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  • $525,000

    240 S Madison Street, Cortez, CO 81321

    11beds
    3,724sqft
    Quadruplex
    Built in 1994
    -- sqft lot
    $524,800 Zestimate®
    $141/sqft
    $1,563 Estimated rent

    Owner options

    List your home for rent

    $1,563/mo

    Rent Zestimate®

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    $1,563/mo

    Rent Zestimate®

    Refinance and save

    $2,894/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

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    $2,894/mo

    Est. payment

    What's special

    Incredible investment opportunity right in the heart of Cortez. This 4-plex has been well maintained and managed and has provided excellent cash-flow for many years. Don't miss out on this turn-key operation!

    Zillow last checked: 7 hours ago

    Listing updated: September 30, 2025 at 12:15pm

    Listed by:

    Cody Wells 970-560-2596,

    Xtrov

    Bought with:

    Logan Austin, FA100065385

    Keller Williams Realty Southwest Associates, LLC

    Source: CREN,MLS#: 823953MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 7
    • Full bathrooms: 7
    Interior area
    • Total structure area: 3,724
    • Total interior livable area: 3,724 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: 2-10 Total Spaces, Garage, Off Street, Paved, Attached Garage
    • Attached garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 1 Acres
    Details
    • Parcel number: 561126448006
    • Zoning description: Residential Multi Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1994

    Utilities & green energy

    • Sewer: City Sewer
    • Water: City Water

    Community & neighborhood

    Location
    • Region: Cortez
    • Subdivision: Madison and Third TH