RARE MULTIFAMILY INVESTMENT OPPORTUNITY IN CORTEZ CO! This 4-plex plus an additional ADU is located on a fantastic street in downtown Cortez. The 4-plex generates strong cash flow and is easy to keep rented. The new owner could create a ton of value by potentially redeveloping the back ADU into more units. Each unit is 1bd 1ba. Unit 1 was left vacant to allow for showings. Do not miss this prime multi family investment opportunity! Call me today for a showing!
Active
$379,000
307 W Montezuma, Cortez, CO 81321
--beds
2,734sqft
Est.:
Apartment
Built in 1948
-- sqft lot
$372,000 Zestimate®
$139/sqft
$-- HOA
What's special
Fantastic street
- 79 days
- on Zillow |
- 313 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 12:38am
Listed by:
Gina Buchanan 970-799-2133,
The Wells Group of Durango, LLC
Source: CREN,MLS#: 821002

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
- Full bathrooms: 5
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Laminate
- Basement: Crawl Space
Interior area
- Total structure area: 2,734
- Total interior livable area: 2,734 sqft
Property
Parking
- Total spaces: 5
- Parking features: 1 per unit, In Rear of Building, Off Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,098.4 Square Feet
Details
- Parcel number: 561126237003
- Zoning description: Live/Work,Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Stucco
- Roof: Composition
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: City Sewer
- Water: City Water
- Utilities for property: Metered for Electricity
Community & HOA
Community
- Subdivision: Cortez Original
HOA
- Has HOA: No
Location
- Region: Cortez
Financial & listing details
- Price per square foot: $139/sqft
- Annual tax amount: $1,179
- Date on market: 2/6/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
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