1221 & 1221 1/2 S 3rd Street, Montrose, CO 81401
Local realty services provided by:CENTURY 21 CapRock Real Estate
1221 & 1221 1/2 S 3rd Street,Montrose, CO 81401
$649,900
- 4 Beds
- 3 Baths
- 2,474 sq. ft.
- Single family
- New
Listed by: jennifer johnson
Office: nexthome virtual970-258-9300
MLS#:839245
Source:CO_CREN
Price summary
- Price:$649,900
- Price per sq. ft.:$262.69
About this home
Two residences, three city lots, and an incredible location in the heart of Montrose! This unique property offers flexibility, income potential, and plenty of space; all within walking distance of Main Street, local restaurants and amenities. The main home features 1,817 square feet with 3 bedrooms and 2 bathrooms, while the separate 657 square-foot ADU offers its own bedroom, bathroom, living room, kitchen, and dining area. Together, the two residences provide a total of 2,474 square feet of living space. The detached guest house has a strong short term rental history, creating an excellent opportunity for an investor, 1031 exchange buyer, or owner-occupant looking to offset expenses with rental income. It also offers an ideal setup for multigenerational living, extended family, guests, or a private space for an adult child. Situated on three city lots, the property has seen numerous recent improvements, including a new roof in 2022, refrigerator and washer/dryer in 2023, and substantial exterior updates in 2026. Those updates include fresh exterior paint, a new sprinkler system, new grass, and an impressive 420-square-foot redwood deck, perfect for outdoor dining, entertaining, or relaxing. Location adds even more value: just two blocks from the hospital, approximately 0.8 miles from the golf course, and close enough to walk to downtown Montrose and enjoy Main Street restaurants, shopping, and community events. Whether you’re looking for a primary residence with a separate guest house, a multigenerational property, or an investment with established rental potential, this property offers a combination of space, versatility, and location that is hard to find in Montrose....
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Home facts
- Year built:1912
- Subdivision & Development:Other
- Listing ID #:839245
- Added:1 day(s) ago
- Updated:September 22, 2026 at 04:46 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet-Partial, Hardwood
- Dining Description:Separate Dining
- Kitchen Description:Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Bedroom Description:On Main Level
- Living area:2,474 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooler
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1912
- Building area:2,474 sq. ft.
- Lot area:0.21 Acres
- Architectural Style:Contemporary
- Exterior Features:Shed/Storage
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Montrose 9-12
- Middle school:Centennial 6-8
- Elementary school:Johnson K-5
Finances and disclosures
- Price:$649,900
- Price per sq. ft.:$262.69
- Tax amount:$2,793
Features and amenities
- Amenities:Gas Water Heater, Unfurnished
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