Offered at $1,850,000 with a 6% cap rate, this is a rare opportunity to own a six-unit multi-family investment property in the heart of downtown Durango. The property consists of a Victorian main home (built in 1895) featuring two apartments and a full 1300 SF basement plus a detached 4-plex (built in 1992) with a three-car garage and community laundry room. Each unit offers on-site parking, with a total of 7 dedicated parking spaces for tenant convenience. The property will bring in $11,100 in monthly income including rent from the 3 car garage and has benefited from recent capital improvements, including a new roof on the four-flex, HVAC systems, gas lines, and sewer updates. With MU-N mixed-use zoning and an unbeatable downtown location close to shops, restaurants, and public transit, this investment offers strong rental performance and excellent long-term flexibility. Perfect for a 1031 exchange or investor looking for an optimally located building. Zoning is MU-N Mixed Use. Per the City Planning Department, a business may be operated out of the property. Buyer to confirm requirements with the City. This is also in the Opportunity Zone. The parcel is a large double lot - hard to find in Durango!
Uc/contingent/call lb
$1,850,000
610 E 3rd Avenue, Durango, CO 81301
9beds
5,069sqft
Est.:
Sixplex
Built in 1895
-- sqft lot
$-- Zestimate®
$365/sqft
$-- HOA
What's special
Community laundry roomTwo apartmentsOn-site parkingLarge double lotThree-car garageHvac systems
- 50 days |
- 643 |
- 20 |
Zillow last checked: 8 hours ago
Listing updated: December 06, 2025 at 10:20am
Listed by:
Katie Sturm 970-799-3975,
Legacy Properties West Sotheby's Int. Realty
Source: CREN,MLS#: 829388
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- 3/4 bathrooms: 6
Appliances
- Included: Dryer, Range, Refrigerator, Washer
Features
- Flooring: Carpet, Laminate, Tile
- Has basement: Yes
Interior area
- Total structure area: 5,069
- Total interior livable area: 5,069 sqft
- Finished area below ground: 1,300
Property
Parking
- Total spaces: 7
- Parking features: 2-10 Total Spaces, Paved, Attached Garage
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Mountain(s)
- Frontage type: 3rd Ave "boulevard"
- Frontage length: 150'+ Frontage
Lot
- Size: 0.25 Acres
- Features: Corner Lot
Details
- Parcel number: 566529303011
- Zoning description: Residential Multi Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Sixplex
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1895
- Major remodel year: 2022
Utilities & green energy
- Water: City Water
- Utilities for property: Metered for Electricity, Metered for Gas, Metered for Water
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Durango
- Elevation: 6415
Financial & listing details
- Price per square foot: $365/sqft
- Tax assessed value: $1,102,370
- Annual tax amount: $3,533
- Date on market: 10/22/2025
- Listing terms: 1031 Exchange,Cash,Conventional
- Total actual rent: 10400
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,014/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2025 | Contingent | $1,850,000$365/sqft |
Source:  CREN #829388 Report a problem | ||
| 10/22/2025 | Listed for sale | $1,850,000-17.6%$365/sqft |
Source: CREN #829388 Report a problem | ||
| 10/10/2025 | Listing removed | $2,245,000$443/sqft |
Source: CREN #826671 Report a problem | ||
| 9/17/2025 | Price change | $2,245,000-6.3%$443/sqft |
Source: CREN #826671 Report a problem | ||
| 7/18/2025 | Listed for sale | $2,395,000+112.9%$472/sqft |
Source: CREN #826671 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,340 +17.5% | $68,900 -8.7% |
| 2024 | $2,841 +5.2% | $75,490 |
| 2023 | $2,702 -1.8% | $75,490 +13.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,331/mo
Principal & interest
$9282
Home insurance
$648
Property taxes
$401
Climate risks
Neighborhood: 81301
Nearby schools
GreatSchools rating
- 7/10Park Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Escalante Middle SchoolGrades: 6-8Distance: 3.1 mi
- 9/10Durango High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Park K-5
- Middle: Miller 6-8
- High: Durango 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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