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Historic Duplex with Detached ADU
For Sale
$775,000

543 S 5th Street, Montrose, CO 81401

COMMERCIAL, Montrose, CO

Property Size3,779 SF
Lot Size0.14 Acres
Price / SF$205.08
Days on Market23

Property Features for 543 S 5th Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 5
Full bathrooms 2
Half bathrooms 1
Rooms Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
Directions From Main and Townsend, travel South on Townsend, Left onto 5th Street. Property is on the left. Sign on property.
Standard status Active
Size 3,779 SF
Lot size 0.14 Acres

Amenities

fire pit
greenhouse
back deck

Building Details

Year built 1900
Listing Agency: NextHome Virtual
Listed By: Kerri Noonan-Inda · License #FA100041175,PersonLicenseNumber
Added: Aug 10 Changed: Aug 19 Last Checked: Sep 1 at 8:06AM
MLS# 837948

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.

Investment Insights

Based on property information with market context.

Built in 1900, this 3,779-square-foot duplex property pairs a historic brick exterior with a main residence and detached accessory dwelling unit. The primary home includes three bedrooms, multiple living areas, original Douglas fir millwork, exposed brick, leaded-glass windows, a formal dining room, and a kitchen equipped with a gas range, built-in refrigerator, dishwasher, island, and beverage fridge. Its finished basement measures just above 1,000 square feet and has a separate entry, living space, flexible sleeping areas, and a 3/4 bath.

The detached ADU contributes approximately 400 square feet on the main level plus an upper loft, with a kitchen, bathroom, living area, and bunk room. Exterior features include a back deck, yard, fire pit, greenhouse, original brick arch work, and a matching brick fence and gate. Set on 0.14 acres at 543 S 5th Street in downtown Montrose, the property offers an existing multi-space configuration with additional flexibility in the finished basement.

Key Highlights

  • 3,779 square feet on a 0.14‑acre downtown Montrose property
  • Built in 1900 with original brick arch work, fence, and gate
  • Main residence includes three bedrooms and a finished basement just above 1,000 square feet

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,699
Businesses Nearby

Demographics for 81401, CO

23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Downtown property combines original architectural details, flexible living areas, a finished basement, and a separate accessory dwelling unit.
Where is this duplex located?
The property is located at 543 S 5th Street Montrose, CO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,779 square feet on a 0.14‑acre downtown Montrose property; Built in 1900 with original brick arch work, fence, and gate; Main residence includes three bedrooms and a finished basement just above 1,000 square feet
More about this property
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