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470 Burns Ave. Ignacio, CO 81137

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For Sale
$689,000

Apartment Bldg., Other - Ignacio, CO

Property size:
5,760 SF
Lot size:
0.44 Acres
Price / SF:
$119/SF
Added:
Mar 23, 2026
Days on Market:
30
Last Refresh:
Apr 21 at 8:06 pm

Property Features for 470 Burns Ave.

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
5,760 SF
Lot size
0.44 Acres

Building Details

Year built
1973
Architectural style
Other

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Listing Contact
Phil Schoon

Listing agent Phil Schoon

Listing office Keller Williams Realty Southwest Associates, LLC 700 Main Av, Durango, CO

Listing date Mar 23, 2026

MLS# 829165 Listing URL

Copyright © 2026 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

Stable Ignacio Apartment Investment

Located in Ignacio, Colorado, just 20 minutes south of Durango, the property at 470 Burns Ave. is a multifamily, income-producing property. The building contains six units, each featuring two bedrooms and one and one-half baths within 960 square feet. The total building size is 5760 square feet, situated on a 0.44-acre lot. The property is centrally located in Ignacio, within walking distance of schools, a grocery store, and restaurants. Ignacio is the headquarters of the Southern Ute Indian Tribe, the largest employer in La Plata County. The property offers affordable housing solutions for locals and their families. Operating at nearly 100% occupancy, 12 months out of the year, 470 Burns Ave. is a stable investment opportunity.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Big Box & Wholesale Store Pharmacy Gym & Fitness Center Department Store HVAC Service Restaurant Electrical Service Clothing & Fashion Store Hotel & Motel Auto Parts Store

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

Location Insight

  • Map
  • Local Demand
City
Ignacio
County
La Plata
State
Colorado
Longitude
-107.65
Latitude
37.0891

FAQs

What type of property is this?
Apartment building - Income-producing multifamily property near schools, grocery, and restaurants.
Where is this apartment building located?
The property is located at 470 Burns Ave. Ignacio, CO.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Stable, income‑producing multi‑family property with a nearly **6.6% cap rate**.; Six, two‑bedroom, one and one‑half bath units, each 960 SF.; Consistent high occupancy rate (nearly 100%) year‑round.
More about this property
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