$895,000

853 E College Dr Durango, CO 81301

The Grid Neighborhood

Estimated payment $4,849/month

Total Views 6,366
6 Beds
4 Baths
2,132 Sq Ft
$420 Price per Sq Ft

About This Home

This home is located at 853 E College Dr, Durango, CO 81301 and is currently priced at $895,000, approximately $419 per square foot. This property was built in 1907. 853 E College Dr is a home located in La Plata County with nearby schools including Park Elementary School, Escalante Middle School, and Durango High School.

Listing Agent

Mike McAliney

Harmony Real Estate, LLC Listed on: 06/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,856

Year Built

  • Built in 1907

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • 2,132 Sq Ft Home
  • 2-Story Property

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), common area maintenance, snow removal
  • Assessor Parcel Number 566529400017

Community Details

Overview

  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $20,214
  • Gross Income $69,741
  • Net Operating Income $49,527

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,856

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Estimated Total Acres: 0.2
  • Class: Multifamily
  • Em Deposit: 10000
  • Em Holder: Title Company
  • Legal Lot Block: Section: 29 Township: 35 Range: 6 TR IN N/2 SE/4 853 E COLLEGE DR DURANGO 81301
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 566529400017
  • Price Per Sq Ft: 419.79
  • Residence Stories: Two Story
  • Sale/Rent: For Sale
  • Street Designation: Drive
  • Tax Account Id: R010793
  • Zoning: Residential Multi Family
  • Cap Rate Percent: 5.5
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Electric Baseboard, Forced Air
  • Landlord Pays: Building Insurance, Real Estate Taxes, Ext Maintenance (Bldg), Common Area Maintenance, Snow Removal
  • Multi Story: Yes
  • Property Mngr: Yes
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Water Meters: 1
  • Type: Fourplex
  • Total Taxes Dollar: 1855.60
  • Year Built: 1907
  • Prop Description Remarks: Excellent location close to downtown and Fort Lewis College. Easy to keep rented. Fenced back yard and some off street parking. Priced at a 5.50% cap rate and $223,750/unit. 2023 and 2024 financials are available. Tenants pay all utilities.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1074

Interior Features

  • Estimated Total Sq Ft: 2132
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 3
  • Total Bathrooms: 4
  • Total Office Den: 0

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, Water/Sewer, Trash
  • Furnished: Unfurnished

Multi Family

  • No. of Units: 4
  • Gross Annual Expenses: 20214
  • Gross Scheduled Income: 69741
  • Net Operating Income: 49527

Tax Info

  • Tax Year: 2025

MLS Schools

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

Map

Range of Values:

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List Price
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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 List to Sale Price per Sq Ft
06/03/2025 06/03/25 For Sale $895,000 -- $420 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Source: Colorado Real Estate Network (CREN)

MLS Number: 824970

Colorado Real Estate Network (CREN)

APN: 5665-294-00-017

Colorado La Plata County Durango 81301 The Grid

853 E College Dr, Durango, CO

For Sale

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Nearby Homes
Listing Agent
Mike McAliney
Section Image
Harmony Real Estate, LLC
(970) 638-8412