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    12 E Star Ct, Unit TBD Montrose, CO 81401

    For Sale
    $255,000

    Multi-Family - Montrose, CO

    Type:Multi Family
    Lot size:
    0.94 Acres
    Days on Market:
    232
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 12 E Star Ct

    General Information

    Property type
    Land
    Property subtype
    Multi Family
    Standard status
    Active
    Lot size
    0.94 Acres

    Building Details

    Architectural style
    Other

    NextHome Virtual (970) 258-9300 [email protected]

    Listing agent Jessamy Pressler (970) 258-9300

    Listing date Apr 27, 2025

    MLS# 823270 Listing URL

    Copyright © 2025 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montrose Multifamily Development Opportunity

    This 0.94-acre parcel, zoned R-4, supports high-density residential use, including multifamily and townhome construction. The lot is situated in a peaceful neighborhood just outside of downtown Montrose, Colorado, offering a combination of density and beauty. The terrain is gently sloped with view potential. The location provides convenient access to major amenities. This property is suitable for both build-and-sell or hold-and-rent strategies.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.859426
    Latitude
    38.48097

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    FAQs

    What type of property is this?
    Residential land & home lot - Development parcel zoned R-4 for multifamily and townhome construction.
    Where is this residential land & home lot located?
    The property is located at 12 E Star Ct, Unit TBD Montrose, CO.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - R-4 zoning supports multi-family and townhome construction, allowing for high-density residential development.; - Stunning surroundings in all directions offer exceptional views and aesthetic appeal.; - Quiet location provides a peaceful setting while remaining close to major conveniences.
    (970) 258-9300
    Request Owner's contact information
    12 E Star Ct, Unit TBD Montrose, CO 81401
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    Montrose, CO 81401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 E Star Ct, Unit TBD Montrose, CO 81401
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