Montrose City Homes under $500,000

Welcome to Montrose City, a hidden gem nestled in the heart of Colorado’s scenic landscapes. Located in Montrose County, this vibrant community offers a perfect blend of small-town charm and modern convenience. With the majestic San Juan Mountains as your backdrop, Montrose City invites you to explore its stunning natural beauty and rich cultural heritage.

One of the most appealing aspects of Montrose City is its diverse housing market, particularly for those seeking homes under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking for a peaceful retirement retreat, Montrose City has something to suit every lifestyle. From cozy single-family homes to contemporary townhouses, the options are plentiful, allowing you to find the perfect place to call home without breaking the bank.

Living in Montrose City means enjoying a wealth of outdoor activities, including hiking, fishing, and skiing, all within a short drive. The area is also known for its vibrant arts scene, with local galleries, music festivals, and farmer’s markets that foster a strong sense of community. Plus, with easy access to major highways, you’re just a stone’s throw away from the stunning landscapes of Black Canyon National Park and the charming town of Telluride.

In Montrose City, you’ll not only find affordable housing but also a welcoming community that celebrates the beauty of Colorado living. Come discover the perfect blend of affordability, adventure, and charm in Montrose City—your dream home awaits!

Newest Montrose City Homes under $500,000

$289,000

2 Beds ⋅ 1 Baths ⋅ 839458 MLS

Downtown Gem on Massive Lot with Ideal Floor Plan and All the Potential in The World! A standout property that would function excellently as a short or long term rental with the regionally known Montrose Hospital just a block away, or as an ideal 2nd home/landing place for western slope exploration, or even as that perfect starter home, enabling you to get a foot in the market without selling your right arm to do it. This home has been well taken care of, and is much newer construction than the majority of homes downtown, providing peace of mind and significantly less hassle long term. Situated on a massive lot with plenty of room for an ADU or shop garage, this home delivers plenty of room for extra vehicles or trailers as well as quick alley access. Step inside to a timeless, ergonomic floor plan that feels much bigger than it is, with an open kitchen/living/dining layout. The kitchen itself delivers a surprising amount of cabinet storage and counter space, and has quick access to the side patio and backyard. 2 bedrooms provide flexibility for a home office, gym, or room for guests. An extended, covered patio and large concrete slab deliver excellent outdoor living opportunity, and is the perfect environment to enjoy all the seasons in our coveted western slope climate. Newer paint and a newer roof add to the selling points. Incredible proximity to the aforementioned hospital and quality healthcare, a budding restaurant and brewery scene, an exciting and developing metro with vibrant murals, boutique shopping and trendy coffee shops, as well as parks and walking paths, your best downtown lifestyle awaits and spoiler alert - it's actually affordable! Experience It For Yourself Today!

1129 S 4th St, Montrose

$389,000

2 Beds ⋅ 1 Baths ⋅ 839420 MLS

Elevated Downtown Basecamp with Updated and On-Trend Finishes, Perfect Floor Plan, and Detached Shop! Ditch the headache of daily commutes, high gas prices, and drama, and walk to a budding brewery and restaurant scene, historic hotels and coffee shops, quality healthcare, boutique shopping, and everything that makes the Montrose downtown metro so good. For under $400k, you have an updated, charming, and versatile home with a shop, tons of storage, and an ergonomic floor plan making everyday life easy and low-stress. Step inside to beautiful and low-maintenance laminate-wood floors, natural light streaming in from every direction, and an open-concept floor plan. The kitchen is dialed in with tons of counter space and storage, upgraded wood cabinets, a large stainless sink, and excellent natural light bringing in a fresh, clean feeling throughout. The living and dining areas feature high-character touches such as skylights, bay windows, and a picturesque spot for a reading nook, home office, or yoga mat. The laundry/utility room is the space you never knew you needed and is ideal for keeping the mess out of sight and providing room for extra storage. The backyard is fully fenced and includes your dream shop, which could be the perfect zone for gear storage, tinkering, and whatever projects you're bringing with you. Enjoy an added shed, great privacy, easy off-street parking for extra vehicles, and a covered back patio - perfect for decompressing with your favorite beverage after the day is done. With a newer furnace and paint, and quality updates throughout, plus the bonus of your best, bustling and vibrant urban lifestyle at your fingertips, all without the skyrocketing stress of current mortgage payments, is this even a decision? Make It Your Own Today!

631 S 10th St, Montrose

$322,000

2 Beds ⋅ 1 Baths ⋅ 839416 MLS

Charming 1949 downtown Montrose gem balancing timeless character with incredible versatile potential! This cute artsy Bungalow has 2-bed, 1-bath home featuring original oak hardwood floors, a separate kitchen, a dedicated laundry/utility room, and a central vacuum system. The bathroom includes a modern walk-in shower. Outside, enjoy a 1-car carport, lawn sprinklers, and a private backyard retreat area with privacy fence! Boasting rare rear alley access, the large lot offers ample room for expansion—perfect for adding a garage or an Accessory Dwelling Unit (ADU). Zoned for both residential and commercial use, this property is ideal for a private residence, home-based business, or professional office. Investor opportunity. Unbeatable location close to downtown dining, shopping, schools library and parks! Come see to appreciate!

