Two-Story Duplex with Leased Upstairs
For Sale
$725,000
562 E 1st Street, Durango, CO 81301
MULTI_FAMILY - Durango, CO
Property Size1,972 SF
Lot Size0.19 Acres
Price / SF$367.65
Days on Market31
Property Features for 562 E 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
From College Drive, turn south onto E 6th Avenue, go all the way to the end and turn right on 1st Street, property is on the left (south) side of 1st Street.
Standard status
Active
Size
1,972 SF
Lot size
0.19 Acres
Amenities
wood and tile flooring
low maintenance metal roof
two storage sheds
enclosed back porch
fenced backyard
Building Details
Year built
1931
Listing Agency:
Wells Group Real Estate
(970) 259-6680
Listed By:
Christine Serwe
(970) 749-9014
Added: Jul 13
Changed: Aug 1
Last Checked: Aug 12 at 9:06AM
MLS# 830228
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Investment Insights
Based on property information with market context.
This two-story duplex is currently configured as two units. The larger downstairs unit includes two bedrooms, an office, one full bathroom, and an open living/dining area that adjoins the large kitchen. A bedroom sits at the front of the unit, while the second bedroom and office are in the back, with an enclosed back porch for storage and access to a huge fenced backyard.
The upstairs unit features a separate fenced side entrance and a staircase leading up to a two-bedroom, one-bath apartment. The upstairs unit is currently leased. Both units have wood and tile flooring, and the property has a low-maintenance metal roof plus two storage sheds.
Set on a 0.19-acre lot and built in 1931, the property borders the Parkside Terrace townhomes. There is room to add off-street parking, with potential to add an additional unit or two, subject to City of Durango guidelines and approval.
The upstairs unit features a separate fenced side entrance and a staircase leading up to a two-bedroom, one-bath apartment. The upstairs unit is currently leased. Both units have wood and tile flooring, and the property has a low-maintenance metal roof plus two storage sheds.
Set on a 0.19-acre lot and built in 1931, the property borders the Parkside Terrace townhomes. There is room to add off-street parking, with potential to add an additional unit or two, subject to City of Durango guidelines and approval.
Key Highlights
- Two‑unit duplex with larger downstairs 1268 SF unit and smaller 704 SF upstairs unit
- Upstairs unit is currently leased with separate fenced side entrance and staircase
- Two bedrooms plus office and one full bath downstairs; two‑bedroom, one‑bath upstairs
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 81301, CO
30,760
Population
16,548
Households
1.9
Avg Household Size
40
Median Age
58%
College-Educated
98%
High-School Grad
755.4 sq mi
ZIP Area
41
Density / Sq Mi
$83,209
Median Household Income
$41,777
Median Earnings
$1,433
Median Rent
$634,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with a leased upstairs apartment, wood and tile floors, and a low-maintenance metal roof on 0.19 acres.
Where is this duplex located?
The property is located at 562 E 1st Street Durango, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑unit duplex with larger downstairs 1268 SF unit and smaller 704 SF upstairs unit; Upstairs unit is currently leased with separate fenced side entrance and staircase; Two bedrooms plus office and one full bath downstairs; two‑bedroom, one‑bath upstairs
