337 E 5 th Street new to site Save Request In-Person Tour Request Virtual Tour
Rifle,CO 81650
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 6,824 sqft
Price per Sqft $109
Subdivision Murphy
MLS Listing ID 190859
Bedrooms 5
Full Baths 5
Half Baths 1
HOA Y/N Yes
Year Built 1911
Annual Tax Amount $3,090
Tax Year 2024
Lot Size 1 Sqft
Property Sub-Type Residential Income
Source Aspen Glenwood MLS
Property Description
Fully Occupied fourplex with positive cash flow. 337 E 5th Street offers a rare opportunity to acquire a well-maintained four-unit property generating $6,900/month in gross rental income with a self managed 8.45% cap rate or 7.4% cap rate with professional management. This income-producing asset includes a spacious 3 bed / 2.5 bath unit, two comfortable 1 bed / 1 bath units, and a roomy studio for a balanced mix that attracts a broad range of tenants.
Rifle's rental market continues to show strong, steady demand, fueled by a stable local workforce, limited rental inventory, and proximity to key industries like energy, healthcare, and outdoor recreation. With a gross annual income of $82,880, this property delivers immediate cash flow in a market where vacancy rates remain low.
The building has been well cared for, making it a true plug-and-play investment with potential for rent growth and long-term appreciation. Rifle is widely considered a strong buy-and-hold market, with both property values and rental rates trending upward. This is the kind of opportunity investors look back on and wish they took the opportunity when they had the chance.
Location
State CO
County Garfield
Community Murphy
Area Rifle
Zoning Res
Direction Whitewater to 5th St, east on 5th St
Interior
Heating Forced Air
Cooling Central Air
Inclusions Oven, Refrigerator, Dishwasher
Exterior
Roof Type Composition
Garage No
Building
Water Public
New Construction No
Others
Tax ID 217716106005
Acceptable Financing New Loan,Cash
Listing Terms New Loan,Cash