Browse All Durango CO Multi-Family Properties for Sale

Exceptional multi-unit investment opportunity in Durango’s growing Grandview area! Situated on nearly 2 acres just minutes from Mercy Hospital and Three Springs, this fully rented fiveplex offers an established rental property with recent improvements throughout and an excellent location within one of La Plata County’s active development corridors. All five units have now been improved, with three units fully remodeled and the remaining two thoughtfully updated. The five residences are divided between two buildings, with two units in one structure and three in the other. The unit mix includes one 2-bedroom, 1-bath residence and four 1-bedroom, 1-bath residences, providing desirable smaller-footprint housing and a diversified rental configuration for an investor. The elevated property enjoys exceptional mountain views and nearly two acres of land, creating a surprisingly spacious setting while remaining convenient to Durango and nearby services. With all five units currently rented, improvements completed throughout the property, and continued residential and commercial activity in the surrounding Grandview and Three Springs areas, this is a unique opportunity to acquire an established multi-unit investment property in an evolving part of the Durango market.

195 Silverview Ln Unit 1-5, Durango

$875,000

2 Baths ⋅ 839485 MLS

A North Main Rarity: Iconic Multi-Use Property with Unmatched Potential. This 1,914 sq. ft. southwestern-style building, originally a single-family residence and currently serving as an office, offers exceptional potential for conversion into a multi-family property. The site is zoned multi-use arterial, with a duplex and townhomes among the approved uses; prospective owners should consult with a city planner to verify specific use transitions. Situated on a half-acre lot, the property features professional landscaping and extensive paved parking. Every detail—from the inviting gas fireplace to the immaculate exterior—demonstrates decades of dedicated maintenance, providing a historic and secure foundation for your future legacy in Durango. *Seller will consider owner financing*

3649 Main Ave, Durango

$750,000

3 Baths ⋅ 839249 MLS

Versatile duplex property located along North Main Avenue! This property offers a multitude of opportunities from the 1031 Exchange investor who would like to keep current tenants in place, to someone seeking to utilize the Main Avenue frontage for commercial or mixed use, to a complete redevelopment opportunity on a large 12,500 sq ft lot. Currently the property offers a generous parking lot, with the house hosting a main level 3-bedroom, 1 full bath rental, and lower level unit with an additional 3 bedrooms and 3/4 bath. The two rentals can be rented as one home, or separately with lock-off access, individual kitchens in place, and a shared back laundry room, accessible from both units. There is a non-conforming studio space on the north side. Great location just blocks away from Animas Mountain trailhead, Durango's Recreation Center, the Animas River Trail and River launch point, and walking distance to grocery stores and dining options.

3575 Main Ave, Durango

$379,000

837404 MLS

Versatile development opportunity for a multifamily project, or just a single family home, within the City limits with views of the Animas River and valley beyond. According to City Planning, this parcel could accommodate up to 4 townhomes (Buyer to verify). It is located adjacent to a transit stop and just down the street from Durango's Oxbow Park and Open Space Preserve with upcoming river trail extension to downtown. Atmos gas, electric, and city water and sewer are all readily available at the property line, and access can be provided directly from Animas View Drive. Seller already has a Geo-technical Engineering Study, and the LPEA Overhead Power Line has been relocated to open up multiple development opportunities on this parcel.

755 Animas View Dr, Durango

$3,495,000

9 Baths ⋅ 837300 MLS

28 unit apartment complex. Original designation was hotel/motel. Converted use over time to longer term rentals. Assessed as RES LND MULTI 9 + - 1125. Current ownership purchased in 2022 and has done extensive remodeling, repairs, new roof, significant electrical upgrades/repairs. Priced at a 6 cap. Great Durango Commercial Investment. Your tenants will enjoy the great in town location convenient to downtown, shops, restaurants, Fort Lewis College, Horse Gulch mountain biking and miles of hiking

350 E 8th Ave, Durango

$765,000

2 Baths ⋅ 836667 MLS

An exceptional downtown duplex offering the perfect combination of location, condition, and investment potential. This charming bungalow-style property has been thoughtfully updated while preserving its historic character, all within an easy walk of downtown Durango. Live in one unit while generating income from the other, or continue operating as a long-term rental in one of Durango's most desirable neighborhoods. Current rental rates are below market, offering potential for future income growth, with leases already in place for immediate cash flow. Originally built in 1898, this well-maintained property has benefited from numerous recent improvements, including a remodeled kitchen, updated bathrooms, new A/C, and a re-sleeved sewer main with a transferable 20-year warranty. The front bungalow offers one bedroom plus a bonus room, while the rear unit features one bedroom and beautiful wood flooring. Each residence includes its own washer and dryer, separate electric, natural gas, and water meters, an individual storage shed, and a privately fenced backyard with low-maintenance xeriscaping and mature trees, creating exceptional privacy for tenants or owners. Located just steps from restaurants, coffee shops, parks, schools, Fort Lewis College, and public transit, this property offers outstanding convenience and lifestyle appeal. Whether you're searching for a multigenerational living arrangement, a house-hacking opportunity, or a well-maintained investment with upside potential, this downtown duplex offers flexibility, convenience, and lasting value.

