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33889003
33889029

3226 West 4th Avenue, Durango, CO 81301

KS
CO FA40047489
Legacy Properties West Sotheby's Int. Realty
Listed by Legacy Properties West Sotheby's Int. Realty
$1,050,000
8 days on market
Updated 8 days ago

Durango Duplex 3226 & 3228 W 4th Ave

Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing (+1)
Square Footage 3,888
Net Rentable (SqFt) 3,888
Units 2
Beds 7
NOI $60,507
Tenancy Single
Rent Bumps Yes
Pro-Forma NOI $60,507
Year Built 1980
Year Renovated 2024
Buildings 1
Stories 2
Acreage 0.280
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.06

Duplex - 3BR/3BA and 4BR/4 BA

Marketing description

ATTENTION INVESTORS & HOUSE-HACKERS: Opportunities to acquire a cash-flowing, turn-key multifamily asset with gross income of $6,400 per month ($3,600/mo North Unit; $2,800/mo South Unit) are increasingly rare in-town. This well-maintained duplex features no HOA restrictions, a 30-day minimum rental allowance for maximum strategy flexibility, and a massive $50,000 capital improvement upgrade in 2024 that includes new luxury vinyl plank flooring, fresh interior paint, updated lighting, new blinds, new toilets, some new windows, and upgraded appliances (new dishwashers, refrigerator, and dryer). Boasting low CapEx risk, the property also features new main roofs from 2019 and new carport roofs from 2024. The expansive 2,448 sq ft North Unit (4 BR/3.5 BA with a 2004 addition) and the highly rentable 1,440 sq ft South Unit (3 BR/2.5 BA) both enjoy east-facing decks with sweeping Animas River Valley views, a shared view-centric backyard with a fire pit, dedicated carport parking, and outdoor storage sheds. Situated in a premier, zero-vacancy location just half a block from the Animas Mountain Trailhead, three blocks from the Animas River, walking distance to North City Market, and a short drive to downtown Durango and Purgatory Resort, this asset is primed for a pure buy-and-hold or a luxury house-hack.

Investment highlights

ATTENTION INVESTORS & HOUSE-HACKERS: Opportunities to acquire a cash-flowing, turn-key multifamily asset with gross income of $6,400 per month ($3,600/mo North Unit; $2,800/mo South Unit) are increasingly rare in-town. This well-maintained duplex features no HOA restrictions, a 30-day minimum rental allowance for maximum strategy flexibility, and a massive $50,000 capital improvement upgrade in 2024 that includes new luxury vinyl plank flooring, fresh interior paint, updated lighting, new blinds, new toilets, some new windows, and upgraded appliances (new dishwashers, refrigerator, and dryer). Boasting low CapEx risk, the property also features new main roofs from 2019 and new carport roofs from 2024. The expansive 2,448 sq ft North Unit (4 BR/3.5 BA with a 2004 addition) and the highly rentable 1,440 sq ft South Unit (3 BR/2.5 BA) both enjoy east-facing decks with sweeping Animas River Valley views, a shared view-centric backyard with a fire pit, dedicated carport parking, and outdoor storage sheds. Situated in a premier, zero-vacancy location just half a block from the Animas Mountain Trailhead, three blocks from the Animas River, walking distance to North City Market, and a short drive to downtown Durango and Purgatory Resort, this asset is primed for a pure buy-and-hold or a luxury house-hack.

Listing Contacts

KS
CO FA40047489
Legacy Properties West Sotheby's Int. Realty
Listed by Legacy Properties West Sotheby's Int. Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,507.00
$5,042.25/mo

Valuation Metrics

0
DSCR
5.76%
Cap Rate
5.76%
ROI

Map

Zoning

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EN-2 SpecialEstablished Neighborhood 2nd And 3rd Avenues
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Katie Sturm
License
FA40047489
Brokerage Phone
9707993975
Brokerage Address
743 Main Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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