Six-Unit Apartment Building with Rooftop
For Sale
$1,375,000
147 East Main Street Unit 6S, Montrose, CO 81401
Two-story apartment property with multiple outdoor areas, storage units, and B-1 zoning in a walkable downtown setting.
Property Size7,314 SF
Price / SF$187
Days on Market254
Property Features for 147 East Main Street Unit 6S
General Information
Standard status
Active
Size
7,314 SF
Property subtype
Commercial / Multi-Use w/Res
Zoning
B-1
Net Operating Income
$122,000
Financials
Gross Income
$177,000
Opportunity Zone
Yes
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x studio, 2 x 2BR/1BA, 1 x 3BR/2BA, 1 x 1BR/1BA, 1 x 5BR/4BA
Multifamily Units
6
Additional Details
Furnished
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$3,200
Amenities
decks
rooftop patio
storage units
building-wide fiber WiFi
0, 0, 0, 9.00
7314
Unfurnished
mixed
300
22
Building Details
Year Built
1960
Year Renovated
2019
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Telluride Realty, LLC
(970) 728-4000
Listed By:
Scott Elkins · License #FA40037480
Source:
Compass
Added: Dec 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Telluride Realty, LLC
Investment Insights
Based on property information with market context.
This two-story apartment building contains six units within 7,314 square feet, along with two covered decks and a rooftop patio. The property includes five additional storage units, with three located inside the lobby and two outdoors. Improvements include approximately 90% new plumbing, 90% new wiring, five new electric meters, two gas meters, numerous replacement windows, updated flooring, stone, barnwood, granite, and stainless appliances. A monitored fire suppression system is in place, and the property underwent a major remodel from 2017-19 followed by permitted upgrades in 2021.
Located at 147 East Main Street in Montrose, the corner property has street access on three sides and is within two blocks of coffee, grocery, bars, a distillery, coworking space, and food trucks. B-1 zoning supports the property’s existing apartment configuration and broader commercial setting. There is no HOA, and city parking is available in multiple nearby locations.
Located at 147 East Main Street in Montrose, the corner property has street access on three sides and is within two blocks of coffee, grocery, bars, a distillery, coworking space, and food trucks. B-1 zoning supports the property’s existing apartment configuration and broader commercial setting. There is no HOA, and city parking is available in multiple nearby locations.
Key Highlights
- Six apartment units in one 7,314‑square‑foot, two‑story building
- Two covered decks and a rooftop patio with accessible roof access
- B‑1 zoning, corner‑lot position, and street access on 3 sides
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story apartment property with multiple outdoor areas, storage units, and B-1 zoning in a walkable downtown setting.
Where is this apartment building located?
The property is located at 147 East Main Street Unit 6S Montrose, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Six apartment units in one 7,314‑square‑foot, two‑story building; Two covered decks and a rooftop patio with accessible roof access; B‑1 zoning, corner‑lot position, and street access on 3 sides
