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
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $762,000+1.6%$112/sqft |
Source: AGSMLS #190859 Report a problem | ||
| 11/25/2025 | Contingent | $750,000$110/sqft |
Source: AGSMLS #190859 Report a problem | ||
| 11/21/2025 | Listed for sale | $750,000-31.8%$110/sqft |
Source: AGSMLS #190859 Report a problem | ||
| 11/21/2025 | Listing removed | $1,100,000$161/sqft |
Source: AGSMLS #189210 Report a problem | ||
| 7/15/2025 | Listed for sale | $1,100,000-31.3%$161/sqft |
Source: AGSMLS #189210 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
- 5/10Highland Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 3/10Rifle Middle SchoolGrades: 6-8Distance: 0.3 mi
- 5/10Rifle High SchoolGrades: 9-12Distance: 0.8 mi

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