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
$795,000
404 State Street, Fort Morgan, CO 80701
12beds
6baths
6,200sqft
Quadruplex
Built in 1906
-- sqft lot
$748,200 Zestimate®
$128/sqft
$-- HOA
What's special
- 44 days |
- 119 |
- 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
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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: $128/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
$748,200
$711,000 - $786,000
$1,447/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | $14,430 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 80701
Nearby schools
GreatSchools rating
- NASherman Early Childhood CenterGrades: PK-KDistance: 0.5 mi
- 3/10Fort Morgan Middle SchoolGrades: 6-8Distance: 1 mi
- NALincoln High SchoolGrades: 9-12Distance: 0.5 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Colorado
- Morgan County
- Fort Morgan
- 80701
- 404 State Street
Nearby cities
Nearby zip codes
Other Fort Morgan Topics
