TBD E Main Street, Montrose, CO 81401 (MLS # 20253861)

Price $550,000
Status Active
Size n/a
Lot Size n/a
Days on Market 255
Exceptional Single Room Rental Investment Opportunity in a High-Traffic Corridor Don't miss this opportunity to acquire a low-entry-price property situated in a prime, highly visible location. This asset utilizes a hybrid weekly/monthly rental model with 70% occupancy and revenue, $70,000 Rental Income and a compelling 11.9% capitalization rate. Optional income from the seasonal pool and patio area can further boost annual returns by up to $8,000. Property Features & Amenities The property is meticulously set up for short term room rental success, featuring: "¢ Guest Suites: A welcoming guest check-in area and four (with potential for five) elegantly designed suites. Could be developed into two additional long-term suites. "¢ Capacity & Comfort: A total of 7 beds and 5 well-appointed bathrooms. "¢ Kitchens: Three suites offering kitchens with two being new efficiency kitchens. "¢ Atmosphere: Two cozy fireplaces enhance the ambiance, one fireplace located in check-in and one located within a suite, and five separate entrances ensure convenience and privacy for all guests. "¢ Outdoor Amenities: Guests will appreciate the outdoor pool, designated cooking area, and private patios. "¢ Practical Updates: The exterior features new paint applied in 2025. "¢ Parking: Ample on-site parking is available, accommodating up to 15 vehicles. Unbeatable Regional Access The location is a major asset, perfectly positioned in a central hub: "¢ Walkable Convenience: The property is within walking distance of popular local eateries, including a bar and a Mexican restaurant. "¢ Gateway Location: Located just minutes from the Montrose Regional Airport (MTJ), this is the ideal base for exploring major regional attractions. "¢ Recreational Hub: Enjoy convenient access to year-round activities near Black Canyon National Park, Telluride Ski Resort, Silverton, Ridgeway, Ouray, Grand Junction, and Durango. ________________________________________ Property Facts: "¢ 3,700 Square Feet "¢ 0.57 Acres "¢ $70,000 Rental Income, 11.9% Cap Rate "¢ Guest Check In Area "¢ 7 Beds "¢ 5 Bathrooms "¢ 3 Kitchens "¢ Fireplaces "¢ 5 Separate Entrances Rental Income Potential Breakdown "¢ Room 120 - 1BR, Weekly $400.00, Monthly $1,600.00, Annual $19,200 "¢ Basement Apartment - 1BR, Monthly $800.00, Annual $9,600.00 "¢ Room First Floor - 2BR, Monthly $700.00, Annual $8,400.00 "¢ Room 118 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual $28,800.00 "¢ Room 119 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual, $28,800.00
Property Type(s): Commercial
Last Updated 2/19/2026 Year Built 0
Community Montrose City County Montrose

Price History

Prior to Sep 19, '25 $585,000
Sep 19, '25 - Nov 12, '25 $560,000
Nov 12, '25 - Nov 13, '25 $560,001
Nov 13, '25 - Feb 19, '26 $560,000
Feb 19, '26 - Today $550,000

Additional Details

AREA Montrose City
LOT DESCRIPTION Irregular Lot
LOT DIMENSIONS Irregular
TAXES 8645.68
ZONING B2

Location

 

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This IDX solution is (c) Diverse Solutions 2026.

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