230 E 6th Ave, Durango

$749,999

2 Baths ⋅ 836334 MLS

- 1076 Animas View Drive | Durango, CO 81301 Two updated units. One exceptional opportunity. Located in the heart of the Animas Valley within Durango city limits, this duplex sits along the historic Durango & Silverton Narrow Gauge Railroad corridor on a shaded 0.19-acre lot with mature trees and a spacious backyard. 2200 Sq/ft total - Each side offers approximately 1,100 square feet with 2 bedrooms and 1 bathroom - significantly larger than many competing two-bedroom rentals in the Durango market. Recent improvements include fresh interior and exterior paint, new carpet, a new deck, and a newly paved asphalt driveway and parking area. Solid concrete-block construction and gas forced-air heat provide durability and low-maintenance ownership. The value proposition is simple: *Investment Property:* Rent both units for an estimated $3,700 to $4,000 per month based on current market rents. *House Hack:* Live in one unit while the second unit helps offset a substantial portion of your monthly payment. *Future Single-Family Home:* With minimal modifications, the property can function as a 4-bedroom, 2-bath residence, creating flexibility as your needs evolve. Comparable two-bedroom rentals throughout Durango are leasing between $1,900 and $2,500 per month. These units offer more square footage, recent updates, and a highly desirable location. Just minutes from the Animas River Trail, downtown Durango, restaurants, shopping, and recreation, this property combines immediate income potential with long-term flexibility in one of Southwest Colorado's most competitive rental markets. Whether you're looking to invest, occupy, or reposition for the future, opportunities like this are increasingly difficult to find. **Note - Window in upstairs kitchen is being replaced, window on order.

1076 Animas View Dr, Durango

$1,095,000

4 Baths ⋅ 836303 MLS

Excellent location close to downtown and Fort Lewis College. Fenced back yard and off street parking in the alley. Tenants pay all utilities.

558 E 4th Ave, Durango

$610,000

836165 MLS

Located in the Enterprise Zone, this parcel has excellent visibility from Highway 550 and easy access via the turn lane into Cascade Village. The parcel is perfect for a lodging development, hotel or a combination of hotel/lodging and activity center. With the volume of traffic passing by this location and the close proximity to Purgatory, as well as trail heads to Cascade Creek, Lime Creek, Spud Lake and many more, the recreation opportunities compliment the location for lodging.

TBD - Lot G Tbd -, Durango

TBD (Tract C) Tbd (Tract C) N Hwy, Durango

$2,600,000

836028 MLS

Located in the Enterprise Zone, this parcel has excellent visibility from Highway 550 and easy access directly across the Highway across from Cascade Village. The parcel is perfect for a lodging development, hotel or a combination of hotel/lodging and activity center. With the volume of traffic passing by this location and the close proximity to Purgatory, as well as trail heads to Cascade Creek, Lime Creek, Spud Lake and many more, the recreation opportunities compliment the location for lodging.

TBD (Tract C) Tbd (Tract C) N Hwy, Durango

$2,000,000

836027 MLS

This parcel has excellent visibility from Highway 550 and easy access via the turn lane into Cascade Village. The parcel is perfect for a lodging development, hotel or a combination of hotel/lodging and activity center. With the volume of traffic passing by this location and the close proximity to Purgatory, as well as trail heads to Cascade Creek, Lime Creek, Spud Lake and many more, the recreation opportunities compliment the location for lodging.

