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 arch work, 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 al
Listed By
Agency Name: NextHome Virtual
Agency Phone: 970-258-9300
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty

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543 S 5th Street | MLS# 837948
This commercial property located at 543 S 5th Street, Montrose, CO 81401 is currently listed for sale with an asking price of $750,000. Search Montrose real estate on www.soldwithstacey.net today.