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147 E Main #147 Main , 18 N Selig , 26 N selig A,B C, Montrose, CO 81401

Montrose
Local realty services provided by:CENTURY 21 CapRock Real Estate
147 E Main #147 Main , 18 N Selig , 26 N selig A,B C,Montrose, CO 81401
$1,351,750
  • - Beds
  • 9 Baths
  • 7,314 sq. ft.
  • Multi-family
  • Active
Listed by: scott elkins, mark simpson
Office: telluride realty, llc.
MLS#:827434
Source:CO_CREN

Price summary

  • Price:$1,351,750
  • Price per sq. ft.:$184.82

About this home

$122,000+ of NET income yearly!!! This is a 6 unit multi family parcel, 2 stories with 2 decks and a rooftop patio. Great rental History with short and long term. 8.8%CAP rate (w/all expenses except Mngt) 177k++ of Gross income 2024 7.8% true CAP rate 14 bedroom/10 bath, 6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. **long term /normal MF income would be ~11,000+a month easily if long vs STR = $133,000 with less management/expenses. Over 7,300+ feet plus 2 covered decks, 6 Total Apartments, fully furnished with great rental history and many repeat visitors. Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns. No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks. If you long termed it, Tenants can pay electric...

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Home facts

  • Year built:1960
  • Listing ID #:827434
  • Added:299 day(s) ago
  • Updated:June 03, 2026 at 02:14 PM

Rooms and interior

  • Total bathrooms:9
  • Full bathrooms:9
  • Living area:7,314 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:7,314 sq. ft.
  • Lot area:0.14 Acres

Schools

  • High school:Montrose 9-12
  • Middle school:Centennial 6-8
  • Elementary school:Pomona K-5

Finances and disclosures

  • Price:$1,351,750
  • Price per sq. ft.:$184.82
  • Tax amount:$3,100

Features and amenities

  • Amenities:Partially Furnished
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