Tbd (Phase 1-A) N Hwy, Durango

$1,050,000

3 Baths ⋅ 835847 MLS

HISTORIC DOWNTOWN DURANGO INVESTMENT AND DEVELOPMENT OPPORTUNITY. Situated on a 9375 SF lot, enjoy easy access to the Animas River trail, Santa Rita park, hiking/biking trails, and the lively Durango Main Street with numerous restaurants and shops. With the current 1,668 SF duplex on the property, the City of Durango has approved an additional 3 units (total of 5) to be built on this multi-family lot with a ratio allotment of an additional 2550 SF of improvements. MAIN HOUSE. The main house boasts 3BR/2BA with many upgrades and remodel work by the current owner. RECENTLY NEW APPLIANCES. Remodel/upgrade work includes new wiring installation, meter, and panel. The oak floors were refinished with new trim and offer warmth and historic charm. In addition, the primary bathroom has been redone starting with the new tiled floor and much more. Other updates include custom built closets/cabinetry in the primary bedroom, guest bedroom and kitchen, new attic insulation, new hot water heater, replaced piping, new toilets, and new sub flooring in the bathrooms. A new deck with side access was added. Newly painted both inside and out! ATTACHED APARTMENT. This adorable 1BD/1BA unit has been updated and includes a brand new deck with side entry. This is a great source of supplemental income for an owner wishing to use the main house as a primary residence. GAZEBO AND HOT TUB. The owner has built a lovely gazebo in the back of the property to house a new hot tub in a private setting. EXTERIOR. Brand new paved driveway. Each unit has a yard, one parking space and plenty of off-street parking. The list of work done is extensive. Some of these include roof repairs, foundation repointing, some window replacements, new backyard fence and parking, new shed, and drainage work. The sewer line was cleaned, re-shaped, and includes a new blue liner. A Special Use Permit to operate a Multi-Unit Property in the EN-MF zone will need to be obtained by the new owner if additional units are built. With high demand for housing, particularly in town. Buyer to investigate on any development guidelines with the City of Durango. THIS IS A RARE OPPORTUNITY!

146 E 4th Ave, Durango

$1,100,000

3 Baths ⋅ 833211 MLS

This is a rare opportunity. Own a Victorian house in the heart of downtown Durango that includes a separate ADU. In total, this is a triplex, with three units and longtime tenants located close to all of the downtown amenities. SUCH AN AMAZING INVESTMENT! Live in the property and enjoy the supplement income. Each unit has been well cared for. They all have separate yards. Always maintained by the Seller. All units are 1 BR/ 1BA with a washer and dryer. They are adorable and low-maintenance. The property has historical charm as well as convenient access and parking. There have been many updates as well as. All tenants have a separate yard and mature landscaping/trees. This is a seasoned investment property with active leases. Please call for more information.

555 E 7th Ave, Durango

$2,900,000

832767 MLS

RARE opportunity to own a multi- family property on 4.1 acres with 400 feet of peaceful ANIMAS RIVER FRONTAGE! Directly downstream from Purple Cliffs Gold Medal fishing. Held by the same family for decades, this property is ideal for a private residence, generational living, passive income, 1031/721 exchange needs and has upside through rent increase to current market levels. Recent investments of approximately $40,000 include a new roof, exterior paint and a new river walkway.This well maintained property is fully rented and boasts a very strong rental history.Three separate buildings contain 9 seperate, individually metered dwelling units. Two studio apartments, four one bedroom apartments, a two bedroom apartment, a two bedroom house and a three bedroom house.Plus there is an 880 Sq. ft. shop building Enjoy tranquil, secluded living along the ANIMAS RIVER located just five miles south of historic downtown Durango.Tenants and owners can sit outsid eand enjoy the relaxing sounds that only a river front property offers. Don't miss this rare combination of versatility acreage, river frontage and location.

26814 Us Hwy 160 Unit Multiple, Durango

$725,000

2 Baths ⋅ 830228 MLS

Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs. Downstairs there are 2 bedrooms, an office and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other bedroom and office in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard. Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom, 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval. The property borders the Parkside Terrace townhomes, and the upstairs unit is currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.

562 E 1st St, Durango

$999,000

788059 MLS

Excellent development opportunity in-town Durango! This 2.33 acres lot is in the City Limits with easy access to water, sewer, and power. The City of Durango has this lot zoned for medium density that allows for 5 to 11 units per acre. Located off of a quiet street this lot offers a great opportunity for a multifamily development. Very convenient location; close to North Main Ave, North City Market, the river & river trail, and great restaurants.

170 Metz Ln, Durango

$2,400,000

821046 MLS

Unique opportunity to purchase the remainder of a shovel ready development located just steps from Downtown Durango,FLC and Hillcrest Golf Course. Utilities are to all lots. This offering consists of 5 duplex lots (10 townhomes) and 1 singlefamily home lot. With easy access to all Durango has to offer, the finished homes will certainly be very sought after.

Tbd Cedar Ridge Rd, Durango

$4,300,000

782226 MLS

This unique parcel is the largest infill privately owned parcel within City limits of Durango. The opportunities are boundless in that there are various benches on the property that would allow different residential products to be developed. Located conveniently on Florida Road, just 9/10th of a mile from the intersection of 3rd Avenue and 15th Street, close to Riverview Elementary School, shopping, and services as well. The views the La Platas and north up the Animas Valley are exceptional and the way the property is situated it also allows for stunning views of Animas Mountain, Perins Peak & even Missionary Ridge. The site, with the different levels, can provide great view corridors for the residential product as well as creating privacy once developed. There is City property along much of the boundaries as well as easy access to trail systems. This parcel has been in the same family ownership for many decades and is now available for someone to create one of Durango’s finest developments.

900 Florida Rd, Durango

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Durango Multi-Family Real Estate

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Browse All Durango CO Multi-Family Properties for Sale

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