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  • $412,480

    729 N 2nd Street, Montrose, CO 81401

    3beds
    1,836sqft
    Stick Built
    Built in 1936
    6,098 Square Feet Lot
    $414,500 Zestimate®
    $225/sqft
    $1,687 Estimated rent

    Home value

    $414,500

    $390,000 - $439,000

    $1,687/mo

    Zestimate® history
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    $1,687/mo

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    Rent Zestimate®

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    $2,491/mo

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    $2,491/mo

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    What's special

    3-Unit investment opportunity in the heart of Montrose! This well-maintained three-unit property offers a strong rental history and excellent income potential in a convenient central location. The property features a front duplex (1,296 sq.ft total) and a separate detached unit (540 sq.ft) in the back, providing a desirable layout that appeals to tenants. Each unit features beautiful hardwood floors, its own outdoor storage space in the shared storage shed, and separately metered gas and electric utilities for added convenience. A newer roof provides peace of mind, while the shared yard with an underground sprinkler system creates an outdoor space for residents. With two of the three units currently rented, the property offers immediate income and continued investment potential. Whether you're looking to add to your investment portfolio or occupy one unit while generating rental income from the others, this is a rare opportunity to own a quality multi-unit property in the heart of Montrose, close to shopping, dining, parks, and everyday amenities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Mark Covington 970-209-1956,

    RE/MAX Alpine View

    Bought with:

    Kerri Noonan-Inda

    NextHome Virtual

    Source: CREN,MLS#: 836545MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Level: Main
    Dining room
    • Features: Kitchen/Dining
    Heating
    • Forced Air
    Features
    • Flooring: Hardwood
    • Basement: Partially Finished
    Interior area
    • Total structure area: 1,836
    • Total interior livable area: 1,836 sqft

    Property

    Features
    • Levels: One,Two
    • Stories: 2
    Lot
    • Size: 6,098 Square Feet
    Details
    • Additional structures: Shed(s)
    • Parcel number: 376727206010
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch Basement
    • Property subtype: Stick Built
    Materials
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1936

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $225/sqft
    • Tax assessed value: $407,380
    • Annual tax amount: $1,928
    • Date on market: 6/29/2026

    Price history

    DateEventPrice
    9/23/2026Listing removed$1,250$1/sqft
    Source: Zillow Rentals Report a problem
    8/28/2026Listed for rent$1,250$1/sqft
    Source: Zillow Rentals Report a problem
    8/4/2026Sold$412,480-6.3%$225/sqft
    Source: CREN #836545 Report a problem
    7/5/2026Contingent$440,000$240/sqft
    Source: CREN #836545 Report a problem
    6/29/2026Listed for sale$440,000$240/sqft
    Source: CREN #836545 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,863 +21.3%$28,720 +13.7%
    2024$1,536 -13.3%$25,260 -1.9%
    2023$1,772 +30.5%$25,750 +36.8%
    2022$1,358 +29.4%$18,820 -4.5%
    2021$1,049 -0.6%$19,700 +26%
    2020$1,056 $15,640
    2019$1,056 +23.4%$15,640 +21%
    2016$856 -0.2%$12,930
    2015$858 +20.3%$12,930 +12.4%
    2014$713 -18.7%$11,500 -23.7%
    2012$876 $15,070
    2011-- $15,070
    Find assessor info on the county website

    Neighborhood: 81401

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Open Enrollment
    • Middle: Open Enrollment
    • High: Open Enrollment

    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
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $414,500
    2% more
    +$8,290
    With Zillow Showcase(estimated)
    $422,790
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $414,500
    2% more
    +$8,290
    With Zillow Showcase(estimated)
    $422,790