2091 Locust Rd

Montrose, CO 81401

$1,099,000
Price
—
Beds
—
Baths
4,903 Sq. Ft.
$224 / Sq. Ft.
4,903
Sq. Ft.
$224
per Sq. Ft.
a front view of a house with a yard and garage
a view of a lake with a yard
a house view with a street light and a tree
a front view of a house with a yard and garage
a front view of house with yard and trees
an aerial view of a house with a yard
an empty room with wooden floor and windows
a kitchen with a stove and a refrigerator
an empty room with windows
a bathroom with a sink a toilet and shower
a living room with furniture and a flat screen tv
a living room with stainless steel appliances kitchen island granite countertop furniture and a kitchen view
a living room with furniture
a living room with furniture and a rug
a very nice looking living room with a rug
a picture of a bathroom with a white vanity
a bathroom with a tub and shower
a bedroom with a bed and a window
a view of a hallway with entryway and wooden floor
an empty room with wooden floor and a ceiling fan
a living room with furniture and a window
wooden floor in an empty room with a window
a view of workspace with window
a view of room with furniture and a window
a kitchen with a sink stove and refrigerator
a view of a hallway with wooden shelves
an empty room with windows and closet
an empty room with windows and closet
a bathroom with a sink toilet and shower
a view of an empty room with window and wooden floor
a bedroom with a bed and wooden floor
a work room with furniture and a window
a view of a dining room with furniture
a view of a workspace with furniture and toys
a room with furniture a flat screen tv and a stove
a bed room with a bed and a closet
a bathroom with a sink toilet and shower
an aerial view of a house with a garden and lake view
an aerial view of a city with ocean view
a view of a city street view with ocean view
an aerial view of a house
an aerial view of a house
an aerial view of a city with lots of residential buildings ocean and mountain view in back
an aerial view of a city with lots of residential buildings
an aerial view of a house with a yard

Description

Discover a rare multifamily investment opportunity in the heart of Montrose, Colorado. 2091 Locust Drive is a well-maintained property zoned R-4 High Density Residential, the city’s most flexible residential designation, which allows for a wide range of multifamily uses and provides significant long-term development potential. This property currently features multiple rental units with established tenancy, offering stable cash flow from day one. Each unit is thoughtfully designed with private entrances,...Discover a rare multifamily investment opportunity in the heart of Montrose, Colorado. 2091 Locust Drive is a well-maintained property zoned R-4 High Density Residential, the city’s most flexible residential designation, which allows for a wide range of multifamily uses and provides significant long-term development potential. This property currently features multiple rental units with established tenancy, offering stable cash flow from day one. Each unit is thoughtfully designed with private entrances, functional floorplans, and the convenience of off-street parking. The layout supports tenant privacy and easy living while allowing for efficient management. With Montrose’s strong demand for rental housing, this asset is well-positioned to remain a consistent performer in an increasingly supply-constrained market. The location is one of the property’s strongest features. Tenants benefit from a central setting just minutes from downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services. Outdoor recreation is close at hand with nearby parks, walking trails, and the Uncompahgre River corridor. Residents enjoy a balance of small-town community lifestyle with easy access to world-class amenities in Telluride, Ouray, and the San Juan Mountains. For investors, Montrose represents one of Colorado’s most promising growth markets. The city continues to attract new residents seeking quality of life, affordability, and year-round recreation. Vacancy rates remain historically low, while demand for workforce and multifamily housing continues to rise. Zoned R-4, 2091 Locust Drive not only offers immediate income but also the flexibility to pursue additional units, redevelopment, or expansion in the future, subject to city approval. Investment Highlights - R-4 High Density Residential zoning — flexible for multifamily and redevelopment - Multiple units with established tenancy providing immediate cash flow - Off-street parking and private unit entrances - Prime location near downtown, schools, shopping, and Montrose Regional Airport - Strong tenant demand and historically low vacancy rates in Montrose - Positioned for long-term upside with growth in population and housing needs Whether you are expanding an existing portfolio or entering the multifamily investment space, 2091 Locust Drive offers a rare opportunity to secure a performing asset with both current income and future growth potential.

