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!
Sold cren member
$339,000
307 W Montezuma, Cortez, CO 81321
--beds
2,734sqft
Apartment
Built in 1948
-- sqft lot
$333,200 Zestimate®
$124/sqft
$1,452 Estimated rent
Home value
$333,200
Estimated sales range
Not available
$1,452/mo
Zestimate® history
Owner options
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$1,452/mo
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$1,452/mo
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$1,900/mo
Est. payment
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$1,900/mo
Est. payment
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Fantastic street
Zillow last checked:
Listing updated:
Listed by:
Gina Buchanan 970-799-2133,
The Wells Group of Durango, LLC
Bought with:
Robin Rice, EA948735
eXp Realty, LLC
Source: CREN,MLS#: 821002
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 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: $124/sqft
- Annual tax amount: $1,179
- Date on market: 2/6/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2025 | Sold | $339,000-10.6%$124/sqft |
Source:  CREN #821002 Report a problem | ||
| 5/5/2025 | Contingent | $379,000$139/sqft |
Source: CREN #821002 Report a problem | ||
| 4/14/2025 | Listed for sale | $379,000$139/sqft |
Source: CREN #821002 Report a problem | ||
| 2/9/2025 | Contingent | $379,000$139/sqft |
Source: CREN #821002 Report a problem | ||
| 2/6/2025 | Listed for sale | $379,000$139/sqft |
Source: CREN #821002 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 81321
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Nearby schools
GreatSchools rating
- 5/10Kemper Elementary SchoolGrades: K-5Distance: 0.7 mi
- 6/10Cortez Middle SchoolGrades: 6-8Distance: 0.2 mi
- 3/10Montezuma-Cortez High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Kemper K-5
- Middle: Cortez 6-8
- High: Montezuma-Cortez 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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- Colorado
- Montezuma County
- Cortez
- 81321
- 307 W Montezuma
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