$725,000
$125K PRICE DROP

562 E 1st St Durango, CO 81301

So Co Neighborhood

Estimated payment $4,225/month

Total Views 16,213
4 Beds
2 Baths
1,972 Sq Ft
$368 Price per Sq Ft

Highlights

  • Mountain View
  • Tile Flooring
  • Fenced
  • Patio
  • Ceiling Fan

About This Home

This home is located at 562 E 1st St, Durango, CO 81301 and is currently priced at $725,000, approximately $367 per square foot. This property was built in 1931. 562 E 1st St is a home located in La Plata County.

Listing Agent

Christine Serwe

Wells Group Real Estate Listed on: 12/02/2025

Co-Listing Agent

Stuart Way

Wells Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,980

Year Built

  • Built in 1931

Lot Details

  • 8,276 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Metal Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 2 Full Bathrooms
  • 1.5-Story Property
  • Ceiling Fan
  • Mountain Views
  • Oven or Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Patio

Schools

  • Park K-5 Elementary School
  • Escalante 6-8 Middle School
  • Durango 9-12 High School

Listing and Financial Details

  • The owner pays for building insurance, real estate taxes, ext maintenance (bldg)
  • Assessor Parcel Number 566529329023

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,980

Year Built

Built in 1931

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator
  • Estimated Total Acres: 0.19
  • Class: Multifamily
  • Em Deposit: 10,000
  • Em Holder: title company
  • Exterior Inclusions: Fence, Patio
  • Interior Inclusions: Ceiling Fan(s), W/D Hookup
  • Legal Lot Block: Lot 6, Block 025, Ewing Subdivision to the City of Durango, according to the recorded plat thereof, less and except that portion as described in Decree of Quiet Title recorded August 29, 2002 as Reception N. 837031
  • Lot Dimension: 0.196 acres
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 566529329023
  • Price Per Sq Ft: 367.65
  • Residence Stories: 1.5 Story
  • Sale/Rent: For Sale
  • Siding: Stucco, Stone
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Street
  • Tax Account Id: R424903
  • Zoning: Residential Multi Family
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Natural Gas
  • Landlord Pays: Building Insurance, Real Estate Taxes, Ext Maintenance (Bldg)
  • Multi Story: Yes
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 2
  • Total Number Water Meters: 1
  • Type: Duplex
  • Total Taxes Dollar: 2,979.68
  • Year Built: 1931
  • Prop Description Remarks: Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs. Downstairs there are 2 bedrooms, an office and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other bedroom and office in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard. Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom, 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval. The property borders the Parkside Terrace townhomes, and the upstairs unit is currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1073

Interior Features

  • Flooring: Carpet, Tile
  • Estimated Total Sq Ft: 1972
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Main Level Sq Ft: 1268
  • Total Office Den: 0
  • Upper Level Sq Ft: 704

Exterior Features

  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Parking: On Street, Paved

Utilities

  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: City of Durango
  • Water Supplier: City of Durango

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Tenant Pays: Electric, Gas, Trash
  • Furnished: Unfurnished

Multi Family

  • No. of Units: 2

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Park K-5
  • Middle School: Escalante 6-8

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $2,980 $56,460 $23,620 $32,840
2025 $2,182 $56,270 $23,540 $32,730
2024 $1,856 $46,190 $17,600 $28,590
2023 $1,856 $49,340 $18,800 $30,540
2022 $1,589 $50,620 $19,290 $31,330
2021 $1,631 $41,100 $16,960 $24,140
2020 $1,517 $39,450 $16,730 $22,720
2019 $1,451 $39,450 $16,730 $22,720
2018 $1,350 $37,160 $15,850 $21,310
2017 $1,320 $37,160 $15,850 $21,310
2016 $1,199 $36,800 $15,150 $21,650
2015 $1,124 $36,800 $15,150 $21,650
2014 -- $33,110 $14,560 $18,550
2013 -- $33,110 $14,560 $18,550
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/13/2026 07/13/26 Price Changed $725,000 -3.3% $368 / Sq Ft
04/07/2026 04/07/26 Price Changed $750,000 -3.8% $380 / Sq Ft
01/31/2026 01/31/26 Price Changed $780,000 -2.4% $396 / Sq Ft
12/16/2025 12/16/25 Price Changed $799,000 -6.0% $405 / Sq Ft
12/02/2025 12/02/25 For Sale $850,000 -- $431 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Special Warranty Deed -- --
Interfamily Deed Transfer -- None Available
Warranty Deed $470,000 None Available
Warranty Deed $352,500 Colorado Land Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $356,250 New Conventional
Previous Owner $376,000 Credit Line Revolving
Previous Owner $52,500 Stand Alone Second
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 830228

Colorado Real Estate Network (CREN)

APN: 5665-293-29-023

Colorado La Plata County Durango 81301 So Co

562 E 1st St, Durango, CO

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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Christine Serwe
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Christine Serwe
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Wells Group Real Estate
(970) 514-9570
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