Land · Active
Montrose, CO 81401
0 Baths
$1,500,000
Multi Family
Property Type
10.3 acres
Lot Size
832082
MLS #
About This Property
Premier 10-acre multifamily development opportunity near historic downtown Montrose and popular amenities. This parcel was rezoned in 2023 to R-4 (24 units/acre) to help address Montrose’s acute housing shortage. R-4 is the city’s highest density residential zoning designation. With very few existing apartment buildings in Montrose and housing a top priority for city hall, this site positions a buyer to meet a genuine community need.
The site plan is complete for 190 units with full zoning analysis done and utilities stubbed. Water, sewer, and electrical infrastructure is ready to go, positioning the project for a streamlined approval process. Just down the road from the beloved Star Drive-In Theatre, one of Colorado’s few remaining drive-in’s, and Black Canyon Golf Course, an 18-hole municipal course and Montrose’s oldest. This location has all the ingredients for strong market demand and a successful lease-up.
232 days on market
Listed by Hoff & Leigh Western Slope, LLC · 970-210-1011
Property Details
| Property Type | Land |
| Sub Type | Multi Family |
| Status | Active |
| Subdivision | None |
| MLS # | 832082 |
| Days on Market | 232 |
| Lot Size (Sq Ft) | 448,668 |
| Acres | 10.3 |
| Annual Taxes | $22,595 |
| Tax Year | 2025 |
| State | CO |
| County | Montrose |
| Zoning | Residential Multi Family |
| Water Source | Tap Available |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 3/2/2026 |
Listed for sale Source: Colorado Real Estate Network (CREN) #832082 |
$1,500,000 |
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