Sold cren member

$315,000

125 N Madison Street, Cortez, CO 81321

4beds

1,872sqft

Duplex

Built in 1992

-- sqft lot

$316,200 Zestimate^®

$168/sqft

$1,455 Estimated rent

Home value

$316,200

Estimated sales range

Not available

$1,455/mo

Zestimate^® history

Owner options

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$1,455/mo

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$1,455/mo

Rent Zestimate^®

Refinance and save

$1,782/mo

Est. payment

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$1,782/mo

Est. payment

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What's special

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!!

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: On Street, In Rear of Building
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1

Lot

Size: 6,534 sqft

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 & neighborhood

Location

Region: Cortez
Subdivision: F R Coffins Addition

HOA & financial

Other financial information

Total actual rent: 1900

Other

Other facts

Listing terms: 1031 Exchange,Cash,Conventional

Price history

Date	Event	Price
12/30/2025	Sold	$315,000+5%$168/sqft
Source: CREN #830325 Report a problem
12/17/2025	Pending sale	$300,000$160/sqft
Source: CREN #830325 Report a problem
12/17/2025	Listing removed	$300,000$160/sqft
Source: CREN #830325 Report a problem
12/9/2025	Listed for sale	$300,000$160/sqft
Source: CREN #830325 Report a problem