Income-Producing Property in Downtown Cortez with Guest House! This downtown Cortez property offers excellent income potential with two separate residences on one landscaped lot. The property includes a 1,320 sq ft main home and a detached guest house, suitable for short-term or long-term rental income, multi-generational living, or use as a home office. The main house, built in the 1940s, includes 2 bedrooms and 2 bathrooms and reflects the craftsmanship of its era. Interior details include original hardwood floors, a wood beam and purlin ceiling, and abundant natural light. Updates include double-pane windows on the main level, preserved vintage windows upstairs, and an energy-efficient mini-split system for heating and cooling. The detached guest house offers approximately 490 sq ft plus a 105 sq ft loft, with 1 bedroom, 1 bathroom, a kitchenette, and in-unit laundry. It includes its own mini-split system, separate water tap, and legal rental approval from the City of Cortez, allowing flexibility as a rental, studio, or office. The landscaped yard supports an urban gardening setup with raised garden beds, established medicinal herbs such as lavender, elderberry, hibiscus, primrose, and echinacea, and a variety of native plants. Fruit trees include apricot, plum, and cherry, along with grapes and currants, creating a productive urban food forest. A water-efficient drip irrigation system supports low-maintenance upkeep. A rare opportunity for a versatile, income-producing property in the heart of Cortez.