$750,000
( $198.47Per Sq Foot )
 $4,026 est/mo Sourced by Back At You

543 S 5th Street,Montrose, CO 81401

Montrose, CO 81401

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Description

Rarely does a downtown property offer this much character, flexibility, and income-producing potential in one package. Built in 1900, this iconic brick property is distinguished by beautiful original arch work, a matching brick fence and gate, and an uncommon layout that already provides multiple living spaces-with additional potential for a third unit. The main residence offers just under 3400 square feet with 2300+ of that across the main and upper levels, plus a finished basement at just above 1000 square feet with its own separate entry, living and flexible sleeping spaces, and a 3/4 bath. Add a kitchenette in this ripe and ready space and capitalize on the potential for a third unit here! The already existing configuration provides tremendous versatility for a primary residence, multi-generational living, rental income, or an investment property with multiple potential revenue streams. Inside, historic craftsmanship takes center stage. Remarkable original Douglas fir millwork, including the banister and living room fireplace surround, complements metal accents and an eclectic blend of vintage and updated finishes. A spacious entry opens into the main living room, where a bay window and expansive leaded-glass windows fill the home with natural light. The separate dining room flows into a well-appointed kitchen featuring a large built-in refrigerator, gas range and oven, dishwasher, island, and beverage fridge.Down the hall are original built-ins, a powder room, and a generous den/flex space with exposed brick and abundant character. The adjoining laundry room provides direct access to the back deck and yard, complete with a fire pit, greenhouse, and one of two entrances to the property's accessory dwelling unit (ADU). Upstairs in the main home, three well-appointed bedrooms share a full hall bath, while the expansive primary suite offers a luxurious retreat with an attached bath featuring a clawfoot soaking tub, walk-in shower, and dual porcelain pedestal sinks. The primary walk-in closet includes built-ins and ample storage. Lovingly known as the "Bird House," the detached ADU adds even more versatility. Approximately 400 square feet on the main level plus an upper loft, it features a bunk room, functional kitchen, bathroom, and living area-all packed with character. The loft provides additional seating, sleeping, and workspace. For an investor, house hacker, multi-generational household, or owner seeking flexible space, the possibilities here are substantial. The existing layout already supports multiple uses, while the finished basement and overall configuration create intriguing potential for additional living or rental space. With its historic architecture, downtown location, existing ADU, finished basement, and rare multi-unit potential, this is far more than a distinctive home-it is an opportunity to own a piece of Montrose history with the flexibility to shape it around your investment strategy. Property cooling features mini-split systems. Come discover this truly unique downtown property and imagine what it could become.

Details

MLS #837948
Listing TypeFor Sale
StyleMixeduse
Sub-TypeResale
StatusActive
Year1900
Days On Site76
Listing Provided ByNextHome Virtual | Kerri Noonan-Inda

Features

Bath(s) 5 Total
SQ Feet3,779
BasementY
Story(s)2
Units2
ZoningMixed Use,Office
Acreage0.14

Interior

CoolingOther
Heating Yes / NoYes
HeatingBaseboard, Electric, Natural Gas, Other
FurnishedPartially

Exterior

RoofComposition
Foundation DetailsBasement

Parking

Parking FeaturesConcrete, Off Street, On Street

Utilities

UtilitiesElectricity Connected, Natural Gas Available, High Speed Internet Available, Water Available

Other

List AorMontrose Association Of Realtors

Taxes

Property3212

Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Community NameMontrose City
Listing VS Median (in Montrose City)
Price:
$750,000
low | high
Med:
$389,000
98.133333333333% of Average
sqft:
3,779
low | high
Med:
1,426
100% of Average
$ / sqft:
$198
low | high
Med:
$273
12.549696119682% of Average
On site:
76
low | high
Med:
26
100% of Average
Sourced by Back At You

Market Activity 81401

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Learn More About This Property

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Community NameMontrose City
Listing VS Median (in Montrose City)
Price:
$750,000
low | high
Med:
$389,000
98.133333333333% of Average
sqft:
3,779
low | high
Med:
1,426
100% of Average
$ / sqft:
$198
low | high
Med:
$273
12.549696119682% of Average
On site:
76
low | high
Med:
26
100% of Average
Sourced by Back At You
Listing Updated: October 19, 2026 at 8:44:53 AM PDT