -16.3%$40,530 +5.3%
    2022$3,235 +18.5%$38,480 -4.9%

    Find assessor info on the county website

    Neighborhood: 81650

    Nearby schools

    GreatSchools rating
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