Property
ActiveCommercial
1/22
$1,351,000

147 E Main Street

Montrose, CO 81401
0
Beds
0
Baths
7,318
SqFt
0
Acres
RECOLORADO
#7803527
Updated: Apr 20, 2026, 8:15pm

Property Description

6 unit Multi-Family or AIRBNBN parcel, 2 stories w/ 2 decks + a rooftop patio.
Great rental History with short / long term.

ONLY $188 PER FOOT, BELOW REPLACEMNET ABND BULDING COSTS!

8.26% CAP rate (w/all expenses except mngt) 177k++ of Gross income last year.
16 bedroom/10 bath, 5-6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride.
*long term MF income would be ~11,000_ month or higher with airbnb,
Over 7,300+ feet plus 2 covered decks, 5 Apartments + a lock off,
Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns.
No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks.

If you long termed it, Tenants can pay electric (5 meters) + (2 gas meters). Owner would still pay sewer/water/trash. 5 extra storage units for the rentals also, (3 inside lobby, 2 outside).
Recently restored and upgraded with 90% new plumbing and 90% new wiring, 5 new electric meters and 2 units are gas metered. Many new windows, 90%+ new flooring, stylish stone, barnwood and granite. Stainless appliances and high ceilings in most units. Building wide master Fiber WIFI for future additional income. Major $600,000 Remodel in 2017-19 and also permitted upgrades in 2021. City parking in multiple locations nearby and adjacent.

1)The front unit is 147 main st, a huge 3000 sq feet up and down unit with 5 bedrooms and 4 baths), (2 master ensuites upstairs with decks and rooftop patio.
2)#18 Selig Av is a large studio
3) #26 Selig Av #A = 2br/1bath
4)#B 3br/2bath with very tall, vaulted ceiling
5) 2br/1b w/ vaulted ceiling
6) #D is a lockoff of C, its a 1br/1b separate alleyway entrance can be combined with C to make 3/2.

All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc )

Property Details

Interior
Building Area Total
7318
Security Features
Carbon Monoxide Detector(s)Fire AlarmFire Sprinkler - WetFire Sprinkler SystemSecurity LightsSmart CamerasSmart LocksSmoke Detector(s)
Construction
Also Marketed As
Commercial Sale
Construction Materials
ConcreteStoneStucco
Number Of Units Total
6
Roof
Membrane
Structure Type
Low Rise (1-3)
Year Built
1960
Year Built Effective
2021
Site & Exterior
Current Use
Multi-Family
Lot Features
Corner Lot
Lot Size Area
7400
Offstreet Spaces
12
Parking Total
12
Road Frontage Type
Public
Road Surface Type
Paved
Sewer
Public Sewer
Water Included
Yes
Water Source
Public
Financials
Parcel Number
R0650842
Tax Annual Amount
3622
Tax Legal Description
SUBD: SELIGS ADDN BLOCK: 81 LOT: 23 AND:- LOT: 24 S: 28 T: 49 R: 9
Tax Year
2024

Neighborhood & Lifestyle

Listing provided courtesy of RECOLORADO via IDX. Updated: Apr 20, 2026, 8:15pm.
Scott Elkins

Listing Agent

Telluride Realty LLC

Call Agent