$1,499,750
PENDING $41K PRICE DROP

147 E Main St Unit 147 Main , 18 N Se Montrose, CO 81401

Estimated payment $8,209/month

Total Views 403
14 Beds
9 Baths
7,314 Sq Ft
$205 Price per Sq Ft

About This Home

This home is located at 147 E Main St Unit 147 Main , 18 N Se, Montrose, CO 81401 and is currently priced at $1,499,750, approximately $205 per square foot. This property was built in 1960. 147 E Main St Unit 147 Main , 18 N Se is a home located in Montrose County with nearby schools including Northside Elementary School, Centennial Middle School, and Montrose High School.

Listing Agent

Scott Elkins

Telluride Realty, LLC Listed on: 08/07/2025

Co-Listing Agent

Mark Simpson

Telluride Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,100

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Property Attached

Interior Spaces

  • 9 Full Bathrooms
  • 7,314 Sq Ft Home
  • Multi-Level Property
  • Partially Furnished

Schools

  • Pomona K-5 Elementary School
  • Centennial 6-8 Middle School
  • Montrose 9-12 High School

Listing and Financial Details

  • Assessor Parcel Number 376728421005

Community Details

Overview

  • 6 Units

Building Details

  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $62,681
  • Gross Income $177,591
  • Net Operating Income $114,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,100

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Estimated Total Acres: 0.14
  • Class: Multifamily
  • Em Deposit: 50000
  • Em Holder: land title
  • Fronts: Main st
  • Legal Lot Block: 147 E MAIN ST 10 N SELIG AVE 18 N SELIGAVE 26 N SELIG AVE #A 26 N SELIG AVE #B26 N SELIG AVE #C : SELIGS ADDN Block: 81Lot: 23 AND:- Lot: 24 S: 28 T: 49 R: 9
  • Parcel Id Number: 376728421005
  • Price Per Sq Ft: 205.05
  • Property Attached: Yes
  • Sale/Rent: For Sale
  • Cap Rate Percent: 7.46
  • Multi Story: Yes
  • Property Mngr: owner ( no mngt ex in CAP
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 3
  • Total Number Water Meters: 1
  • Type: Sixplex
  • Total Taxes Dollar: 3100
  • Year Built: 1960
  • Prop Description Remarks: This is a 6 unit multi family parcel, 2 stories with 2 decks and a rooftop patio. Great rental History with short and long term. 7.46 CAP rate (w/all expenses except mngt) 177k++ of Gross income 2024 14 bedroom/10 bath, 6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. **long term /normal MF income would be ~11,000+a month easily if long vs STR = $133,000 with less management/expenses. Over 7,300+ feet plus 2 covered decks, 6 Total Apartments, fully furnished with great rental history and many repeat visitors. 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. 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. #18 Selig Av is a large studio #26 Selig Av: A) 2br/1bath B) 3br/2bath with very tall, vaulted ceiling C) 2br/1b with vaulted ceiling D) 1br/1b separate alleyway entrance can be combined with C to make 3/2. Some ways to increase revenue, (roof top amenities, hot tub, bike racks, grills and more amenities. Add some lofts in B or C as the ceiling is so tall? Low vacancy (as an example out of July, only 3 empty nights out of a possible 180 =.5% (half of 1 percent) ***Sold fully furnished minus some PP some art. ***7.46%+ CAP rate based on list price and NOI 24' ***Full monitored fire suppression system (code compliant!) *** Low taxes of only 3,400 a year! *** NO HOA, street access on 3 sides. *** ROOF access is easy and can be upgraded for amenities. All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc ) ***OZ fund avail due to location in the OZ.
  • Unit Suite Number: 147 Main , #18 N Selig , #26 N selig A,B C
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Total Sq Ft: 7314
  • Full Bathrooms: 9
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 9
  • Main Level Sq Ft: 7314
  • Total Office Den: 0

Utilities

  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Sewer Supplier: City of Montrose
  • Water Supplier: City of Montrose

Schools

  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8
  • High School: Montrose 9-12
  • High School: Montrose 9-12

Rental Info

  • Furnished: Partially Furnished

Multi Family

  • No. of Units: 6
  • Gross Annual Expenses: 62681
  • Gross Scheduled Income: 177591
  • Net Operating Income: 114910

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Pending -- -- --
09/02/2025 09/02/25 Price Changed $1,499,750 -2.7% $205 / Sq Ft
08/07/2025 08/07/25 For Sale $1,540,750 -- $211 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Source: Colorado Real Estate Network (CREN)

MLS Number: 827434

Colorado Real Estate Network (CREN)
Colorado Montrose County Montrose 81401

147 E Main St Unit 147 Main , 18 N Se, Montrose, CO

This home is located at 147 E Main St Unit 147 Main , 18 N Se, Montrose, CO 81401 and is currently priced at $1,499,750, approximately $205 per square foot. This property was built in 1960. 147 E Main St Unit 147 Main , 18 N Se is a home located in Montrose County with nearby schools including Northside Elementary School, Centennial Middle School, and Montrose High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Scott Elkins
Listing Agent
Scott Elkins
Section Image
Telluride Realty, LLC
(970) 708-0494