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    470 Burns Ave Ignacio, CO 81137

    For Sale
    $715,000

    Apartment Bldg., Other - Ignacio, CO

    Property size:
    5,760 SF
    Lot size:
    0.44 Acres
    Days on Market:
    58
    Last Refresh:
    Dec 6 at 6:06 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

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

    Listing agent Phil Schoon (970) 247-3840

    Listing date Oct 10, 2025

    MLS# 829165 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

    Income-Producing Apartment Building in Ignacio

    Located in Ignacio, Colorado, just 20 minutes south of Durango, the property at 470 Burns Ave. is a multi-family, income-producing apartment building. The property features six units, each with two bedrooms and one and a half bathrooms, spanning 960 square feet. Centrally located in Ignacio, the apartments are within walking distance of schools, a grocery store, restaurants, and other amenities. The property is situated on a lot of 0.44 acres. The total building size is 5760 square feet. Ignacio is the headquarters of the Southern Ute Indian Tribe, which is the largest employer in La Plata County. The property offers affordable housing solutions for locals and their families. Operating at nearly 100% occupancy throughout the year, 470 Burns Ave. presents a stable investment opportunity. The property offers an approximately 8% cap rate.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Wholesale Shop Pharmacy Gym & Fitness Department Store HVAC Service Restaurant Electrical Service Women's 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

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    FAQs

    What type of property is this?
    Apartment building - Stable, fully occupied apartment building near schools and amenities in Ignacio, CO.
    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 $715,000.
    What are key features of this property?
    This property features: - Stable, income-producing multi-family property with an approximately 8% cap rate.; - Consistently high occupancy rate (nearly 100%) year-round.; - Six units, each with two bedrooms and one and a half baths, and 960 SF.
    (970) 247-3840
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    Ignacio, CO 81137
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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
    470 Burns Ave Ignacio, CO 81137
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