145 S Madison St

$335,000
Price
6
Beds
2,489 Sq. Ft.
$135 / Sq. Ft.
2,489
Sq. Ft.
$135
per Sq. Ft.

Description

Great investment property with two homes giving a wise investor strong rental income. Very close to shopping and parks giving tenants great access to all Cortez has to offer. With the consistent rental demand that we see here in Cortez, this is an incredible opportunity to own a cash-flowing asset in a strong market.Great investment property with two homes giving a wise investor strong rental income. Very close to shopping and parks giving tenants great access to all Cortez has to offer. With the consistent rental demand that we see here in Cortez, this is an incredible opportunity to own a cash-flowing asset in a strong market.
  1. Listed by Cody Wells • Xtrov

Property Details for 145 South Madison Street

Water Front
No
Zoning
Residential Multi Family
Subdv Name
F R Coffins Addition
LISTING UPDATED: 05/16/2025 01:38 AM

Property Details for 145 South Madison Street

StatusActive
MLS #823954
Days on Market231
Taxes$1,003 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Duplex
Year Built1923
Lot Size0.16 AC / 6,969 SF
CountyMontezuma County

Location

Listing Courtesy of Xtrov, Cody Wells
Add your commute

Building Information for 145 South Madison Street

Stories-Residences2Year Built1923Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$1,739 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,655

Property Taxes

$84

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 145 South Madison Street

Summary
Location and General Information
  • Directions: Turn south onto Madison Street. The property will be on the right(West).
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • PARKING: Off Street, 2-10 Total Spaces
School Information
  • Elementary School: Kemper K-5
  • Middle School: Cortez 6-8
  • High School: Montezuma-Cortez 9-12
Taxes and HOA Information
  • Tax Account ID: R010009
  • HOA Y/N: No
  • Tax Year: 2024
  • Total Taxes $: 1003.20
Property
Property and Assessments
  • FIPS Code: 08083
  • Legal/Lot Block: Lot: 11-12 Block: 14 B509 P454 B512 P408 R/488651
  • Photo Count: 7
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: Four Corners Board of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than 1/2
  • Parcel ID #: 5.61126406006E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Total # Water Meters: 1
  • Total # Gas Meters: 2
  • Total # Electric Meters: 2
  • Domestic Water/Sewer: City Water, City Sewer
  • Metered: Metered for Electricity, Metered for Gas
  • Water Well: No
Multi Family
Multi-Family Information
  • Multi Story: Yes
  • # of Units: 2
  • Property Mngr: Xtrov
Unit 1 Information
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Baths: 2
  • Unit 1 Square Feet: 1236.0
Unit 2 Information
  • Unit 2 # Bedrooms: 3
  • Unit 2 # Baths: 1
  • Unit 2 Square Feet: 1253.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 1
  • 1/4 Baths: 0
  • Total Baths: 3.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Foundation/ Basement: Slab, Crawl Space
Exterior Features
  • Horse Setup: No
  • Roof: Composition
  • Siding: Wood

Property History for 145 South Madison Street

DateEvent & SourcePriceAppreciation
May 11, 2025

Listed (Active)

CRENMLS #823954

$335,000
May 16, 2019

Withdrawn

CRENMLS #750779

May 15, 2019

Sold

CRENMLS #750143

$180,000
Apr 27, 2019

Pending

CRENMLS #750143

Sep 17, 2018

Listed (Active)

CRENMLS #750779

$189,500
Sep 5, 2018

Listed (Active)

CRENMLS #750143

$189,500
Feb 15, 2015

Expired

CRENMLS #675681

Feb 4, 2013

Listed (Active)

CRENMLS #675681

$199,900
Nov 17, 2011

Expired

CRENMLS #635148

Nov 16, 2009

Listed (Active)

CRENMLS #635148

$249,900
DateEvent & SourcePrice
05/11/2025

Listed (Active)

CRENMLS #823954

$335,000
05/16/2019

Withdrawn

CRENMLS #750779

05/15/2019

Sold

CRENMLS #750143

$180,000
04/27/2019

Pending

CRENMLS #750143

09/17/2018

Listed (Active)

CRENMLS #750779

$189,500
09/05/2018

Listed (Active)

CRENMLS #750143

$189,500
02/15/2015

Expired

CRENMLS #675681

02/04/2013

Listed (Active)

CRENMLS #675681

$199,900
11/17/2011

Expired

CRENMLS #635148

11/16/2009

Listed (Active)

CRENMLS #635148

$249,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 145 South Madison Street

This home is within Montezuma-Cortez Re-1 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Manaugh Elementary School
PublicK to 5

Children's Kiva Montessori School
CharterK to 8

Montezuma-Cortez High School
Public9 to 12

Kemper Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

145 South Madison Street is a multi-family home for sale in Cortez, CO 81321. This property was listed for sale on May 12, 2025 by Xtrov, it's currently listed at $335,000. It has been on the market for a total of 231 days and was last sold on May 15, 2019. This listing's school district is Montezuma-Cortez Re-1 School District. Nearby schools include Manaugh Elementary School, Children's Kiva Montessori School and Montezuma-Cortez High School. 145 South Madison Street is a 6-bed, 3-bath, 2,489 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Xtrov, Cody Wells

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.