Exceptional multi-unit investment opportunity in Durango’s growing Grandview area! Situated on nearly 2 acres just minutes from Mercy Hospital and Three Springs, this fully rented fiveplex offers an established rental property with recent improvements throughout and an excellent location within one of La Plata County’s active development corridors. All five units have now been improved, with three units fully remodeled and the remaining two thoughtfully updated. The five residences are divided between two buildings, with two units in one structure and three in the other. The unit mix includes one 2-bedroom, 1-bath residence and four 1-bedroom, 1-bath residences, providing desirable smaller-footprint housing and a diversified rental configuration for an investor. The elevated property enjoys exceptional mountain views and nearly two acres of land, creating a surprisingly spacious setting while remaining convenient to Durango and nearby services. With all five units currently rented, improvements completed throughout the property, and continued residential and commercial activity in the surrounding Grandview and Three Springs areas, this is a unique opportunity to acquire an established multi-unit investment property in an evolving part of the Durango market.
Active
Price cut: $95K (10/27)
$1,150,000
195 Silverview Lane #1-5, Durango, CO 81303
6beds
3,556sqft
Fiveplex
Built in 1973
-- sqft lot
$1,111,800 Zestimate®
$323/sqft
$-- HOA
What's special
Three units fully remodeledSurprisingly spacious setting
- 42 days
- 154
- 5
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Makala Jewell 970-880-4196,
EXIT Realty Home & Ranch,
Jon Tyler Frakes,
EXIT Realty Home & Ranch
Source: CREN,MLS#: 839488
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
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: MultiFamily
- Property subtype: Fiveplex
Condition
- New construction: No
- Year built: 1973
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Durango
Financial & listing details
- Price per square foot: $323/sqft
- Annual tax amount: $3,066
- Date on market: 10/1/2026
Estimated market value
$1,111,800
$1.06M - $1.17M
$2,151/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2026 | Price change | $1,150,000-7.6%$323/sqft |
Source: | ||
| 10/22/2026 | Price change | $1,245,000-3.9%$350/sqft |
Source: | ||
| 10/1/2026 | Listed for sale | $1,295,000+8.1%$364/sqft |
Source: | ||
| 12/24/2025 | Listing removed | $1,198,000+20%$337/sqft |
Source: EXIT Realty broker feed #823550 Report a problem | ||
| 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: | ||
| 7/7/2025 | Price change | $1,295,000-1.9%$364/sqft |
Source: | ||
| 5/31/2025 | Price change | $1,320,000-2.1%$371/sqft |
Source: | ||
| 5/23/2025 | Price change | $1,349,000-1.9%$379/sqft |
Source: | ||
| 5/1/2025 | Listed for sale | $1,375,000$387/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 81303
Nearby schools
Schools provided by the listing agent
- Elementary: Florida Mesa K-5
- Middle: Escalante 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.







