new - 4 days on rocket

1145 S 5th St, Montrose, CO, 81401

$384,000

Home List Price

$4,560*

Closing Credit

2 Bedrooms
2 Full Baths
1,845 SqFt
$208/SqFt
House

Location

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1145 S 5th St, Montrose$384,000

Buyer Closing Credits

$4,560*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1948
HeatingNatural Gas, Heat Pump
CoolingCentral Air
MLS #820378
Lot Size0.51 Acres
StatusActive

About 1145 S 5th St

HUGE INVESTMENT OPPORTUNITY! This beautifully updated 1,845-square-foot home is a rare gem located in the heart of Montrose's vibrant ReDo District. Sitting on an expansive 2.5 city lots, this property offers both charm and opportunity with two rental units, each featuring 1 bedroom and 1 full bathroom. The main level is approximately 1113 unfurnished square feet and currently rents for $1700 a month. The upstairs unit is fully furnished including all appliances and furniture and currently rents for $1475 a month. The home has been thoughtfully modernized while preserving its original character, boasting stylish finishes, an open layout, and abundant natural light. The two rental units are equally well-appointed, providing ideal living spaces for tenants or extended family, with private entrances and a shared outdoor area. The large lot offers ample outdoor space, perfect for building another one or two units with room for entertaining, gardening, or even future expansion. Conveniently located near trendy shops, dining, and entertainment, this property is a unique investment opportunity in a sought-after neighborhood. Whether you're looking for a multi-family rental or a spacious home with income potential, this property checks all the boxes!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1948
  • Stories: 2
  • Living Area: 1,845 SqFt

Listing Office:

  • Office Name: Style Real Estate LLC
  • Listing Agent: Glenn Steil

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Washer, Dryer
  • Basement: No
  • Flooring Type: Carpet-Partial, Tile, Laminate
  • Interior: Window Coverings, Part Furnished

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Shed/Storage, Shed

Lot Features

Lot Information:

  • Lot Size: 0.51 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: US 550 to S 5th Street East to property on North side of road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $384,000
  • Price Per SqFt: $208/SqFt

Tax Information:

  • Annual Amount: $973
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Montrose, CO.

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Montrose, CO

City

Med. List Price

$547.3K

Med. Price/SqFt

$295

Avg. Days On Market

123

1145 S 5th St vs Montrose

4 DAYS ON ROCKET

-119 Days

$384,000

-$163.3K Less

$208/SqFt

-$87 Less

KEY TAKEAWAY

This property is $163.3K less than the Median List Price and $87/SqFt less than other homes in Montrose, CO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #820378

Listing Office:

  • Office Name: Style Real Estate LLC
  • Listing Agent: Glenn Steil

IDX SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

COPYRIGHT (2024) by COLORADO REAL ESTATE NETWORK, 121 N PARK AVENUE, SUITE# 4, MONTROSE, CO 81401 USA
ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).

Real Estate listings held by companies other than this brokerage contain that company's name.

Fair Housing Disclaimer
Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/15/2025, 9:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 25, 2018Home Sold
$145,000

Tax History

YEARPROP. TAXASSESSMENT
2021$973$14,500
2020$806$11,930
2019$826$11,930
2018$682$9,930
2017$717$9,930

History based on county public records data.

Payment Calculator

$1,984

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,218

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2567705
3
/10

  • Pomona Elementary School

  • 1045 S Cascade Ave

  • 0.69 miles

  • Public District Grades KG-5

school-card-donut-2567706
2
/10

  • Northside Elementary School

  • 528 N Uncompahgre Ave

  • 0.90 miles

  • Public District Grades KG-5

school-card-donut-2567707
3
/10

  • Johnson Elementary School

  • 13820 6700 Rd

  • 1.71 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,658. Typical income of Montrose, CO residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1145 S 5th St

What is the listing price of this property?

The listing price of 1145 S 5th St property is $384,000.

What type of property is this?

The property 1145 S 5th St is a house located in Montrose, Colorado, 81401.

Is this property for sale now?

Active Listing: 1145 S 5th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $973 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 25, 2018 for $145,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1145 S 5th St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1145 S 5th St is 1,845 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1145 S 5th St is 1948.

Rocket Homes›Colorado›Montrose County›Montrose›81401›1145 S 5th St

This home is located at 1145 S 5th St in Montrose, CO and zip code 81401. This 1,845 square foot home, which was built in 1948, sits on a 0.51 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $384,000.

Between November 2024 and December 2024, Montrose, CO real estate market has seen increase in the number of listings by 25.6%. While the average time on the market in December 2024 was 123 days, the median list price was $547,300.

From Rocket Homes Real Estate and based on county public records data.

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