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  • $1,215,000

    347 S 4th Street, Montrose, CO 81401

    9beds
    6,710sqft
    Multi Family
    Built in 1918
    -- sqft lot
    $1,263,500 Zestimate®
    $181/sqft
    $1,253 Estimated rent

    Home value

    $1,263,500

    $1.06M - $1.50M

    $1,253/mo

    Zestimate® history
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    $1,253/mo

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    $1,253/mo

    Rent Zestimate®

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    $7,163/mo

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    $7,163/mo

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    What's special

    Commercial and residential property located Downtown Montrose. 1 block from the college, a few blocks from the hospital, and convenient to downtown Montrose shopping and amenities. There are 5 residential rental units currently leased, including the main home (3 bed 3 bath), the upper level apartment from the main home (3 bed 1 bath), two cabins (both 1bed 1 bath), and a loft apartment on the second level of the commercial businesses (1 bed 1 bath). Two commercial spaces include a salon, currently leased, and a commercial kitchen space including all of the kitchen equipment on site. Upstairs from the kitchen is also a large storage space, and there is an attached 1 car garage. Nestled on .22 acres, this space features a small amount of maintained mature landscaping, and a fenced common area space with East and South entrance gates which houses a fire pit, a covered patio space, porches, and concrete open space.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kerri Noonan-Inda 970-275-1378,

    NextHome Virtual

    Bought with:

    Don Martin, FA100056684

    Real Colorado Properties

    Source: CREN,MLS#: 824947MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 9
    • Full bathrooms: 2
    • 3/4 bathrooms: 5
    • 1/2 bathrooms: 2
    Cooling
    • Evaporative Cooling, Window Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
    Features
    • Flooring: Carpet, Laminate, Stained/Stamped Concrete, Tile, Vinyl, Wood
    • Basement: Finished
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Furnished: Yes
    Interior area
    • Total structure area: 6,710
    • Total interior livable area: 6,710 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: 10-20 Total Spaces, Garage, Off Street, On Street, Attached Garage
    • Attached garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Levels: One,Two
    • Stories: 2
    Lot
    • Size: 9,583 Square Feet
    • Features: Corner Lot
    Details
    • Parcel number: 376727344009
    • Zoning description: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Other, Stone, Stucco, Vinyl Siding
    • Foundation: Slab
    • Roof: Architectural Shingles,Metal,Rolled/Hot Mop
    Condition
    • New construction: No
    • Year built: 1918

    Utilities & green energy

    • Water: City Water
    • Utilities for property: Metered for Electricity, Metered for Gas, Metered for Water

    Community & HOA

    Community
    • Features: Other
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Montrose

    Financial & listing details

    • Price per square foot: $181/sqft
    • Tax assessed value: $747,000
    • Annual tax amount: $5,803
    • Date on market: 7/14/2025
    • Listing terms: 1031 Exchange,Cash,Conventional,Other
    • Total actual rent: 10250

    Price history

    DateEventPrice
    8/6/2026Listing removed$1,550
    Source: Zillow Rentals Report a problem
    8/1/2026Listed for rent$1,550-6.1%
    Source: Zillow Rentals Report a problem
    1/21/2026Listing removed$1,650
    Source: Zillow Rentals Report a problem
    12/5/2025Price change$1,650-5.7%
    Source: Zillow Rentals Report a problem
    11/27/2025Listed for rent$1,750
    Source: Zillow Rentals Report a problem
    8/27/2025Listing removed$1,750
    Source: Zillow Rentals Report a problem
    7/22/2025Price change$1,750-5.4%
    Source: Zillow Rentals Report a problem
    7/12/2025Listed for rent$1,850
    Source: Zillow Rentals Report a problem
    7/11/2025Sold$1,215,000-4.7%$181/sqft
    Source: CREN #824947 Report a problem
    6/2/2025Listed for sale$1,275,000$190/sqft
    Source: CREN #824947 Report a problem
    6/2/2025Listing removed$1,275,000$190/sqft
    Source: CREN #824697 Report a problem
    5/28/2025Listed for sale$1,275,000+27.5%$190/sqft
    Source: CREN #824697 Report a problem
    5/22/2023Sold$1,000,006$149/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,178 -17.3%$70,750 -3.7%
    2023$5,054 +48%$73,440 +51%
    2022$3,414 +11.4%$48,630 -1.8%
    2021$3,064 -0.6%$49,520 +8.5%
    2020$3,084 $45,660
    2019$3,084 +11.1%$45,660 +13.9%
    2018$2,775 +0.8%$40,080
    2017$2,752 $40,080
    Find assessor info on the county website

    Neighborhood: 81401

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pomona K-5
    • Middle: Centennial 6-8
    • High: Montrose 9-12

    Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $1,263,500
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    With Zillow Showcase(estimated)
    $1,288,770
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,263,500
    2% more
    +$25,270
    With Zillow Showcase(estimated)
    $1,288,770