Sold cren member

$525,000

240 S Madison Street, Cortez, CO 81321

11beds

3,724sqft

Quadruplex

Built in 1994

-- sqft lot

$518,600 Zestimate^®

$141/sqft

$1,424 Estimated rent

Home value

$518,600

Estimated sales range

Not available

$1,424/mo

Zestimate^® history

Owner options

List your home for rent

$1,424/mo

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$1,424/mo

Rent Zestimate^®

Refinance and save

$2,980/mo

Est. payment

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$2,980/mo

Est. payment

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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!

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 & HOA

Community

Subdivision: Madison and Third TH

HOA

Has HOA: No

Location

Region: Cortez

Financial & listing details

Price per square foot: $141/sqft
Tax assessed value: $135,860
Annual tax amount: $1,688
Date on market: 9/30/2025

Price history

Date	Event	Price
9/30/2025	Sold	$525,000-10.7%$141/sqft
Source: CREN #823953 Report a problem
5/12/2025	Listed for sale	$588,000$158/sqft
Source: CREN #823953 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$556 +9.9%	$9,100
2023	$506 -15.6%	$9,100 -14.4%
2022	$599	$10,630 -2.8%
2021	--	$10,940 +18.9%
2020	--	$9,200 -20.3%
2017	--	$11,540 +17.8%
2016	$563	$9,800 -93.1%
2015	$563	$142,720 +1356.3%
2014	--	$9,800
2013	--	$9,800 -16.7%
2012	--	$11,770
2011	--	$11,770