Remodeled 27-Unit Apartment
For Sale
$3,895,000
350 E 8th Ave, Durango, CO 81301
Remodeled multifamily property with a new roof and electrical upgrades near downtown Durango.
Property Size9,350 SF
Price / SF$416.58
Days on Market42
Property Features for 350 E 8th Ave
General Information
Standard status
Active
Size
9,350 SF
Property subtype
Residential Income
Additional Details
Cap Rate
6%
Multifamily Units
27
Listing Agency:
eXp Realty, LLC
(970) 759-4930
Listed By:
Garth Schultheis
(970) 759-4930
Source:
Exprealty
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 7:11PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 27-unit apartment complex occupies a 9,350-square-foot property in Durango. Originally designated for hotel or motel use, the asset has transitioned over time to longer-term residential rentals. Since acquiring the property in 2022, ownership has completed extensive remodeling and repairs, installed a new roof, and made significant electrical upgrades.
The property is located at 350 E 8th Ave, with convenient access to downtown Durango, shops, restaurants, Fort Lewis College, Horse Gulch mountain biking, and nearby hiking trails. The offering is presented at a 6 cap, providing a clearly defined investment metric for prospective buyers.
The property is located at 350 E 8th Ave, with convenient access to downtown Durango, shops, restaurants, Fort Lewis College, Horse Gulch mountain biking, and nearby hiking trails. The offering is presented at a 6 cap, providing a clearly defined investment metric for prospective buyers.
Key Highlights
- 27‑unit apartment complex in Durango
- 9,350‑square‑foot property
- Converted from original hotel/motel designation to longer‑term rentals
Property Analytics
Property Profile
Current Use
Lease Details
27
Residential units
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
Explore this area
Business Placement
Demographics for 81301, CO
30,760
Population
16,548
Households
1.9
Avg Household Size
40
Median Age
58%
College-Educated
98%
High-School Grad
755.4 sq mi
ZIP Area
41
Density / Sq Mi
$83,209
Median Household Income
$41,777
Median Earnings
$1,433
Median Rent
$634,900
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 - Remodeled multifamily property with a new roof and electrical upgrades near downtown Durango.
Where is this apartment building located?
The property is located at 350 E 8th Ave Durango, CO.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: 27‑unit apartment complex in Durango; 9,350‑square‑foot property; Converted from original hotel/motel designation to longer‑term rentals