336 S 9th St, Montrose

$339,000

2 Beds ⋅ 2 Baths ⋅ 839267 MLS

This fully remodeled home offers the perfect blend of modern upgrades and peace of mind. Extensively renovated from top to bottom, the property features brand new electrical, plumbing, and HVAC systems, providing efficiency and safety. The interior has been completely updated with new drywall, flooring, cabinetry, and countertops, creating a clean, cohesive, and modern living space. The kitchen has been thoughtfully redesigned with ample cabinetry and a functional layout, ideal for both everyday living and entertaining. New finishes throughout the home provide a fresh, move-in-ready feel. Additional upgrades include foam insulation in both the home and crawl space, enhancing energy efficiency and helping maintain comfortable temperatures year-round. With all major systems already replaced and modernized, this property offers a rare opportunity for buyers seeking a move-in-ready home with minimal future maintenance. The property was appraised at a value of $385,000. THE FURNITURE MAY BE AVAILABLE FOR INCLUSION WITH AN ACCEPTABLE OFFER AND PURCHASE PRICE.

801 S Cascade Ave, Montrose

$374,000

3 Beds ⋅ 2 Baths ⋅ 837265 MLS

Welcome to this beautifully renovated downtown Montrose gem! Unbeatable access and convenience to schools, shopping, restaurants, parks, etc. Nestled on the first block east of Townsend zoned B-2, this unique property offers exceptional flexibility for residential living, a home-based business, professional office, or a combination of both, creating opportunities that are increasingly difficult to find in today's market at an unbeatable price. Inside, you'll find a thoughtfully updated 3-bedroom, 2-bath home offering the peace of mind of extensive renovations. Durable metal roof, all-new stucco siding, new windows, new flooring, granite countertops, new appliances, new cabinets, and significant drainage and grading corrections, along with numerous additional upgrades that make this property truly move-in ready. Outside, the generous lot provides ample room to add a garage, accessory dwelling unit (ADU) (subject to applicable approvals), or additional outdoor living space, giving you room to grow and expand your investment. Whether you're searching for a charming primary residence, an investment property, or a location that can accommodate your business ambitions, this turnkey property delivers outstanding versatility, value, and convenience. Don't miss this rare opportunity to own a fully renovated property in one of Montrose's sought-after downtown locations.

333 S 8th St, Montrose

$499,000

1 Beds ⋅ 2 Baths ⋅ 835480 MLS

Built in 1895, this is one of the original homes in Montrose. This property has been lovingly cared for and carefully updated and maintained. The last 35 years it has been a combination of business and residence. The business on the main floor is 1520 ft. & was styling salon for many years that evolved into a little cottage retail store with room for classes and workshops. The main floor shows so much of the original character of the home with all the natural woodwork and rooms carefully preserved. There is a half bath, what was a bedroom , laundry, large pantry that works as an office, kitchen area, a dining room, living room, and the original parlor. This historic home has a covered back porch, ADA compliant entry and a privacy fenced backyard full of all the plants, flowers, herbs & trees one can only hope for. There is a one car detached garage originally known as a carriage house. Notice the back entrance off the alley and a very private entrance to the upstairs apartment. The originality, care and maintenance of the property continues to show in the apartment with a full bath featuring a footed, cast iron tub with shower, and original recessed linen drawers. the cozy, spacious one bedroom has beautiful sunlight streaming in from the large windows, a 10-+' closet and a second closet used for utility and washer. The kitchen has been beautifully updated with custom Maple cabinets and quartz countertops with every nook and cranny purposely useful. What a cozy place to come home to. An added feature is the “Mini-Split Heat Pump HVAC “ upstairs in the apartment and in the main floor. This property is two blocks from Historic Montrose Downtown, across the street from the library and Colorado University Montrose campus and a unique combination of commercial/business opportunity with residential in a perfect location.

230-228 S 2nd St, Montrose

35 S Nevada Ave Unit 35 & 37 S. Nevada Ave., Montrose

$445,000

4 Beds ⋅ 3 Baths ⋅ 835289 MLS

Opportunity awaits at 35 & 37 Nevada Ave. in the heart of Historic Downtown Montrose! This Victorian-style duplex offers charm, flexibility, and incredible potential just one block off Main Street. Whether you’re looking for an investment property, live/work opportunity, or multi-unit residence, this unique property is ready for your vision. Situated on a landscaped corner lot with mature trees, this property features two separate units totaling 1,668 sq ft. The upstairs unit offers 1 bedroom and 1 bathroom, while the lower unit includes 3 bedrooms and 1.5 bathrooms. At one time, the ground-level unit operated as a full -service hair salon while the upstairs served as residential tenant space, creating exciting possibilities for future use. Inside, you’ll find thoughtfully designed kitchens that maximize efficiency and functionality, laminate and carpet flooring throughout, and bathrooms with walk-in shower units and single vanities. While the property could use some updating, the price reflects the opportunity to restore and personalize this iconic Victorian duplex to its full potential. Exterior features include a small covered front porch, a circular drive around the back of the property, off-street parking access, a storage shed, wood siding, and a shingle roof. The unbeatable location places you within walking distance of restaurants, nightlife, parks, schools, the hospital, medical offices, and local transit pick up sites. Whether you’re an investor seeking rental income, an entrepreneur looking for a mixed-use setup, or a buyer who appreciates historic character and downtown living, this property is packed with potential.

35 S Nevada Ave Unit 35 & 37 S. Nevada Ave., Montrose

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