Sold
Last Sold Price
6 beds2,319 sqft$207/sqft
522-526 Miami Rd, Montrose, CO 81401
Multi FamilyProperty Type
0.35 acresLot Size
2019Year Built
$207/sq ftPrice per sq ft
6 carsParking Spaces

Description

Fabulous, newer 2-unit duplex that looks and feels like 2 single family homes, each with private, fenced yards, separate entrances, and independent utilities. Superb location in the heart of Montrose with easy access to schools, restaurants, groceries, and the hospital. This is a fantastic opportunity for an investor looking for solid cash flow or full-time owner to occupy one home and have the income of the other to offset the expenses of both. The front home (522 E. Miami) was originally built...Fabulous, newer 2-unit duplex that looks and feels like 2 single family homes, each with private, fenced yards, separate entrances, and independent utilities. Superb location in the heart of Montrose with easy access to schools, restaurants, groceries, and the hospital. This is a fantastic opportunity for an investor looking for solid cash flow or full-time owner to occupy one home and have the income of the other to offset the expenses of both. The front home (522 E. Miami) was originally built in the early 1900's and fully renovated in 2019 boasts approx. 1,356sf with 3 bedrooms/2 baths and an attached garage. This home, sold unfurnished, is currently rented long-term with the current lease expiring 6/1/21. The rear home (526 E. Miami), sold furnished with exclusions, was built from the ground up in 2019 and also features 3 Bedrooms/2 baths with just under 1,000sf and a detached garage. This home is currently rented on a short-term basis. Please call for details. Seller is CO licensed broker associate.
  • Listed by: James Ossola • LIV Sotheby's International Realty - Telluride
Listing closed: 04/08/2021 06:00 PM • Source: CRENMLS, MLS#: 779192

Recent comparable sales

Median sold price

$465,000

Avg days on market

77

Sale-to-list ratio

98.0%

Montrose, CO

9 comparable properties found

$625,000 | 2131 Mead Lane, Unit A & B, Montrose, CO 81401
1/45
1

$625,000

Sold 06/12/26

6
Bedrooms
2,726
Square Feet
0.29
Acres
a black and white photo of a living room
1/2
2

$620,000

Sold 07/09/25

6
Bedrooms
2,600
Square Feet
0.25
Acres
a car parked in front of a house
1/29
3

$575,000

Sold 10/31/24

4
Bedrooms
2,205
Square Feet
0.49
Acres
a front view of a house with a garden
1/33
4

$375,000

Sold 01/10/25

5
Bedrooms
2,123
Square Feet
0.11
Acres
a front view of a house with a yard and a garden
1/35
5

$463,000

Sold 10/15/24

5
Bedrooms
2,497
Square Feet
0.2
Acres
a view of a house with a yard and garage
1/38
6

$485,000

Sold 07/14/26

5
Bedrooms
2,658
Square Feet
0.19
Acres
7

$445,000

Sold 10/31/25

5
Bedrooms
3
Bathrooms
2,304
Square Feet
1.35
Acres
a front view of house with a garden
1/40
8

$419,000

Sold 09/22/25

5
Bedrooms
2,408
Square Feet
0.17
Acres
a view of storage and utility room with washer and dryer
1/41
9

$465,000

Sold 03/02/26

5
Bedrooms
1,886
Square Feet
0.17
Acres

Location

Listing Courtesy of LIV Sotheby's International Realty - Telluride, James Ossola

Sold By Keller Williams Colorado West Realty, Diana Atha Team

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Property Information for 522-526 Miami Road

Property Details
  • Taxes: $1,702 / year
  • MLS Type: MULTIFAMILY / Duplex
  • Water Front: No
  • Subdv Name: None
Building Information
  • Residences: 2
  • Year Built: 2019
  • Lot Size: 0.35 AC / 15,246 SF
Summary
Location and General Information
  • Year Remodeled: 2019
  • Directions: From Townsend, head east on S. 5th St. to E. Miami. Property borders the drive-in theatre.
Parking
  • Carport Y/N: No
  • Garage Type: Attached Garage
  • Garage Capacity: 2
  • Garage Y/N: Yes
  • Parking Spaces: 4
School Information
  • Elementary School: Cottonwood K-5
  • Middle School: Columbine 6-8
  • High School: Montrose 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 202
  • Total Taxes $: 1702.40
Property
Property and Assessments
  • FIPS Code: 08085
  • Legal/Lot Block: S: 27 T: 49 R: 9 BEG AT NE COR LT 3 SEC 27-49-9 TH S 177.5FT TH W 89FT TH N 177.5FT TH E 89FT TO POB CONT .87AMOL
  • Photo Count: 27
  • New Construction Y/N: No
  • Covenants Y/N: NO
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Parcel ID #: 3.76727401003E11
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: 2
  • Total # Gas Meters: 2
  • Total # Electric Meters: 2
  • Water Well: No
Multi Family
Multi-Family Information
  • Multi Story: No
  • # of Units: 2
  • Property Mngr: Self
Income & Expenses Information
  • Gross Scheduled Income $: $45,433.00
  • Cap Rate Percent: 7.00%
  • Net Operating Income $: $32,753.00
  • Gross Annual Expenses $: $12,680.00
Unit 1 Information
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Baths: 2
  • Unit 1 Monthly Rent$: 1,200
  • Unit 1 Square Feet: 1356.0
Unit 2 Information
  • Unit 2 # Bedrooms: 3
  • Unit 2 # Baths: 2
  • Unit 2 Monthly Rent$: 2586
  • Unit 2 Square Feet: 963.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 2
  • 1/4 Baths: 0
  • Total Baths: 4.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Partially Furnished
Exterior Features
  • Horse Setup: No

Property History for 522-526 Miami Road

DateEvent & SourcePriceAppreciation
Apr 8, 2021

Sold

CRENMLS #779192

$479,000
Mar 3, 2021

Pending

CRENMLS #779192

Mar 3, 2021

Listed (Active)

CRENMLS #779192

DateEvent & SourcePrice
04/08/2021

Sold

CRENMLS #779192

$479,000
03/03/2021

Pending

CRENMLS #779192

03/03/2021

Listed (Active)

CRENMLS #779192

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

Schools near 522-526 Miami Road

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

Centennial Middle School
Public6 to 8

Montrose High School
Public9 to 12

Olathe Middle School
Public6 to 8

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 522-526 Miami Road, Montrose, CO 81401
$479,000
6
2,319
15,246
$479,000
3
2
1,222
15,246
3
1
1,516
18,000
5,331
35,719
2
2,040
18,000
$339,000
3
1,979
12,196

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LIV Sotheby's International Realty - Telluride, James Ossola

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.