Investor Alert: Turnkey Income Property in the Heart of Rifle.
337 E 5th Street offers a rare opportunity to acquire a well-maintained four-unit property generating $6,600/month in gross rental income. 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 $79,200, 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.
For sale
$1,100,000
337 E 5th St, Rifle, CO 81650
5beds
6,824sqft
Est.:
Multi Family
Built in 1911
-- sqft lot
$1,060,200 Zestimate®
$161/sqft
$-- HOA
What's special
- 27 days
- on Zillow |
- 528 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 02:41pm
Listed by:
Travis J Cox (970)945-8988,
Keller Williams Colorado West Realty (GWS)
Source: AGSMLS,MLS#: 189210
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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 Square Feet
Details
- Parcel number: 217716106005
- Zoning: Resdiential
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
- Electric: Yes
- Water: Public
- Utilities for property: Natural Gas Available, Electricity Connected
Community & HOA
Community
- Subdivision: Murphy
HOA
- Services included: Sewer
Location
- Region: Rifle
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $604,970
- Annual tax amount: $3,090
- Date on market: 7/15/2025
- Listing terms: New Loan,Cash
- Inclusions: Oven, Refrigerator, Dishwasher
- Electric utility on property: Yes
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