This four-unit multifamily property located at Fort Morgan offers a compelling opportunity for investors seeking stable asset, with positive cash flow, in a growing regional market. The asset benefits from spacious units and consistent rental demand driven by the area’s agricultural, industrial, and service-based employment base. Its manageable size allows for efficient operations while still providing scale beyond single-family rentals. With strong housing demand in the area, the property presents both immediate income and long-term value appreciation.
For sale
Price cut: $20K (8/20)
$725,000
404 State Street, Fort Morgan, CO 80701
12beds
6baths
6,200sqft
Quadruplex
Built in 1906
-- sqft lot
$687,900 Zestimate®
$117/sqft
$-- HOA
What's special
- 138 days
- 90
- 3
Zillow last checked:
Listing updated:
Listed by:
Andy Monette 714-330-1436 amonette@pinnaclerea.com,
Pinnacle Real Estate Advisors
Source: REcolorado as distributed by MLS GRID,MLS#: 9805993
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Electric, Radiant
Cooling
- Has cooling: Yes
Features
- Basement: Unfinished
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 6,200
- Total interior livable area: 6,200 sqft
- Finished area above ground: 6,200
Property
Parking
- Total spaces: 4
- Parking features: Concrete
- Details: Off Street Spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,147 Square Feet
Details
- Parcel number: 122906411014
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Frame
- Roof: Other
Condition
- Year built: 1906
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Fort Morgan Original Town
HOA
- Has HOA: No
Location
- Region: Fort Morgan
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $385,270
- Annual tax amount: $2,029
- Date on market: 5/13/2026
- Listing terms: Cash,Conventional,Other
- Exclusions: Tenant's Personal Property.
- Ownership: Individual
Estimated market value
$687,900
$654,000 - $722,000
$1,589/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $725,000-2.7%$117/sqft |
Source:  REcolorado as distributed by MLS GRID #9805993 Report a problem | ||
| 6/29/2026 | Price change | $745,000-6.3%$120/sqft |
Source: REcolorado as distributed by MLS GRID #9805993 Report a problem | ||
| 5/13/2026 | Listed for sale | $795,000+48.6%$128/sqft |
Source: REcolorado as distributed by MLS GRID #9805993 Report a problem | ||
| 5/7/2026 | Listing removed | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 4/28/2026 | Listed for rent | $1,500-6.3% |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Listing removed | -- |
Source:  IRES as distributed by MLS GRID #1005798 Report a problem | ||
| 6/13/2024 | Price change | $535,000-4.4%$86/sqft |
Source: IRES as distributed by MLS GRID #1005798 Report a problem | ||
| 3/28/2024 | Listed for sale | $559,900+94.7%$90/sqft |
Source: IRES as distributed by MLS GRID #1005798 Report a problem | ||
| 3/10/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/7/2022 | Listed for rent | $1,600 |
Source: Zillow Rental Manager Report a problem | ||
| 4/18/2014 | Sold | $287,500$46/sqft |
Source: IRES as distributed by MLS GRID #723568 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,774 -1.4% | $24,080 -8.2% |
| 2024 | $1,799 -3.5% | $26,230 |
| 2023 | $1,864 -48.8% | $26,230 +15.3% |
| 2022 | $3,639 +127.5% | $22,740 -48.7% |
| 2021 | $1,600 -0.2% | $44,350 +133.8% |
| 2020 | $1,602 +15.9% | $18,970 +17.6% |
| 2018 | $1,382 | $16,130 |
| 2017 | $1,382 -0.1% | $16,130 -0.6% |
| 2016 | $1,384 -1.5% | $16,220 |
| 2015 | $1,404 +1.5% | $16,220 +40.2% |
| 2014 | $1,384 +36.7% | $11,570 |
| 2013 | $1,012 +2530900.2% | $11,570 -7.9% |
| 2011 | $0 | $12,560 -13% |
| 2010 | $1,200 | $14,430 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 80701
Nearby schools
Schools provided by the listing agent
- Elementary: Sherman
- Middle: Fort Morgan
- High: Lincoln
- District: Fort Morgan RE-3
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
