439 E 4th Ave, Durango, CO 81301

Property Description

Downtown Durango Investment Opportunity | 5-Unit Residential Multiplex! This is a classic downtown home, converted into a charming 5-plex. Built in 1892, according to historic records, this home was a residence and boarding house for Swedish immigrants. Much of the Victorian charm has been preserved over the years while most recent renovations give a nod to an artistic aesthetic with exposed wood, brick, and original features. Each unit has built-in sleeping lofts or raised sleeping nooks and include kitchenettes and washers. Outside, the backyard is a communal space and each tenant has space to use in the garden. The quiet street, walking-distance to downtown and functional units make this a highly desirable rental which, over the last 9 years has had a zero vacancy rate. The home has been pre-inspected and the report is available upon request. The sewer main was re-lined in 2024 and has a 50 year warranty. Given the residential nature of the neighborhood, a motivated buyer may consider converting this house into a lovely single-family residence.