572 E 3rd Ave, Durango, CO 81301
OFF MARKET

572 E 3rd Ave
Durango, CO 81301

  • Studio
Studio

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Description

INVEST IN HISTORIC 3RD AVENUE IN DURANGO, COLORADO Diversify your portfolio here. Excellent purchase for consistent rental income and appreciation for your future. This building is being sold 100% leased. Location on College Drive and 3rd Avenue is ideal and attracts quality, long term tenants. Just 2 blocks to Main Street. After the leases are complete it would be ideal for owner occupancy living, working or both. HISTORY: Built in 1903 on the prestigious 3rd Avenue âEURœBoulevardâEUR formed the communityâEUR(tm)s oldest and most intact historic residential neighborhood. Many well known Durangoans have resided here. Most notably Rowe Pringrey State Senator. The property was purchased and used as a law office in 1981. From its prestigious residential beginnings, the property embraces the past while remaining in the path of progress with the versatile zoning needed to adapt to the future. ZONING: MU-N (multi-use neighborhood) âEURœMixed-use areas with small-scale residential and mixed-use development, and adaptive re-use of existing residential buildings for mixed-use or commercial purposes.âEUR This property is governed by 3rd Avenue Historic Preservation and Commercial guidelines. See the City of Durango website for all design guidelines. Click on departments, community development, planning. NET OPERATING INCOME: Total annual rent $57,780 (Front Unit $3,200 per month + Basement Stoarge $150 month Total Annual $40,200 Back Unit $1,465 month Total Annual $17,580) Expenses paid by landlord; Taxes $5,597 Insurance $3,560 Gas $1,460 Electric $1,980 City Water, Sewer, Trash $1,080. Total Annual Expenses $13,605 NOI $44,175 Current owner has had no vacancies since March 2012 and have managed the property their selves. 7% cap rate at $629,000 price. LEASES: Durango Healing Center, LLC (medical marijuana office-not retail) leased through December 14, 2016. They have a right of first refusal were offered and did not exercise as of October 2014. Chiropractic Office in back unit is leased through April 14, 2015 and is interested in renewing. PARKING: 5 developed parking spaces 2 designated per unit and 1 additional. This property is within the enhanced multi-model area which lessens parking requirements. UNDEVELOPED POTENTIAL: Front unit has an upper level with a kitchenette with the possibility to convert to an apartment with exterior entrance. IMPROVEMENTS AND INFRASTRUCTURE: New roof in 2013, T1 Line, Central A/C for upper level, Handicap accessible ramp for back unit, Basement for storage, Well maintained, Nicely landscaped and Sprinkler system. COME SEE HOW THIS OPPORTUNITY CAN WORK FOR YOU.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

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Home Details for 572 E 3rd Ave

Property Information

Year Built
Year Built: 1903
Property Type / Style
Property Type: Single Family Home

Price History for 572 E 3rd Ave

DatePriceEventSource
11/08/2016$609,000Sold
N/A
06/15/2015$580,000Sold
N/A
11/04/2014$629,000Listed For SaleAgent Provided
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Comparable Sales for 572 E 3rd Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
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Sqft
1015 County Road 201, Durango, CO
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11/24/25
3
3
3,362
7943 County Road 203, Durango, CO
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$815,000
08/01/25
3
2
1,361
25 Hermosa Drive, Durango, CO
1.39
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$648,000
06/10/25
4
1.5
1,472
235 Hermosa Drive, Durango, CO
1.43
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$610,000
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3
2
1,152
210 Hermosa Drive, Durango, CO
1.42
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$585,000
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2
1,293
179 Tripp Creek Rd, Durango, CO
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$960,000
02/09/26
3
2.5
2,276
296 Cottonwood Creek Road, Durango, CO
1.56
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$1,090,000
09/17/25
3
2.5
2,667
33291 N Highway 550, Durango, CO
1.74
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$725,000
04/20/26
4
2.5
2,650
353 Cottonwood Creek Road, Durango, CO
1.63
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$1,190,000
08/18/25
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3.5
2,314

