543 S 5th Street, Montrose, CO 81401
543 S 5th Street, Montrose, CO 81401
543 S 5th Street, Montrose, CO 81401
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The Blackmore Group Group

The Blackmore Group Group

+1(970) 444-2431
$750,000
Est. payment /mo
5 Baths
3,779 SqFt
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Key Details

Property Type Commercial

Sub Type Multi-Use w/Res

Listing Status Active

Purchase Type For Sale

Square Footage 3,779 sqft

Price per Sqft $198

Subdivision Montrose City

MLS Listing ID 837948

Full Baths 2

Half Baths 1

Three Quarter Bath 2

Year Built 1900

Annual Tax Amount $3,212

Tax Year 2026

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Multi-Use w/Res

Property 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. Come discover this truly unique downtown property and imagine what it could become.

Location

State CO

County Montrose

Interior

Heating Hot Water Baseboard, Other

Cooling Other

Flooring Carpet, Tile, Wood

Furnishings Partially Furnished

Exterior

Parking Features Concrete, On Street, Off Street

Utilities Available Electric, Internet, Natural Gas, Water

Roof Type Composition

Building

Story 2

Foundation Basement-Finished, Basement-Walk-Out

Sewer Public Sewer Installed

Water Public

New Construction No

Others

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Colorado Real Estate Network (CREN) + Sold
Listed by NextHome Virtual

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543 S 5th Street

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The Blackmore Group Group

+1(970) 444-2431

ashley@ashleyblackmorehomes.com

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