About This Home

This 3-bedroom, 2-bathroom single family at 1036 & 1038 S 1st Street in Montrose, CO is listed for $639,000 ($388 per sqft). the home offers 1,648 sqft of living space on a 0.14 acres lot.

Key Features

  • 0.14 acre lot

Property Details

2-car garage
Listing Description

Shawn Carroll, NextHome Virtual, O:,,: A truly turnkey investment opportunity in the heart of downtown Montrose! This charming property offers a 2-bedroom, 1-bath 856sf main home plus a 1-bedroom, 1-bath 792sf ADU above a detached 2-car garage. Both come fully furnished-including everything from the furniture to linens and dishes-creating an easy opportunity to live in one and rent the other or add to your investment portfolio immediately!

The main home offers great character and comfort with a welcoming covered front porch, hardwood floors, a dedicated dining room, and a thoughtfully updated kitchen and bath. A fully fenced backyard provides private outdoor space and the furnace and water heater, replaced in 2024, as well as the metal roof offer peace of mind.

All appliances are included: gas range/oven, refrigerator, dishwasher, microwave, washer, and dryer. The fully furnished ADU provides an inviting retreat with its own full kitchen, 3/4 bathroom and an abundance of natural light. An electric range/oven, refrigerator, dishwasher, microwave and stackable washer and dryer are also included. With two separate living spaces, garage storage, and a downtown location convenient to local shops and dining, this property brings together charm, flexibility, and investment potential.

Monthly Cost Estimate

$3,418/mo

20% down · 6.5% · 30 years

Principal$462
Interest$2,769
Insurance$186

Estimates only. Actual payments may vary.

Location

1036 & 1038 S 1st Street

Montrose, CO 81403

Questions & Answers

This 3-bedroom, 2-bathroom single family at 1036 & 1038 S 1st Street is listed at $639,000 ($388/sqft). The estimated monthly payment is $3,417 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.14 acre lot.

This property is listed by Shawn Carroll.

SC

Shawn Carroll

Agent at NextHome Virtual

Listed by NextHome Virtual · Broker phone: (970) 258-9300 · View on Broker Site · Broker website

MLS# 839969· Source: Colorado Real Estate Network Inc.· 3 days on PropertySimple

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1036 & 1038 S 1st Street, Montrose, CO 81403

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