Assigned Schools

These are the assigned schools for 572 E 3rd Ave.
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What Locals Say about Durango

At least 138 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 87 % Say there's wildlife

  • 78 % Say people would walk alone at night

  • 76 % Say kids play outside

  • 74 % Say there's holiday spirit

  • 74 % Say parking is easy

  • 73 % Say car is needed

  • 69 % Say it's quiet

  • 66 % Say yards are well-kept

  • 65 % Say there are sidewalks

  • 63 % Say they plan to stay for at least 5 years

  • 55 % Say neighbors are friendly

  • 54 % Say it's walkable to restaurants

  • 43 % Say streets are well-lit

  • 43 % Say it's walkable to grocery stores

  • 34 % Say there are community events

Learn more about our methodology.
  • Laina Marble
    "I work from home but enjoy the easy access to the grocery store and trail system. I live here to be close to family but love having the abundance of trails close by "
    0
    Flag
  • Johndmar10
    "I am retired so I do not commute. We live 14 miles outside of town and drive in to shop. It is a beautiful stretch of road north of Durango. "
    0
    Flag
  • Lee Ann Bode
    "I’ve lived in this neighborhood full time for over 4 years and love it. I know 80% of my neighbors by first name. One thing I don’t like is the short term rental properties. "
    0
    Flag
  • 9p877fp7db
    "I love the beauty of the area. There are miles of trails to walk and it is very safe and comfortable feeling neighborhood. "
    0
    Flag
  • Molly Hernandez
    "None. No one in the neighborhood decorates or celebrates any holiday in our neighborhood and it’s disappointing "
    1
    Flag
  • Jessica S. W.
    "I love living here! Winter is my favorite. I can walk everywhere. Don’t park on 3rd because of drunk drivers! Enjoy! "
    1
    Flag
  • Andra S.
    "Biking to most places downtown, steep bike up to Fort Lewis college (or drive). Walking is easy too. "
    2
    Flag
  • Marlene F.
    "Beautiful and love the views of the San Juan’s. Relaxing and peaceful. Residents have large land parcels and more views of horses and cows. "
    0
    Flag
  • Laurie F.
    "Dalton Ranch is a lovely area, it’s simply beautiful! Wonderful friendly neighbors, spectacular wild life, safe and well maintained 💕"
    9
    Flag
  • Dbltrplstuff
    "We live in our house in Durango half the year. We know all of our neighbor and love this town for all of the amazing outdoor, culinary,cultural,historic and artistic things it has to offer. And everyone loves dogs!"
    2
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  • Ashleyti12
    "We love it here!!! My kids love all of our neighbors and so do my husband and I! We live near my child’s school so it is amazing to walk with him to school some mornings! "
    4
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  • Rebecca
    "Easy. The whole town is just a few miles wide. Easy. Short commute. Express way and/or back country roads. Early morning is a bit co grated with school hours and morning traffic but otherwise, super quick and easy. "
    0
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  • Swtmelissa67
    "where my daughter lives neigh ors don't talk. but in town their Halloween this year was great. everyone was so friendly and the churches invited us all inside for festivals "
    1
    Flag
  • Sbrandon
    "Two lights and a stop sign. Very quick commute. I have never lived in such a small town and the commute is one of the benefits."
    0
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  • Ashleyti12
    "We have the friendliest neighbors and love that our children have friends all throughout the entire neighborhood! We love that we can walk to and from school without worry! It’s beautiful and an amazing place to live! "
    0
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  • Dbltrplstuff
    "Love Durango, love being close to town and the river path and amazing hiking, love the neighbors and community "
    0
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  • Ashleyti12
    "We are raising our two small children here with the comfort of a small community! We are proud to call Durango home and have made lifelong friends that live within walking distance of our home! "
    0
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572 E 3rd Ave, Durango, CO 81301 is a studio single-family home built in 1903. This property is not currently available for sale. 572 E 3rd Ave was last sold on Nov 8, 2016 for $609,000.