Residential Income · Active
Durango, CO 81303
5 Baths · 3,556 Sq Ft
$1,295,000
Multi Family
Property Type
1.8 acres
Lot Size
1973
Year Built
$364
Price per Sq Ft
839488
MLS #
About This Property
Exceptional multi-unit investment opportunity in Durango’s growing Grandview area! Situated on nearly 2 acres just minutes from Mercy Hospital and Three Springs, this fully rented fiveplex offers an established rental property with recent improvements throughout and an excellent location within one of La Plata County’s active development corridors. All five units have now been improved, with three units fully remodeled and the remaining two thoughtfully updated. The five residences are divided between two buildings, with two units in one structure and three in the other.
The unit mix includes one 2-bedroom, 1-bath residence and four 1-bedroom, 1-bath residences, providing desirable smaller-footprint housing and a diversified rental configuration for an investor. The elevated property enjoys exceptional mountain views and nearly two acres of land, creating a surprisingly spacious setting while remaining convenient to Durango and nearby services. With all five units currently rented, improvements completed throughout the property, and continued residential and commercial activity in the surrounding Grandview and Three Springs areas, this is a unique opportunity to acquire an established multi-unit investment property in an evolving part of the Durango market.
20 days on market
Listed by Makala Jewell & Jon Tyler Frakes · EXIT Realty Home & Ranch · 970-247-3948
Property Details
| Property Type | Residential Income |
| Sub Type | Multi Family |
| Status | Active |
| Price per Sq Ft | $364 |
| Subdivision | Other |
| MLS # | 839488 |
| Days on Market | 20 |
| Full Baths | 5 |
| Year Built | 1973 |
| Lot Size (Sq Ft) | 78,408 |
| Acres | 1.8 |
| Annual Taxes | $3 |
| Tax Year | 2026 |
| State | CO |
| County | La Plata |
| Garage | No |
| New Construction | No |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 10/1/2026 |
Listed for sale Source: Colorado Real Estate Network (CREN) #839488 |
$1,295,000 $364/sqft |
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