Description
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!
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0BEDS
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0.25ACRES
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6BATHS
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01/2 BATHS
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5,069SQFT
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$365$/SQFT
School Information
Description
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!
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This data was last updated: 2025-11-16T23:56:21.653.