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    2091 Locust Rd Montrose, CO 81401

    For Sale
    $1,200,000

    Fourplex - Montrose, CO

    Property size:
    4,903 SF
    Lot size:
    2.54 Acres
    Days on Market:
    93
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 2091 Locust Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    4,903 SF
    Lot size
    2.54 Acres

    Building Details

    Year built
    1932
    Architectural style
    Other

    Keller Williams Realty Southwest Associates (970) 247-3840 [email protected]

    Listing agent Colleen Aller (970) 596-0870

    Listing date Sep 5, 2025

    MLS# 828244 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 Fourplex: Investment Opportunity

    Located in Montrose, Colorado, this fourplex presents a multifamily investment opportunity. The property is zoned R-4 High Density Residential, offering flexibility for various multifamily uses and potential long-term development. The property features multiple rental units with established tenancy, providing immediate cash flow. Each unit includes private entrances, functional floorplans, and off-street parking. The location provides convenient access to downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services. Nearby parks, walking trails, and the Uncompahgre River corridor offer outdoor recreation opportunities. Montrose attracts new residents seeking quality of life, affordability, and year-round recreation. The property is positioned for long-term growth, given the increasing population and housing needs. The R-4 zoning allows for potential additional units, redevelopment, or expansion, subject to city approval. The property offers a chance to secure an asset with current income and future growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8555998
    Latitude
    38.4927816

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex in Montrose, Colorado, with long-term development potential.
    Where is this quadplex located?
    The property is located at 2091 Locust Rd Montrose, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - R-4 High Density Residential zoning allows for flexible multifamily uses.; - Multiple rental units with established tenancy provide immediate and stable cash flow.; - Prime location near downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services.
    (970) 596-0870
    Request Owner's contact information
    2091 Locust Rd 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
    2091 Locust Rd Montrose, CO 81401
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