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Montrose Multifamily Investment Opportunity

2091 Locust Road, Montrose, CO 81401

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For Sale

$1,099,000

Multifamily property in Montrose, Colorado with long-term development potential.

Type:MULTIFAMILY / Fourplex

Property size:

4,903 SF

Price / SF:

$224/SF

HighLights

R‑4 High Density Residential zoning allows for flexible multifamily uses and future redevelopment/expansion.
Multiple units with established tenancy provide immediate and stable cash flow.
Prime location near downtown Montrose, Montrose Regional Airport, schools, and shopping.
Strong tenant demand and historically low vacancy rates in the Montrose market.
Each unit has private entrances and off‑street parking.
Montrose is a promising growth market with increasing population and housing needs.

We can help!

Listing Contact

Colleen Aller

Learn more

For Sale

$1,099,000

Multifamily property in Montrose, Colorado with long-term development potential.

Type:MULTIFAMILY / Fourplex

Property size:

4,903 SF

Price / SF:

$224/SF

Added:: Sep 5, 2025
Days on Market:: 281
Last Refresh:: Mar 13 at 4:36 pm

Property Features for 2091 Locust Road

General Information

Standard status: Active
Size: 4,903 SF
Property subtype: MULTIFAMILY / Fourplex

Building Details

Year Built: 1932

We can help!

Listing Contact

Colleen Aller

Listing agent Colleen Aller License #FA100097828

Listing office Norris-Snell Real Estate, LLC

Listing date Sep 5, 2025

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All listing content including descriptions, pricing, images are the copyrighted material of Norris-Snell Real Estate, LLC

HighLights

R‑4 High Density Residential zoning allows for flexible multifamily uses and future redevelopment/expansion.
Multiple units with established tenancy provide immediate and stable cash flow.
Prime location near downtown Montrose, Montrose Regional Airport, schools, and shopping.
Strong tenant demand and historically low vacancy rates in the Montrose market.
Each unit has private entrances and off‑street parking.
Montrose is a promising growth market with increasing population and housing needs.

Overview

Located in Montrose, Colorado, this multifamily property presents an investment opportunity. The property is zoned R-4 High Density Residential, which allows for a range of multifamily uses. The property includes multiple rental units with established tenancy, providing cash flow. Each unit features private entrances, functional floorplans, and off-street parking. The location provides access to downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services. Nearby are parks, walking trails, and the Uncompahgre River corridor. Montrose is experiencing growth, attracting new residents seeking quality of life, affordability, and year-round recreation. The property is positioned for additional units, redevelopment, or expansion in the future, subject to city approval. The property has a size of 4903 square feet.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Montrose
County: Montrose
State: Colorado
Longitude: -107.8555998
Latitude: 38.4927816

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For sale
Quadplexes
CO
Montrose
81401
2091 Locust Road

What type of property is this?

Quadplex - Multifamily property in Montrose, Colorado with long-term development potential.

Where is this quadplex located?

The property is located at 2091 Locust Road Montrose, CO.

What is the asking price?

The asking price for this property is $1,099,000.

What are key features of this property?

This property features: R‑4 High Density Residential zoning allows for flexible multifamily uses and future redevelopment/expansion.; Multiple units with established tenancy provide immediate and stable cash flow.; Prime location near downtown Montrose, Montrose Regional Airport, schools, and shopping.