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470 Burns Ave Ignacio, CO 81137

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Sponsored
For Sale
$700,000

Apartment Bldg., Other - Ignacio, CO

Property size:
5,760 SF
Lot size:
0.44 Acres
Days on Market:
24
Last Refresh:
Mar 7 at 4:06 am

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

Keller Williams Realty Southwest Associates (970) 247-3840

Listing agent Phil Schoon (970) 247-3840

Listing date Feb 12, 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.

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Property Insight Report

Overview

Stable Multi-Family Investment Opportunity

Located in Ignacio, Colorado, just 20 minutes south of Durango, this multi-family property at 470 Burns Ave. presents a stable, income-producing investment opportunity. The property features six units, each offering two bedrooms and one and one-half baths within a 960 square feet layout. Situated centrally in Ignacio, the apartment building is within walking distance of schools, a grocery store, restaurants, and other amenities. The property is positioned as an affordable housing solution for local residents and their families. With a history of nearly 100% occupancy throughout the year, 470 Burns Ave. offers a stable investment opportunity. The property is located in Ignacio, the headquarters of the Southern Ute Indian Tribe, which is the largest employer in La Plata County. The lot size is 0.44 acres and the total property size is 5760 square feet.
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 six-unit apartment building in Ignacio, Colorado.
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 $700,000.
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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