610 East 3rd Avenue , Durango, CO 81301 - La Plata County

Offered at $1,850,000 with a 6% cap rate, this is a rare opportunity to own a six-unit multi-family investment property in the heart of downtown Durango. The property consists of a Victorian main home (built in 1895) featuring two apartments and a full 1300 SF basement plus a detached 4-plex (built in 1992) with a three-car garage and community laundry room. Each unit offers on-site parking, with a total of 7 dedicated parking spaces for tenant convenience. The property will bring in $11,100 in monthly income including rent from the 3 car garage and has benefited from recent capital improvements, including a new roof on the four-flex, HVAC systems, gas lines, and sewer updates. With MU-N mixed-use zoning and an unbeatable downtown location close to shops, restaurants, and public transit, this investment offers strong rental performance and excellent long-term flexibility. Perfect for a 1031 exchange or investor looking for an optimally located building. Zoning is MU-N Mixed Use. Per the City Planning Department, a business may be operated out of the property. Buyer to confirm requirements with the City. This is also in the Opportunity Zone. The parcel is a large double lot - hard to find in Durango!