Sold for $200,000

$200,000

557 Miami Rd, Montrose, CO 81401

--beds

3,260sqft

MultiFamily

Built in 1961

-- sqft lot

$519,300 Zestimate^®

$61/sqft

$1,712 Estimated rent

Home value

$519,300

$431,000 - $613,000

$1,712/mo

Zestimate^® history

Owner options

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$1,712/mo

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$1,712/mo

Rent Zestimate^®

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$1,203/mo

Est. payment

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$1,203/mo

Est. payment

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What's special

Amazing investment opportunity! Great triplex across from iconic Star Drive In. Walking distance to downtown, hospital, schools, parks and restaurants. Large lot with possibilities to expand. Ample parking for guests. Always rented, never vacant. Endless possibilities, you won't want to miss this one!! Contact City Planner for additional information regarding site plans, etc.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 4
Full bathrooms: 2
3/4 bathrooms: 2

Heating

Forced air, Gas

Cooling

Other

Appliances

Included: Dishwasher, Garbage disposal, Range / Oven, Refrigerator

Features

Flooring: Carpet, Hardwood, Laminate
Has fireplace: Yes

Interior area

Total interior livable area: 3,260 sqft

Property

Parking

Total spaces: 6

Features

Exterior features: Other, Wood
Has view: Yes
View description: Mountain

Lot

Size: 0.4 Acres

Details

Parcel number: 376727113009
Zoning: Residential Multi Family

Construction

Type & style

Home type: MultiFamily

Materials

Wood
Roof: Composition

Condition

Year built: 1961

Community & HOA

Location

Region: Montrose

Financial & listing details

Price per square foot: $61/sqft
Tax assessed value: $639,570
Annual tax amount: $2,823

Price history

Date	Event	Price
5/27/2025	Sold	$200,000-35.2%$61/sqft
Source: Public Record Report a problem
8/14/2018	Sold	$308,500-5.1%$95/sqft
Source: Public Record Report a problem
6/20/2018	Price change	$325,000-1.5%$100/sqft
Source: 8Z Real Estate #744115 Report a problem
5/31/2018	Price change	$330,000-1.5%$101/sqft
Source: 8Z Real Estate #744115 Report a problem
4/23/2018	Listed for sale	$335,000+28.9%$103/sqft
Source: 8Z Real Estate #744115 Report a problem
6/17/2016	Listing removed	$259,900$80/sqft
Source: Coldwell Banker Bailey & Co. #694643 Report a problem
6/4/2015	Price change	$259,900-6.8%$80/sqft
Source: Coldwell Banker Bailey & Co. #694644 Report a problem
5/19/2015	Price change	$279,000+7.3%$86/sqft
Source: Coldwell Banker Bailey & Co. #694644 Report a problem
5/7/2015	Price change	$259,900-6.8%$80/sqft
Source: Coldwell Banker Bailey & Co. #694644 Report a problem
3/20/2015	Price change	$279,000+7.3%$86/sqft
Source: Coldwell Banker Bailey & Co #694644 Report a problem
10/16/2014	Price change	$259,900-6.8%$80/sqft
Source: Coldwell Banker Bailey & Co. #694643 Report a problem
6/13/2014	Listed for sale	$279,000$86/sqft
Source: Coldwell Banker Bailey & Co #694644 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,823 -7%	$42,850 -1.5%
2023	$3,036 +38.2%	$43,500 +45.5%
2022	$2,197 +17.8%	$29,900 -4.9%
2021	$1,864 -0.6%	$31,440 +14.7%
2020	$1,876	$27,420
2019	$1,876 +15.3%	$27,420 -5.7%
2016	$1,628 -16.8%	$29,080
2015	$1,957 +26.2%	$29,080 +18.1%
2014	$1,551 +0.8%	$24,620
2013	$1,538 -13.3%	$24,620 -17.9%
2012	$1,774	$29,990
2011	--	$29,990
2010	--	--