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470 Burns Ave., 
Ignacio, CO 81137

$715,000

—

Bed

12

Baths

5,760

Sq Ft

Multi-Family

Active

Listed by

Phil Schoon

Keller Williams Realty Southwest Associates, LLC.

970-247-3840

Last updated:

December 27, 2025, 03:14 PM

MLS#

829165

Source:

CO CREN

About This Home

470 Burns Ave.

470 Burns Ave., in Ignacio, Colorado, just 20 minutes south of Durango, is a stable multi family, income producing property. The property has six, two bedroom, one and one-half bath, 960 SF units. The apartment is centrally located in Ignacio and walking distance to schools, grocery store, restaurants, and more. Ignacio is the headquarters of the Southern Ute Indian Tribe which is currently the largest employer in La Plata County, and a multi faceted enterprise generating millions of dollars each year for La Plata and Archuleta Counties. Ignacio, and specifically 470 Burns Ave., offers affordable housing solutions for locals and their families. Operating at nearly 100% occupancy, 12 months out of the year, 470 Burns is a very stable investment opportunity offering an nearly 6.6% cap rate, making it a compelling investment alternative to treasury bonds or stocks. If interested, call your preferred local realtor for more information.

Home Facts

Multi-Family

12 Baths

Built in 1973

Price Summary

715,000

$124 per Sq. Ft.

MLS #:

829165

Last Updated:

December 27, 2025, 03:14 PM

Added:

2 month(s) ago

Rooms & Interior

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

6

Interior

Living Area:

5,760 Sq. Ft.

Structure

Structure

Building Area:

5,760 Sq. Ft.

Year Built:

1973

Lot

Lot Size (Sq. Ft):

19,166

Finances & Disclosures

Finances

Price:

$715,000

Price per Sq. Ft:

$124 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.