DUPLEX, Opportunity knocks with income property in Cortez. Two units with each containing 2-Bedrooms, 2-baths (duplex) in the heart of Cortez located 2 properties off of Montezuma Ave. Each unit has a small private courtyard as well as convenient grilling area. Large graveled parking area on the west side of duplex unit with convenient alley access. Gross monthly income of $1,900 a month with the tenants paying electricity and natural gas. Monthly expenses to the owner are water & trash $115-125; Sewer, $100. Insurance $86; Taxes $75. Very conveniently located centrally in town with the Recreation Center, Supermarkets, Library and 3 City parks within blocks of this location. Excellent rental income history with long term tenants. This could be an income opportunity and/or live in one unit and collect rental income on the other unit. Its a win win situation!!
New
$300,000
125 N Madison, Cortez, CO 81321
4beds
1,872sqft
Est.:
Duplex
Built in 1992
-- sqft lot
$-- Zestimate®
$160/sqft
$-- HOA
What's special
Small private courtyardLarge graveled parking areaConvenient alley accessConvenient grilling area
- 1 day |
- 310 |
- 26 |
Zillow last checked: 8 hours ago
Listing updated: December 09, 2025 at 12:29pm
Listed by:
Scott Wallace 970-749-7992,
4 Corners Properties, Inc.,
Sharon Wallace,
4 Corners Properties, Inc.
Source: CREN,MLS#: 830325
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
Features
- Flooring: Carpet, Linoleum
Interior area
- Total structure area: 1,872
- Total interior livable area: 1,872 sqft
- Finished area above ground: 1,872
Property
Parking
- Parking features: In Rear of Building, On Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 561126117009
- Zoning description: Residential Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Water: City Water
- Utilities for property: Metered for Electricity, Metered for Gas
Community & HOA
Community
- Subdivision: F R Coffins Addition
HOA
- Has HOA: No
Location
- Region: Cortez
Financial & listing details
- Price per square foot: $160/sqft
- Annual tax amount: $885
- Date on market: 12/9/2025
- Listing terms: 1031 Exchange,Cash,Conventional
- Total actual rent: 1900
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Listed for sale | $300,000$160/sqft |
Source:  CREN #830325 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$1,638/mo
Principal & interest
$1458
Home insurance
$105
Property taxes
$75
Climate risks
Neighborhood: 81321
Nearby schools
GreatSchools rating
- 5/10Kemper Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Cortez Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Montezuma-Cortez High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Kemper K-5
- Middle: Cortez 6-8
- High: Montezuma-Cortez 9-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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