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    562 E 1St St Durango, CO 81301

    New
    For Sale
    $850,000

    Duplex - Durango, CO

    Type:Duplex
    Property size:
    1,972 SF
    Lot size:
    0.19 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 562 E 1St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Size
    1,972 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    1931
    Architectural style
    Other

    The Wells Group of Durango, LLC (970) 259-6680 [email protected]

    Listing agent Christine Serwe (970) 259-6680

    Listing date Dec 2, 2025

    MLS# 830228 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

    Two-Unit Property in Downtown Durango

    This two-story property in downtown Durango presents an opportunity for investors or buyers seeking a large home. The current configuration includes two units: a larger 1268 square foot unit downstairs and a smaller 704 square foot unit upstairs. The downstairs unit features 2 bedrooms, an office, one full bath, a living room, a dining room, and a large kitchen. One bedroom is located off the living room, while the other bedroom and office are at the back of the house, opening to an enclosed back porch and a large fenced backyard. The upstairs unit, a cozy 2-bedroom, 1-bath apartment, has a separate fenced side entrance leading to the staircase. Both units feature wood and tile flooring. The property includes a low-maintenance metal roof and two storage sheds. There is potential to add off-street parking and additional units, subject to City of Durango guidelines and approval. Bordering the Parkside Terrace townhomes, the property is within walking distance of the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College. The upstairs unit is currently leased. The lot size is 0.19 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Dental Office Restaurant Hair Salon Nail Salon Daycare Center Spa & Massage Building Supply Auto Repair Shop Kitchen & Bath Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.8771345
    Latitude
    37.2632279

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with investment potential in downtown Durango, Colorado.
    Where is this duplex located?
    The property is located at 562 E 1St St Durango, CO.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Large 2-story home in downtown Durango on the grid.; - Configured as two units (1268 sf and 704 sf), offering immediate rental income potential.; - Potential to add off-street parking and additional units, subject to City of Durango approval.
    (970) 259-6680
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    562 E 1St St Durango, CO 81301
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    Durango, CO 81301
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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
    562 E 1St St Durango, CO 81301
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