Exceptional Multi-Unit Investment Property in Fast-Growing Grandview – Nearly 2 Acres with Mountain Views Discover a rare investment opportunity in the rapidly expanding Grandview area of Durango, Colorado. Situated on nearly 2 acres just minutes from Mercy Hospital and the popular Three Springs subdivision, this fiveplex property offers both immediate rental income and long-term growth potential in one of La Plata County’s most active development corridors. Enjoy exceptional mountain views from this elevated property, adding to its appeal for both residents and investors. The five units, two of which have been recently remodeled, are divided between two buildingsâ€â€two units in one structure and three in the other. Unit breakdown includes one 2-bedroom, 1-bathroom unit and four 1-bedroom, 1-bathroom units, catering perfectly to the area’s demand for quality, smaller-footprint housing. Utilities include a private water well, South Durango Sanitation sewer service, propane for heating, and electricity through LPEA. With new housing and commercial development springing up all around, this property is ideally positioned for the ever-increasing rental demand. Don’t miss this outstanding investment opportunity in one of Durango’s most strategic growth areas with breathtaking views.
For sale
Price cut: $111K (10/26)
$1,198,000
195 Silverview Ln #1-5, Durango, CO 81303
6beds
3,556sqft
Est.:
Other
Built in 1973
1.8 Acres Lot
$-- Zestimate®
$337/sqft
$-- HOA
What's special
Mountain viewsElevated propertyBreathtaking viewsTwo buildings
- 222 days |
- 150 |
- 2 |
Zillow last checked: 8 hours ago
Listed by:
Makala Jewell,
EXIT REALTY HOME & RANCH
Source: EXIT Realty broker feed,MLS#: 823550
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Features
- Basement:
- Has fireplace: No
Interior area
- Total structure area: 3,556
- Total interior livable area: 3,556 sqft
Video & virtual tour
Property
Lot
- Size: 1.8 Acres
Details
- Parcel number: 566911104006
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Other
Condition
- Year built: 1973
Community & HOA
Location
- Region: Durango
Financial & listing details
- Price per square foot: $337/sqft
- Date on market: 5/2/2025
- Lease term: Contact For Details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/26/2025 | Price change | $998,000-10%$281/sqft |
Source: | ||
| 9/12/2025 | Price change | $1,109,000-4.4%$312/sqft |
Source: | ||
| 8/16/2025 | Price change | $1,160,000-3.2%$326/sqft |
Source: | ||
| 7/23/2025 | Price change | $1,198,000-4.9%$337/sqft |
Source: | ||
| 7/17/2025 | Price change | $1,260,000-2.7%$354/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$6,690/mo
Principal & interest
$6011
Home insurance
$419
Property taxes
$260
Climate risks
Neighborhood: 81303
Nearby schools
GreatSchools rating
- 5/10Florida Mesa Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 6/10Escalante Middle SchoolGrades: 6-8Distance: 2.8 mi
- 9/10Durango High SchoolGrades: 9-12Distance: 5.6 mi
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