3 days on Rocket
$4,691 Closing Credit¹
#821879, Doug Phillips, Listing Office: Norris-Phillips Real Estate, LLC
$364,000 List price
1145 S 5th St Montrose, CO 81401
$4,323
Closing credit¹
2 beds
2 full
1,845 sqft
0.5 acres
$197 / sqft
House
Property details
About 1145 S 5th St
HUGE INVESTMENT OPPORTUNITY! This beautifully updated 1,845-square-foot home is a rare gem located in the heart of Montrose's vibrant ReDo District. Sitting on an expansive 2.5 city lots, this property offers both charm and opportunity with two rental units, each featuring 1 bedroom and 1 full bathroom. The main level is approximately 1113 unfurnished square feet and currently rents for $1700 a month. The upstairs unit is fully furnished including all appliances and furniture and currently rents for $1475 a month. The home has been thoughtfully modernized while preserving its original character, boasting stylish finishes, an open layout, and abundant natural light. The two rental units are equally well-appointed, providing ideal living spaces for tenants or extended family, with private entrances and a shared outdoor area. The large lot offers ample outdoor space, perfect for building another one or two units with room for entertaining, gardening, or even future expansion. Conveniently located near trendy shops, dining, and entertainment, this property is a unique investment opportunity in a sought-after neighborhood. Whether you're looking for a multi-family rental or a spacious home with income potential, this property checks all the boxes!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Heat Pump
StatusActive
CoolingCentral Air
Size1,845 sqft
Lot size0.51 Acres
Year built1948
MLS #820378
Summary
- MLS Number: 820378
- Office Name: Style Real Estate LLC
- Listing Agent: Glenn Steil
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.
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PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
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Last updated on: 3/15/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$364,000
1145 S 5th St
$4,323
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 25, 2018 | Home Sold | $145,000 |
| Nov 13, 2017 | Home Sold | $45,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $21,590 | $1,165 |
| 2022 | $14,100 | $972 |
| 2021 | $14,500 | $972 |
| 2020 | $11,930 | $805 |
| 2019 | $11,930 | $825 |
| 2018 | $9,930 | $681 |
| 2017 | $9,930 | $717 |
History based on county public records data.
Nearby schools
3
Pomona Elementary School
Public District KG-5
0.7 mi
•1045 S Cascade Ave
2
Northside Elementary School
Public District KG-5
0.9 mi
•528 N Uncompahgre Ave
3
Johnson Elementary School
Public District KG-5
1.7 mi
•13820 6700 Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $41,658. The majority of Montrose, CO residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
38%
<35k
57%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
35%
Single, No Kids
16%
Single, with Kids
24%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
34%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Extreme Sports
Pro Wrestling
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Sonic
What do the neighbors drive?
Buick
Chevrolet
Oldsmobile
What do the neighbors listen to?
Oldies
Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1145 S 5th St
This home is located at 1145 S 5th St in Montrose, CO and zip code 81401. This 1,845 square foot home, which was built in 1948, sits on a 0.51 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $364,000.
The number of homes for sale in Montrose, CO increased by 34.4% between January and February 2025. In February 2025 median list price was $589,000 and the average listing age was 108 days.
From Rocket Homes Real Estate and based on county public records data.