Multifamily Property for Sale in Montrose, CO

  • Price: $1.1M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Montrose, CO 81401
  • Size: 4,903 SF
  • Year built: 1932

Description

Discover a rare multifamily investment opportunity in the heart of Montrose, Colorado.​ 2091 Locust Drive is a well-maintained property zoned R-4 High Density Residential, the city’s most flexible residential designation, which allows for a wide range of multifamily uses and provides significant long-term development potential.​ This property currently features multiple rental units with established tenancy, offering stable cash flow from day one.​ Each unit is thoughtfully designed with private entrances, functional floorplans, and the convenience of off-street parking.​ The layout supports tenant privacy and easy living while allowing for efficient management.​ With Montrose’s strong demand for rental housing, this asset is well -positioned to remain a consistent performer in an increasingly supply-constrained market.​ The location is one of the property’s strongest features.​ Tenants benefit from a central setting just minutes from downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services.​ Outdoor recreation is close at hand with nearby parks, walking trails, and the Uncompahgre River corridor.​ Residents enjoy a balance of small-town community lifestyle with easy access to world-class amenities in Telluride, Ouray, and the San Juan Mountains.​ For investors, Montrose represents one of Colorado’s most promising growth markets.​ The city continues to attract new residents seeking quality of life, affordability, and year-round recreation.​ Vacancy rates remain historically low, while demand for workforce and multifamily housing continues to rise.​ Zoned R4, 2091 Locust Drive not only offers immediate income but also the flexibility to pursue additional units, redevelopment, or expansion in the future, subject to city approval.​ Building SF: 4903 | Year Built: 1932 | Listing Type: FOR SALE

Market Context

This multifamily in Montrose, CO is listed for sale at $1,099,000 across 4,903 SF. The building dates to 1932. It has been on the market for 12 days. Compare it against other multifamily listings for sale in Montrose, CO — <a href="/search/sale/multifamily/colorado/montrose">view the full market</a>.

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