1221 & 1221 1/2 S 3rd Street, Montrose, CO 81401
1221 & 1221 1/2 S 3rd Street, Montrose, CO 81401
1221 & 1221 1/2 S 3rd Street, Montrose, CO 81401
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$649,900
Est. payment /mo
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4 Beds
3 Baths
2,474 SqFt
New

1221 & 1221 1/2 S 3rd Street Montrose, CO 81401

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Jen Stein

Jen Stein

+1(970) 318-9300

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Stick Built

Listing Status Active

Purchase Type For Sale

Square Footage 2,474 sqft

Price per Sqft $262

MLS Listing ID 839245

Style Contemporary

Bedrooms 4

Full Baths 3

Year Built 1912

Annual Tax Amount $2,793

Tax Year 2026

Lot Size 9,365 Sqft

Acres 0.215

Property Sub-Type Stick Built

Property Description

Two residences, three city lots, and an incredible location in the heart of Montrose! This unique property offers flexibility, income potential, and plenty of space; all within walking distance of Main Street, local restaurants and amenities. The main home features 1,817 square feet with 3 bedrooms and 2 bathrooms, while the separate 657 square-foot ADU offers its own bedroom, bathroom, living room, kitchen, and dining area. Together, the two residences provide a total of 2,474 square feet of living space. The detached guest house has a strong short term rental history, creating an excellent opportunity for an investor, 1031 exchange buyer, or owner-occupant looking to offset expenses with rental income. It also offers an ideal setup for multigenerational living, extended family, guests, or a private space for an adult child. Situated on three city lots, the property has seen numerous recent improvements, including a new roof in 2022, refrigerator and washer/dryer in 2023, and substantial exterior updates in 2026. Those updates include fresh exterior paint, a new sprinkler system, new grass, and an impressive 420-square-foot redwood deck, perfect for outdoor dining, entertaining, or relaxing. Location adds even more value: just two blocks from the hospital, approximately 0.8 miles from the golf course, and close enough to walk to downtown Montrose and enjoy Main Street restaurants, shopping, and community events. Whether you're looking for a primary residence with a separate guest house, a multigenerational property, or an investment with established rental potential, this property offers a combination of space, versatility, and location that is hard to find in Montrose.

Location

State CO

County Montrose

Area Montrose City

Zoning Residential Single Family

Rooms

Basement Slab

Interior

Heating Forced Air

Cooling Evaporative Cooler

Flooring Carpet-Partial, Engineered Flooring, Hardwood, Other

Inclusions Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator

Furnishings Unfurnished

Exterior

Exterior Feature Shed/Storage

Roof Type Composition

Building

Story Two Story

Foundation Slab

New Construction No

Schools

Elementary Schools Johnson K-5

Middle Schools Centennial 6-8

High Schools Montrose 9-12

Others

Virtual Tour https://www.youtube.com/watch?v=GDwM4F-xGUk

Colorado Real Estate Network (CREN) + Sold
Listed by NextHome Virtual

NEARBY SCHOOL & BUSINESS

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Jen Stein

Jen Stein

Broker License ID: ER100096567

+1(970) 318-9300

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1221 & 1221 1/2 S 3rd Street