Property Details for 2091 Locust Road

Water Front
No
Zoning
Residential Multi Family
Subdv Name
Other
LISTING UPDATED: 12/16/2025 11:15 AM

Property Details for 2091 Locust Road

StatusActive
MLS #828244
Days on Market114
Taxes$2,153 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Fourplex
Year Built1932
Lot Size2.54 AC / 110,642 SF
CountyMontrose County

Location

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC - Montrose, Colleen Aller
Add your commute

Building Information for 2091 Locust Road

Stories-Residences4Year Built1932Building Size-Lot Size2.54 AC / 110,642 SF

Payment Calculator

$5,610 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,431

Property Taxes

$179

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2091 Locust Road

Summary
Location and General Information
  • Directions: From Main and Townsend: Go east on Main Street 1.7 miles and turn left on Locust Rd. just past Jimmer's. Travel 1.3 miles. The property is on the left just after you cross 6600 rd.
Parking
  • Carport Y/N: No
  • Garage Y/N: No
School Information
  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8
  • High School: Montrose 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2024
  • Total Taxes $: 2152.92
Property
Property and Assessments
  • FIPS Code: 08085
  • Legal/Lot Block: Subd: ENDERICH MINOR SUBD Lot: 2 Sixteenth: NW Quarter: SW S: 23 T: 49 R: 9
  • Photo Count: 45
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: MONTROSE ASSOCIATION OF REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: Yes
  • Parcel ID #: 3.76723305901E11
  • SqFt Source: Assessor
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
  • Water Well: No
Multi Family
Multi-Family Information
  • Multi Story: No
  • # of Units: 4
Income & Expenses Information
  • Gross Scheduled Income $: $90,600.00
Unit 1 Information
  • Unit 1 Monthly Rent$: 1,850
Unit 2 Information
  • Unit 2 Monthly Rent$: 2,000
Unit 3 Information
  • Unit 3 Monthly Rent$: 1,750
Unit 4 Information
  • Unit 4 Monthly Rent$: 1,950
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: .00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
Exterior Features
  • Horse Setup: No

Property History for 2091 Locust Road

DateEvent & SourcePriceAppreciation
Dec 16, 2025

Price Change

CRENMLS #828244

$1,099,000—
Sep 4, 2025

Price Change

CRENMLS #828244

$1,200,000—
Sep 4, 2025

Listed (Active)

CRENMLS #828244

$1,099,000—
Dec 13, 2010

Withdrawn

CRENMLS #642691

—
Dec 10, 2010

Sold

CRENMLS #630381

$130,000—
Dec 9, 2010

Sold (Public Record)

Public Record #1111787159

$130,000—
Nov 30, 2010

Pending

CRENMLS #630381

—
Aug 4, 2009

Listed (Active)

CRENMLS #642691

$160,000—
Jul 30, 2009

Listed (Active)

CRENMLS #630381

$160,000—
DateEvent & SourcePrice
12/16/2025

Price Change

CRENMLS #828244

$1,099,000
09/04/2025

Price Change

CRENMLS #828244

$1,200,000
09/04/2025

Listed (Active)

CRENMLS #828244

$1,099,000
12/13/2010

Withdrawn

CRENMLS #642691

—
12/10/2010

Sold

CRENMLS #630381

$130,000
12/09/2010

Sold (Public Record)

Public Record #1111787159

$130,000
11/30/2010

Pending

CRENMLS #630381

—
08/04/2009

Listed (Active)

CRENMLS #642691

$160,000
07/30/2009

Listed (Active)

CRENMLS #630381

$160,000

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

Public Records for 2091 Locust Road

Taxable ValueLand$6,030Additions$23,840Total$29,870
Tax Record2024$2,153 ($179 / month)
Home Facts
Total Finished SqFt4,243 SqFtAbove Grade Finished SqFt4,243 SqFtStories1Lot Size110,817 SqFtStyleMulti-Family Res (5+ Units)Year Built1932CountyMONTROSEAPN3767-233-05-901

Schools near 2091 Locust Road

This home is within Montrose County Re-1j School District.
Rating
School
Type
Grades
Distance
Johnson Elementary School
Public - PK to 5
Centennial Middle School
Public - 6 to 8
Montrose High School
Public - 9 to 12
Peak Virtual Academy
Public - K to 12
Rating
School
Distance
Johnson Elementary School
PublicPK to 5

Centennial Middle School
Public6 to 8

Montrose High School
Public9 to 12

Peak Virtual Academy
PublicK to 12

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

Explore Nearby Homes

More information about 2091 Locust Road, Montrose, CO 81401

2091 Locust Road is a multi-family home for sale in Montrose, CO 81401. This property was listed for sale on September 5, 2025 by Keller Williams Realty Southwest Associates, LLC - Montrose, it's currently listed at $1,099,000. It has been on the market for a total of 114 days and was last sold on December 10, 2010. This listing's school district is Montrose County Re-1j School District. Nearby schools include Johnson Elementary School, Centennial Middle School and Montrose High School. 2091 Locust Road is a 0-bed, 0-bath, 4,903 sqft multi-family home built in 1932.

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 Keller Williams Realty Southwest Associates, LLC - Montrose, Colleen Aller

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.