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Jeff Brown


  • Cell (970) 749-6655

2263 W 3rd Avenue, Durango, CO – $895,000

  • $895k Price
  • 5,385 Sqft
  • .21 Acres
  • $895k Price
  • 5,385 Sqft
  • .21 Acres

2263 W 3rd Avenue

Bringing in a potential $6,200/month or $74,400 gross rents at 100% occupancy, this 5 unit apartment complex has a cap rate of 7.6% in Durango, CO! Looking for an investment opportunity in Durango's tight rental market? Or live above the 4 units in the 4BR home/2BA unit and rent the other 4 units for $4,200/month, this 5 Unit Multi-Family Income property a few blocks from Main/550 and is located within walking distance of all schools, Rec Center, Grocery stores, liquor stores, Animas River Trail, the Public library, bike & hike trails, medical facilities, shopping, etc... Fully leased, this property offers four 2 bedroom/1 bath units and one 4 bedroom/2 bath unit. There is off-street parking for both the front and rear of the property as well as private storage closets for each unit. Current rental income is $72,600.00/yr (4 X $1,050 and 1 X $2,000/month or $6,050/mo or $72,600/year gross.)

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Essential Information

  • MLS® #758765
  • Price$895,000
  • Full Baths6
  • Square Footage5,385
  • Acres0.21
  • Year Built1977
  • TypeMulti-Family
  • Sub-TypeApartment Bldg.
  • StatusActive

Community Information

  • Address2263 W 3rd Avenue
  • AreaDurango In Town
  • SubdivisionNone
  • CityDurango
  • CountyLa Plata
  • StateCO
  • Zip Code81301


  • Parking10-20 Total Spaces


  • StoriesTwo Story

School Information

  • ElementaryNeedham K-5
  • MiddleMiller 6-8
  • HighDurango 9-12

Additional Information

  • Days on Website72

Listing Details

  • OfficeRE/MAX Pinnacle
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Price Change History for 2263 W 3rd Avenue, Durango, CO (MLS® #758765)

Date Details Change
Status Changed from NEW to Active

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