Offered at $1,850,000 with a 6% cap rate, this is a rare opportunity to own a six-unit multi-family investment property in the heart of downtown Durango. The property consists of a Victorian main home (built in 1895) featuring two apartments and a detached 4-plex (built in 1992) with a three-car garage and community laundry room. Each unit offers on-site parking, with a total of seven dedicated parking spaces for tenant convenience. The property will bring in $11,100 in monthly income including rent from the 3 car garage and has benefited from recent capital improvements, including a new roof, HVAC systems, and sewer updates. With mixed-use zoning and an unbeatable downtown location close to shops, restaurants, and public transit, this investment offers strong rental performance and excellent long-term flexibility. Perfect for a 1031 exchange or investor looking for an optimally located building. The parcel is a large double lot - hard to find in Durango!
Active
$1,850,000
610 E 3rd Avenue, Durango, CO 81301
9beds
5,069sqft
Est.:
Sixplex
Built in 1895
-- sqft lot
$-- Zestimate®
$365/sqft
$-- HOA
What's special
Community laundry roomVictorian main homeTwo apartmentsOn-site parkingDedicated parking spacesLarge double lotThree-car garage
- 29 days |
- 1,332 |
- 40 |
- Loading
- Loading