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.
Sold cren member
$1,215,000
347 S 4th Street, Montrose, CO 81401
9beds
6,710sqft
Multi Family
Built in 1918
-- sqft lot
$1,246,800 Zestimate®
$181/sqft
$1,499 Estimated rent
Home value
$1,246,800
$1.07M - $1.46M
$1,499/mo
Zestimate® history
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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#: 824947
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 sqft
- 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 & neighborhood
Community
- Community features: Other
Location
- Region: Montrose
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 10250
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,Other
Price history
| Date | Event | Price |
|---|---|---|
| 1/21/2026 | Listing removed | $1,650 |
Source: Zillow Rentals Report a problem | ||
| 12/5/2025 | Price change | $1,650-5.7% |
Source: Zillow Rentals Report a problem | ||
| 11/27/2025 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 8/27/2025 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 7/22/2025 | Price change | $1,750-5.4% |
Source: Zillow Rentals Report a problem | ||
| 7/12/2025 | Listed for rent | $1,850 |
Source: Zillow Rentals Report a problem | ||
| 7/11/2025 | Sold | $1,215,000-4.7%$181/sqft |
Source:  CREN #824947 Report a problem | ||
| 6/2/2025 | Listed for sale | $1,275,000$190/sqft |
Source: CREN #824947 Report a problem | ||
| 6/2/2025 | Listing removed | $1,275,000$190/sqft |
Source: CREN #824697 Report a problem | ||
| 5/28/2025 | Listed for sale | $1,275,000+27.5%$190/sqft |
Source: CREN #824697 Report a problem | ||
| 5/22/2023 | Sold | $1,000,006$149/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
- 4/10Pomona Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Centennial Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Montrose High SchoolGrades: 9-12Distance: 0.3 mi
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.
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$1,246,800
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- Colorado
- Montrose County
- Montrose
- 81401
- 347 S 4th Street
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