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1016 & 1018 S 4th Street, 
Montrose, CO 81401

$655,000

4

Beds

2

Baths

1,792

Sq Ft

Single Family

Active

Listed by

Isaiah Perez

Keller Williams Realty Southwest Associates, LLC. - Montrose

970-596-0870

Last updated:

November 9, 2026, 03:22 PM

MLS#

840239

Source:

CO CREN

About This Home

1016 & 1018 S 4th Street

PRIME LOCATION. INCOME POTENTIAL. FUTURE DEVELOPMENT OPPORTUNITY. Positioned next to Montrose Regional Health and Centennial Middle School, this duplex offers an exceptional opportunity for homeowners, investors, and developers alike. Located within Montrose's REDO District and zoned R-4 High Density Residential, this property offers the potential for up to 5 total residential units, including the existing duplex. Whether you're looking to house hack by living in one unit and renting the other, expand your multifamily investment portfolio, or explore the opportunity to develop three additional units, this property offers the best of both worlds. Live in it. Invest in it. Develop it. Take advantage of a prime Montrose location with immediate rental potential and future development possibilities. Additional units are subject to applicable City approvals and development requirements. Buyer to independently verify all zoning, permitted uses, development potential, density allowances, and applicable requirements with the City of Montrose and relevant authorities. All proposed uses and additional units are subject to applicable approvals.

Home Facts

Single Family

2 Baths

4 Bedrooms

Built in 1978

Subdivision & Development:

Loutsenhizer Addn

Price Summary

655,000

$365 per Sq. Ft.

MLS #:

840239

Last Updated:

November 9, 2026, 03:22 PM

Added:

4 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,792 Sq. Ft.

Structure

Structure

Building Area:

1,792 Sq. Ft.

Year Built:

1978

Lot

Lot Size (Sq. Ft):

9,583

Finances & Disclosures

Finances

Price:

$655,000

Price per Sq. Ft:

$365 per Sq. Ft.

MLS Logo
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought. WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL. 2026 by COLORADO REAL ESTATE NETWORK” 121 Park Avenue #4 MONTROSE, CO 81401 USA ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN). PUBLISHERS NOTE: All information is deemed reliable by is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex,, handicap, familial status, or national origin. Please check with your local government agency for more information. CO CREN Member Broker: Daniel Bishop

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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.