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7-Unit Apartment Building
New
For Sale
$1,300,000

832 N 2nd Street, Montrose, CO 81401

Apartment property with existing tenants and a manageable seven-unit configuration near downtown Montrose.

Property Size6,208 SF
Price / SF$209.41
Days on Market2

Property Features for 832 N 2nd Street

General Information

Standard status Active
Size 6,208 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 7

Building Details

Year Built 1971
Abandoned No
Listing Agency: Rocky Mountain Realty And Rentals
Listed By: Ryan Poppe
Source: Durangohomesforsale
Added: Sep 11 Last Checked: Sep 11 at 3:05PM

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 Rocky Mountain Realty And Rentals

Investment Insights

Based on property information with market context.

This 7-unit apartment property contains 6,208 square feet and was built in 1971. Existing tenants are in place, providing an established residential occupancy profile within a manageable multifamily asset.

The property is located at 832 N 2nd Street in Montrose, Colorado, with proximity to downtown Montrose and nearby amenities. Its seven-unit scale offers a straightforward apartment-building configuration for evaluating residential income operations.

Key Highlights

  • 7‑unit apartment property
  • 6,208 square feet of building area
  • Built in 1971

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center Parking Lot & Garage Locksmith Butcher (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,430
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with existing tenants and a manageable seven-unit configuration near downtown Montrose.
Where is this apartment building located?
The property is located at 832 N 2nd Street Montrose, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7‑unit apartment property; 6,208 square feet of building area; Built in 1971
More about this property
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