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Victorian-Style Duplex
For Sale
$445,000

35 & 37 S Nevada Avenue, Montrose, CO 81401

COMMERCIAL, Montrose, CO

Property Size1,968 SF
Lot Size0.15 Acres
Price / SF$226.12
Days on Market69

Property Features for 35 & 37 S Nevada Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Rooms Bathroom 3, Bathroom 1, Bathroom 2
Directions From Main St and Townsend Ave. Head East on Main Street then right onto S Nevada Ave. Property is located on the left on the NE corner of So. 1st. & Nevada Ave.
Standard status Active
Size 1,968 SF
Lot size 0.15 Acres

Building Details

Year built 1900
Listing Agency: Keller Williams Realty Southwest Associates, LLC - Montrose
Listed By: Candi Amaya · License #6474
Added: Jul 13 Changed: Sep 18 Last Checked: Sep 19 at 5:06PM
MLS# 835290

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1900, this Victorian-style duplex contains two distinct units with separate layouts. The upper residence has 1 bedroom and 1 bathroom, while the lower unit includes 3 bedrooms and 1.5 bathrooms. Kitchens are arranged for efficient use, with laminate and carpet flooring and bathrooms equipped with walk-in showers and single vanities. The property requires updating and includes wood siding, a shingle roof, and a covered front porch.

Exterior improvements include a rear circular drive, off-street parking access, mature landscaping, and a storage shed. The property is positioned one block from Main Street in Historic Downtown Montrose, within walking distance of restaurants, nightlife, parks, schools, the hospital, medical offices, and local transit pickup sites. The lower level previously operated as a full-service hair salon, while the upper unit was used for residential tenancy.

Key Highlights

  • 1900‑built Victorian‑style duplex with two separate units
  • Upper unit includes 1 bedroom and 1 bathroom
  • Lower unit offers 3 bedrooms and 1.5 bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,585
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate units offer flexible residential, rental, or live-work use on a landscaped corner lot.
Where is this duplex located?
The property is located at 35 & 37 S Nevada Avenue Montrose, CO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1900‑built Victorian‑style duplex with two separate units; Upper unit includes 1 bedroom and 1 bathroom; Lower unit offers 3 bedrooms and 1.5 bathrooms
More about this property
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