Price Reduction
Address
543 S 5th Street, Montrose, CO
Price
$ 750,000
Property Attributes
- MLS#837947
- TypeSingle Family
- Listing Status Active
- CountyMONTROSE
- CityMontrose
- AreaMontrose City
- NeighborhoodMontrose City
- Zip81401
- Style
- Year Built1900
- Taxes$ 3212
- Price$ 750,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage3779
- Lot Size0.14 Acres
Data Source:
Colorado Real Estate Network (CREN)
Property Description
Rarely does a downtown property offer this much character, flexibility, and income-producing potential in one package. Built in 1900, this iconic brick property is distinguished by beautiful original archwork, a matching brick fence and gate, and an uncommon layout that already provides multiple living spaces—with additional potential for a third unit. The main residence offers just under 3400 square feet with 2300+ of that across the main and upper levels, plus a finished basement at just above 1000 square feet with its own separate entry, living and flexible sleeping spaces, and a 3/4 bath. Add a kitchenette in this ripe and ready space and capitalize on the potential for a third unit here! The already existing configuration provides tremendous versatility for a primary residence, multi-generational living, rental income, or an investment property with multiple potential revenue streams. Inside, historic craftsmanship takes center stage. Remarkable original Douglas fir millwork, including the banister and living room fireplace surround, complements metal accents and an eclectic blend of vintage and updated finishes. A spacious entry opens into the main living room, where a bay window and expansive leaded-glass windows fill the home with natural light. The separate dining room flows into a well-appointed kitchen featuring a large built-in refrigerator, gas range and oven, dishwasher, island, and beverage fridge. Down the hall are original built-ins, a powder room, and a generous den/flex space with exposed brick and abundant character. The adjoining laundry room provides direct access to the back deck and yard, complete with a fire pit, greenhouse, and one of two entrances to the property's accessory dwelling unit (ADU). Upstairs in the main home, three well-appointed bedrooms share a full hall bath, while the expansive primary suite offers a luxurious retreat with an attached bath featuring a clawfoot soaking tub, walk-in shower, and dual porcelain pedestal sinks. The primary walk-in closet includes built-ins and ample storage. Lovingly known as the "Bird House," the detached ADU adds even more versatility. Approximately 400 square feet on the main level plus an upper loft, it features a bunk room, functional kitchen, bathroom, and living area—all packed with character. The loft provides additional seating, sleeping, and workspace. For an investor, house hacker, multi-generational household, or owner seeking flexible space, the possibilities here are substantial. The existing layout already supports multiple uses, while the finished basement and overall configuration create intriguing potential for additional living or rental space. With its historic architecture, downtown location, existing ADU, finished basement, and rare multi-unit potential, this is far more than a distinctive home—it is an opportunity to own a piece of Montrose history with the flexibility to shape it around your investment strategy. Property cooling features mini-split systems. Come discover this truly unique downtown property and imagine what it could become.
| Elementary School | Middle School | High School |
|---|---|---|
| Pomona K-5 Elementary School | Centennial 6-8 Middle School | Montrose 9-12 High School |
| Price History | |
|---|---|
| 8/10/2026 | Listed $775,000 |
| 9/3/2026 | 4$750,000 |
General Features
| Heating | Hot Water Baseboard,Other,Mini Split system |
|---|---|
| Cooling | Mini Split system |
| Roof | Composition |
| Fireplaces | Basement,Living Room |
| Zoning | Commercial,Live/Work,Mixed-Use,Residential Single Family |
| Status | Active |
| Bathrooms | 5 |
| Year Built | 1900 |
| Subdivision | Montrose City |
| Stories Count | Two Story,Other |
| County | Montrose |
| Class | RESIDENTIAL |
| Type | Stick Built |
| Tax Year | 2026 |
| FIPS Code | 08085 |
| HOA Y/N | No |
| New Construction Y/N | No |
| Status | Active |
| Sale/Rent | For Sale |
| Energy Star Qualified Y/N | No |
| Green Certification Y/N | No |
| HERS Rated Y/N | No |
| LEED for Homes Y/N | No |
| Other Green Cert. Y/N | No |
| Directions | From Main and Townsend,travel South on Townsend,Left onto 5th Street. Property is on the left. Sign on property. |
| High School | Montrose 9-12 |
| City | Montrose |
| List Price/SqFt | 198.47 |
| Terms | 1031 Exchange,Cash,Conventional,FHA,Other,VA |
| Elementary School | Pomona K-5 |
| Middle School | Centennial 6-8 |
| Branded Virtual Tour | https://youtu.be/usIjE6MTx-c |
| DOM | 40 |
| Price Per Sq Ft Total AG | 198.47 |
| DISCLOSURES | Lead Base Paint,Property Disclosure |
| Property Attached Y/N | Yes |
Interior Features
| Interior Amenities | Part Furnished,Ceiling Fan(s),W/D Hookup |
|---|---|
| Dining Room | Yes |
| Family Room | Yes |
| Flooring | Carpet-Partial,Hardwood,Tile |
| Furnished Y/N | Unfurnished |
| Beds | 4 |
| Full Baths | 2 |
| Dining Room | Separate Dining |
| 3/4 Baths | 2 |
| SqFt Source | Assessor |
| 1/2 Baths | 1 |
| Appliances | Range/Oven,Refrigerator,Dishwasher,Washer,Dryer,Disposal,Microwave |
| Finished Basement SF | 1006 |
| Primary Bedroom Level | Upper Level |
Exterior Features
| Exterior Amenities | Landscaping,Deck,Covered Porch |
|---|---|
| Lot Size Area | 0.14 |
| Lot Dimensions | .14 |
| RV Parking | No |
| Siding | Brick |
| Fence | Privacy,Partial Property,Fenced - Back,Fenced - Front |
| Construction Type | Solid Masonry |
| Water Well | No |
| Waterfront | No |
| Garage Y/N | No |
| Carport | No |
| Exterior Structures | Greenhouse |
| Water Rights/Irrig. | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 81401
Price
Taxes
Year Built
Visits
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
Grand Junction Area Realtor Association® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
