# 6700 Road, Montrose, CO 81401

> **TL;DR:** residential multi family, $27,000,000 ($300/sqft), built 2027, 90,000 sqft. Est. $144,402/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $27,000,000 |
| Price/sqft | $300 |
| Square Feet | 90,000 |
| Year Built | 2027 |
| Lot Size | 580,655 sqft (13.33 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $136,527 |
| Estimated Insurance | $7,875 |
| **Total** | **$144,402** |

## Property Highlights

- Built in 2027
- 13.33 acre lot

## Description

### Agent Description
Debra Harmon, 20 Sleeps West Real Estate, C:,,: RARE $27 MILLION OPPORTUNITY ZONE MULTIFAMILY INVESTMENT - 96 PROPOSED RESIDENTIAL UNITS IN MONTROSE, COLORADO!An exceptional opportunity for qualified investors, developers, and investment groups seeking a substantial new-construction multifamily development within a currently designated Qualified Opportunity Zone. This TO-BE-BUILT residential community proposes approximately 90,000 square feet encompassing 96 apartments, including 24 one-bedroom units, 48 two-bedroom/two-bath units, and 24 three-bedroom/two-bath units. Planned features include stainless-steel appliances, in-unit washers and dryers, natural-gas heating, central air conditioning, private decks, individually metered utilities, and carport parking. Strategically positioned on a highly visible corner site across from an elementary school and conveniently located near downtown Montrose, this development offers the potential for long-term residential rental income, operational efficiencies, and asset appreciation. Of particular interest is the property's current Opportunity Zone location, which may provide significant federal capital-gains tax advantages for eligible investors through a properly structured qualifying investment. An outstanding opportunity to explore the development of a sizable multifamily asset in Western Colorado's regional hub. Offered at $27,000,000. TO BE BUILT. Development details and Opportunity Zone tax eligibility are subject to verification. Contact the broker for additional information.

## Location

- **Address:** 6700 Road, Montrose, CO 81401
- **County:** Montrose
- **Coordinates:** 38.49059144, -107.8398476
- **Google Maps:** https://www.google.com/maps?q=38.49059144,-107.8398476

## Listing Agent

- **Name:** Debra Harmon
- **Brokerage:** 20 Sleeps West Real Estate
- **Broker Phone:** (970) 901-8997
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/6700-Rd_Montrose_CO_81401_M99506-50436?f=listhub&s=CRENCO&m=840019&c=propsimple)

## Photos

![6700 Road - Photo 1](http://lh.rdcpix.com/4470567292b96c6e83a78a362b86e7f9l-f448595094r.jpg)

---

**MLS#:** 840019 | **Updated:** 2026-10-27
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/6700-road-montrose-co-81401-d39a852ea23344a3b82c6ad9c8ecd6b2)

---

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