Residential Income · Active

562 E 1st

Durango, CO 81301

2 Baths · 1,972 Sq Ft

$725,000

Duplex

Property Type

0.19 acres

Lot Size

1931

Year Built

$368

Price per Sq Ft

830228

MLS #

About This Property

Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs. Downstairs there are 2 bedrooms, an office and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other bedroom and office in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard.

Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom, 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval.

The property borders the Parkside Terrace townhomes, and the upstairs unit is currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.

324 days on market

Listed by Christine Serwe & Stuart S Way · Wells Group Real Estate · 970-259-6680

Last updated: 7/13/2026 2:40 PM · Source: Colorado Real Estate Network (CREN), MLS#: 830228

Property Details

Key Details

Property Type Residential Income
Sub Type Duplex
Status Active
Price per Sq Ft $368
Subdivision Other
MLS # 830228
Days on Market 324
Full Baths 2

More Details

Year Built 1931
Lot Size (Sq Ft) 8,276
Acres 0.19
Annual Taxes $2
Tax Year 2025
State CO
County La Plata
Zoning Residential Multi Family

Interior

Flooring Carpet, Tile
Appliances Oven, Refrigerator

Exterior & Parking

Garage No
Parking Features On Street, Paved
Roof Metal

Building & Lot

New Construction No

Terms & Other

Listing Terms Cash, Conventional

Location

Price History

DateEventPrice
7/13/2026 Price change
Source: Colorado Real Estate Network (CREN) #830228
$725,000 -3.3% $368/sqft
4/7/2026 Price change
Source: Colorado Real Estate Network (CREN) #830228
$750,000 -3.8% $380/sqft
12/2/2025 Listed for sale
Source: Colorado Real Estate Network (CREN) #830228
$780,000 $396/sqft

SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

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Listing information last updated July 13, 2026 at 2:40 PM.

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