$5,878 Closing Credit¹
#821083, Shari Gardner, Listing Office: RE/MAX Cimarron Realty
$700,000 List price
425 S 5th St Montrose, CO 81401
$8,313
Closing credit¹
4 beds
4 full
2,185 sqft
0.1 acres
$320 / sqft
House
Property details
About 425 S 5th St
Looking for the perfect investment opportunity, this property is ideal. The homes are in a great location and have the added bonus of a constructed high end Accessory Dwelling Unit (ADU)on the property. Both homes were fully remodeled in 2020, with the main house having 4 bedrooms and 2 bathrooms, while the ADU offers an additional detached home with 2bedrooms (master suite and guest room) as well as 2 bathrooms, Cheery and sunny living room, and a beautiful kitchen. Each property has privacy, off street parking, and a fenced backyard. Both homes are currently tenant occupied with excellent rental history and leases through January 2024. Please see associated documents for rents, exact lease dates etc. This property is conveniently located near amenities and downtown Montrose. Options are limitless with this property so don’t miss your opportunity to own 2 turnkey investment properties in an ideal downtown location!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
Size2,185 sqft
Lot size0.14 Acres
Year built1902
MLS #815784
Summary
- MLS Number: 815784
- Office Name: Phelps Real Estate Group
- Listing Agent: Elizabeth Spitzer
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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Fair Housing Disclaimer 
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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 5:20:51 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
$700,000
425 S 5th St
$8,313
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 28, 2022 | Home Sold | $650,000 |
| Jun 19, 2020 | Home Sold | $245,000 |
| Apr 12, 2019 | Home Sold | $219,900 |
| Aug 01, 2008 | Home Sold | $145,000 |
| Dec 12, 2005 | Home Sold | $115,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $35,570 | $2,082 |
| 2022 | $24,370 | $1,679 |
| 2021 | $25,070 | $1,682 |
| 2020 | $14,120 | $859 |
| 2019 | $12,730 | $881 |
| 2018 | $10,600 | $727 |
| 2017 | $10,600 | $1,390 |
History based on county public records data.
Nearby schools
3
Pomona Elementary School
Public District KG-5
0.4 mi
•1045 S Cascade Ave
2
Northside Elementary School
Public District KG-5
0.7 mi
•528 N Uncompahgre Ave
3
Johnson Elementary School
Public District KG-5
2.2 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 $33,333. The most common annual income of people living in Montrose, CO is less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
51%
<35k
47%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
46%
Single, No Kids
15%
Single, with Kids
22%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
29%
18-34 yrs old
36%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
NASCAR
Where do the neighbors shop?
Family Dollar
Kmart
Wal-Mart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Sonic
What do the neighbors drive?
Ford
Buick
Oldsmobile
What do the neighbors listen to?
New Country
Oldies- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 425 S 5th St
This home is located at 425 S 5th St in Montrose, CO and zip code 81401. This 2,185 square foot home, which was built in 1902, sits on a 0.14 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $700,000.
In February 2025 in Montrose, CO there were 34.4% more homes for sale than in January. Listings spent 108 days on the market in February 2025, and had a median list price of $589,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.