1221 & 1221 1/2 S 3rd Street,Montrose, CO 81401
Montrose, CO 81401
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.
Details
| MLS # | 839245 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 38 |
| Listing Provided By | NextHome Virtual | Jennifer Johnson |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,474 |
| Story(s) | 2 |
| Zoning | Residential Single Family |
| Acreage | 0.22 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Evaporative Cooling |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Interior Features | Separate Formal Dining Room, Main Level Primary |
| Furnished | Unfurnished |
| Appliances | Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator |
Exterior
| Exterior Features | Shed |
|---|---|
| Roof | Composition |
| Construction Materials | Wood Frame, Stick Built |
| Foundation Details | Slab |
Parking
| Garage Yes / No | No |
|---|
Other
| List Aor | Montrose Association Of Realtors |
|---|
Taxes
| Property | 2793 |
|---|
Area Information
| State | CO |
|---|---|
| County | Montrose |
| City | Montrose |
| Zip Code | 81401 |
| Area | Montrose City |
| Community Name | Other |
| School District | Montrose 9-12 |
| Elementary School | Johnson K-5 |
| High School | Montrose 9-12 |
| Listing VS Median (in Other) | |
Price: $649,900 low | high Med: $559,500 sqft: 2,474 low | high Med: 1,684 $ / sqft: $263 low | high Med: $391 On site: 38 low | high Med: 128.5 | |
Market Activity 81401
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Learn More About This Property
| State | CO |
|---|---|
| County | Montrose |
| City | Montrose |
| Zip Code | 81401 |
| Area | Montrose City |
| Community Name | Other |
| School District | Montrose 9-12 |
| Elementary School | Johnson K-5 |
| High School | Montrose 9-12 |
| Listing VS Median (in Other) | |
Price: $649,900 low | high Med: $559,500 sqft: 2,474 low | high Med: 1,684 $ / sqft: $263 low | high Med: $391 On site: 38 low | high Med: 128.5 | |