About This Home

This 0-bedroom, 2-bathroom residential multi family at 562 E 1st Street in Durango, CO is listed for $725,000 ($368 per sqft). Built in 1931, the home offers 1,972 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1931
  • 0.19 acre lot

Property Details

2 full
1931
Listing Description

Christine Serwe, Wells Group Real Estate, O:,,: Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs.

Downstairs there are 2 bedrooms, an office and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other bedroom and office in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard.

Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom, 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval.

The property borders the Parkside Terrace townhomes, and the upstairs unit is currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

562 E 1st Street

Durango, CO 81301

Questions & Answers

This 0-bedroom, 2-bathroom residential multi family at 562 E 1st Street is listed at $725,000 ($368/sqft). The estimated monthly payment is $3,877 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1931, 0.19 acre lot.

This property is listed by Christine Serwe.

CS

Christine Serwe

Agent at The Wells Group of Durango, LLC

Listed by The Wells Group of Durango, LLC · Broker phone: (970) 259-6680 · View on Broker Site · Broker website

MLS# 830228· 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.

562 E 1st Street, Durango, CO 81301

Open this listing in: