Multifamily Property with Private
For Sale
$1,099,000
2091 Locust Road, Montrose, CO 81401
MULTIFAMILY, Montrose, CO
Property Size4,903 SF
Lot Size2.54 Acres
Price / SF$224.15
Days on Market180
Property Features for 2091 Locust Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
From Main and Townsend: Go east on Main Street 1.7 miles and turn left on Locust Rd. just past Jimmer's. Travel 1.3 miles. The property is on the left just after you cross 6600 rd.
Standard status
Active
Size
4,903 SF
Lot size
2.54 Acres
Building Details
Year built
1932
Listing Agency:
Keller Williams Realty Southwest Associates, LLC - Montrose
(970) 596-0870
Listed By:
Colleen Aller · License #FA100097828
(970) 901-7018
Added: Feb 23
Changed: Aug 19
Last Checked: Aug 22 at 8:06PM
MLS# 828244
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Investment Insights
Based on property information with market context.
2091 Locust Road is a well-maintained multifamily property in Montrose featuring multiple rental units with established tenancy. The unit layout includes private entrances and functional floorplans designed for tenant privacy, with off-street parking available for day-to-day convenience. The property is set on a 2.54-acre lot and totals 4,903 square feet.
The home is located in a central Montrose setting, with access to downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services. Outdoor recreation options are also nearby, including parks, walking trails, and the Uncompahgre River corridor.
This property is positioned for buyers or operators seeking an R-4 High Density Residential asset. The City’s R-4 designation is described as the most flexible residential category and supports a wide range of multifamily uses, subject to city approval for any future redevelopment or expansion. With multiple units already in place and off-street parking on site, the configuration is well-suited to tenants who prioritize straightforward access and privacy.
The home is located in a central Montrose setting, with access to downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services. Outdoor recreation options are also nearby, including parks, walking trails, and the Uncompahgre River corridor.
This property is positioned for buyers or operators seeking an R-4 High Density Residential asset. The City’s R-4 designation is described as the most flexible residential category and supports a wide range of multifamily uses, subject to city approval for any future redevelopment or expansion. With multiple units already in place and off-street parking on site, the configuration is well-suited to tenants who prioritize straightforward access and privacy.
Key Highlights
- 1932‑built multifamily property in Montrose, CO, zoned R‑4 High Density Residential
- R‑4 zoning allows a wide range of multifamily uses and supports potential additional units, redevelopment, or expansion (subject to city approval)
- Multiple rental units with established tenancy for immediate cash flow
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
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?
Multifamily property - Multifamily in R-4 High Density Residential with multiple units, private entrances, and off-street parking.
Where is this multifamily property 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: 1932‑built multifamily property in Montrose, CO, zoned R‑4 High Density Residential; R‑4 zoning allows a wide range of multifamily uses and supports potential additional units, redevelopment, or expansion (subject to city approval); Multiple rental units with established tenancy for immediate cash flow
